Cocoa Powder Market - Global Exports of Cocoa Powder Stabilized After Three Years of Steady Decline
Cocoa, Chocolate And Confectionery December 22, 2016
Photo: © Eldar Nurkovic / Bigstockphoto
From 2007 to 2011, global exports of cocoa powder displayed a robust growth trend, which switched to a steady decline until 2015. Exports amounted to 2,099 million USD in 2015.
According to IndexBox estimates, the Netherlands continued to dominate the cocoa powder market in global supplies. In 2015, exports of cocoa powder from the Netherlands totaled 606 million USD, which accounted for a 29% share in terms of global exports. Malaysia, Germany, France, and Indonesia were the other key global suppliers of cocoa powder in 2015, with a 34% combined share of global exports.
Indonesia (+18.4% per year) and Germany (+16.3% per year) were the fastest growing exporters from 2007 to 2015. Germany strengthened its position in global cocoa powder exports, growing its share from 6% in 2007 to 11% in 2015.
On the other hand, USA (12.3%, based on value terms), France (6.1%), the Netherlands (5.9%), Belgium (5.6%), and Germany (5.5%) were the leading destinations of imports of cocoa powder in 2015. Imports to Belgium grew at a rapid pace of +17.4% per year from 2007 to 2015. All of the major importing countries expanded their imports of cocoa powder over the same period. Belgium's share in terms of global imports increased by +3 percentage points, while the share of the USA illustrated negative dynamics (-5 percentage points).
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Source: World: Cocoa Powder (Not Sweetened) - Market Report. Analysis and Forecast to 2020
