Which Country Exports the Most Cocoa Powder in the World?

IndexBox has just published a new report "World: Cocoa Powder (Not Sweetened) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global cocoa powder imports totaled 849K tonnes, rising by 2% against the previous year figure. The total import volume increased at an average annual rate of +2.9% over the period from 2007 to 2016- the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2010, when import increased by 12% y-o-y. Global cocoa powder import peaked in 2016, and are expected to retain its growth in the immediate term.

In value terms, cocoa powder imports stood at $2.5B in 2016. In general, cocoa powder imports continue to indicate a prominent expansion. Over the period under review, global cocoa powder imports attained its maximum level of $3.5B in 2011- however, from 2012 to 2016, it stood at a somewhat lower level.

Top Cocoa Powder Importing Countries in the World

1. USA (383.4 million USD)

2. Germany (148.8 million USD)

3. Belgium (139.6 million USD)

4. France (121.2 million USD)

5. Russia (109.9 million USD)

6. Italy (101.0 million USD)

7. China (98.5 million USD)

8. Netherlands (84.1 million USD)

9. Canada (65.9 million USD)

10. Poland (63.0 million USD)

11. Philippines (61.2 million USD)

12. Malaysia (48.7 million USD)

Cocoa Powder Imports By Country

In 2016, the U.S. (109K tonnes), distantly followed by Germany (50K tonnes), Belgium (47K tonnes), Russia (44K tonnes), and France (40K tonnes) were the key importers of cocoa powder, together constituting 34% of total imports. China (37K tonnes), Italy (33K tonnes), the Netherlands (31K tonnes), the Philippines (24K tonnes), Canada (22K tonnes), Malaysia (21K tonnes), and Poland (20K tonnes) followed a long way behind this figure.

The U.S. experienced a relatively flat trend pattern. At the same time, Malaysia (+27.7%), Belgium (+11.3%), China (+10.2%), the Philippines (+7.8%), Canada (+4.6%), Russia (+2.0%), Italy (+1.9%), and France (+1.2%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest growing importer/exporter in the world, with a CAGR of +27.7% from 2007-2016. The Netherlands, Germany, and Poland experienced a relatively flat trend pattern. From 2007 to 2016, the share of Malaysia, China, and Belgium decreased by -2.2%, -2.5%, and -3.4% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($383M) constitutes the largest market for imported cocoa powder worldwide, making up 15% of global imports. The second position in the ranking was occupied by Germany ($149M), with the share of 6% of global imports. It was followed by Belgium, with the share of 6%.

From 2007 to 2016, the average annual growth rate of value of cocoa powder imports in the U.S. expanded at +8.5%. The remaining importing countries recorded the following average annual rates: Germany (+6.6% per year) and Belgium (+17.4% per year).

Cocoa Powder Import Prices By Country

The average cocoa powder import price stood at $2,920 per tonne in 2016, ascending by 17% against the previous year. In general, cocoa powder import price continues to indicate a prominent growth. The pace of growth was the most pronounced in 2010, when import increased by 63% from the previous year level. Over the period under review, average cocoa powder import price reached its maximum level of $4,731 per tonne in 2012- however, from 2013 to 2016, it failed to regain its strength.

Average import prices varied somewhat amongst major importing countries. In 2016, major importing countries recorded the following import prices: in the U.S. ($3,513 per tonne) and Poland ($3,156 per tonne), while Malaysia ($2,365 per tonne) and Russia ($2,474 per tonne) were among the lowest.

From 2007 to 2016, the most notable growth rate of cocoa powder import prices was attained by the Philippines (+11.3% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global cocoa powder market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• cocoa powder market share
• cocoa powder prices
• cocoa powder industry
• cocoa powder sales
• cocoa powder import
• cocoa powder export
• cocoa powder market forecast
• cocoa powder price forecast
• key cocoa powder producers

All data provided in this article covers the following product: HS Code 1805 - Cocoa- powder, not containing added sugar or other sweetening matter.

Source: World: Cocoa Powder (Not Sweetened) - Market Report. Analysis and Forecast to 2025