China - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChocolate Price in China - 2023
Contents:
- Chocolate Price in China (CIF) - 2023
- Chocolate Price in China (FOB) - 2023
- Chocolate Imports in China
- Chocolate Exports in China
Chocolate Price in China (CIF) - 2023
The average chocolate import price stood at $7,032 per ton in June 2023, approximately reflecting the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.9%. The growth pace was the most rapid in May 2023 when the average import price increased by 28% m-o-m. As a result, import price reached the peak level of $7,076 per ton, leveling off in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($11,521 per ton), while the price for Kazakhstan ($3,685 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Price in China (FOB) - 2023
The average chocolate export price stood at $4,694 per ton in June 2023, with a decrease of -2.3% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 18% m-o-m. Over the period under review, the average export prices attained the peak figure at $6,537 per ton in September 2022; however, from October 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($8,790 per ton), while the average price for exports to Indonesia ($2,583 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate Imports in China
In 2022, supplies from abroad of chocolate and cocoa products decreased by -30.9% to 99K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of 144K tons, and then declined remarkably in the following year.
In value terms, chocolate imports reduced to $577M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $673M, and then contracted in the following year.
| Import of Chocolate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 93.9 | 85.7 | 110 | 108 | 4.8% |
| Belgium | 48.5 | 59.1 | 95.3 | 89.2 | 22.5% |
| Malaysia | 52.3 | 35.1 | 36.9 | 46.6 | -3.8% |
| Switzerland | 32.8 | 32.4 | 46.0 | 42.2 | 8.8% |
| Russia | 83.0 | 83.9 | 107 | 39.6 | -21.9% |
| Singapore | 12.9 | 14.4 | 28.6 | 37.3 | 42.5% |
| United States | 32.4 | 28.6 | 47.3 | 30.6 | -1.9% |
| Germany | 26.7 | 24.1 | 27.8 | 26.0 | -0.9% |
| Japan | 9.9 | 15.6 | 22.4 | 22.8 | 32.1% |
| France | 21.0 | 24.6 | 30.2 | 20.8 | -0.3% |
| Turkey | 5.0 | 7.1 | 12.1 | 14.4 | 42.3% |
| Indonesia | 3.2 | 5.7 | 12.0 | 8.0 | 35.7% |
| Thailand | 0.7 | 2.8 | 5.9 | 5.1 | 93.9% |
| Others | 61.1 | 66.7 | 91.8 | 86.2 | 12.2% |
| Total | 483 | 486 | 673 | 577 | 6.1% |
Top Suppliers of Chocolate to China in 2022:
- Belgium (14.4K tons)
- Russia (13.4K tons)
- Italy (11.8K tons)
- Singapore (11.1K tons)
- Malaysia (7.3K tons)
- Indonesia (6.4K tons)
- Thailand (4.9K tons)
- Switzerland (4.5K tons)
- United States (3.0K tons)
- Germany (2.8K tons)
- France (2.4K tons)
- Turkey (2.2K tons)
- Japan (1.9K tons)
Chocolate Exports in China
Chocolate exports from China fell to 69K tons in 2022, stabilizing at 2021 figures. The total export volume increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of 70K tons, leveling off in the following year.
In value terms, chocolate exports amounted to $403M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Chocolate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 38.2 | 30.2 | 31.7 | 41.4 | 2.7% |
| Philippines | 25.3 | 21.1 | 52.7 | 39.1 | 15.6% |
| United States | 18.4 | 17.2 | 40.8 | 36.2 | 25.3% |
| Thailand | 12.8 | 14.6 | 14.8 | 21.5 | 18.9% |
| Japan | 22.7 | 19.3 | 17.0 | 21.3 | -2.1% |
| Malaysia | 11.4 | 9.1 | 12.0 | 19.8 | 20.2% |
| Australia | 27.6 | 22.3 | 19.4 | 17.5 | -14.1% |
| Mexico | 2.4 | 4.4 | 13.1 | 13.2 | 76.5% |
| Indonesia | 5.7 | 6.3 | 7.0 | 12.2 | 28.9% |
| Saudi Arabia | 4.9 | 4.4 | 7.3 | 9.7 | 25.6% |
| New Zealand | 9.2 | 8.0 | 9.1 | 9.2 | 0.0% |
| Vietnam | 4.1 | 3.7 | 4.9 | 8.8 | 29.0% |
| United Arab Emirates | 12.6 | 3.2 | 4.0 | 8.7 | -11.6% |
| Others | 136 | 111 | 167 | 144 | 1.9% |
| Total | 331 | 275 | 401 | 403 | 6.8% |
Top Export Markets for Chocolate from China in 2022:
- Philippines (6.5K tons)
- South Korea (5.5K tons)
- United States (5.3K tons)
- Thailand (4.2K tons)
- Indonesia (4.1K tons)
- Australia (3.8K tons)
- Malaysia (3.7K tons)
- Japan (2.6K tons)
- United Arab Emirates (2.4K tons)
- Saudi Arabia (2.1K tons)
- Vietnam (2.0K tons)
- New Zealand (1.9K tons)
- Mexico (1.7K tons)
This report provides an in-depth analysis of the chocolate market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
- Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
- Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
- Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
- Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
- Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
- Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
- Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
- Prodcom 10822270 - Chocolate spreads
- Prodcom 10822280 - Preparations containing cocoa for making beverages
- Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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