U.S. - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCocoa Powder Price in the United States - 2023
Contents:
- Cocoa Powder Price in the United States (CIF) - 2023
- Cocoa Powder Price in the United States (FOB) - 2023
- Cocoa Powder Imports in the United States
- Cocoa Powder Exports in the United States
Cocoa Powder Price in the United States (CIF) - 2023
The average cocoa powder import price stood at $3,668 per ton in August 2023, leveling off at the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 8.5% m-o-m. As a result, import price attained the peak level of $3,755 per ton. From October 2022 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($4,754 per ton), while the price for Ghana ($3,167 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cocoa Powder Price in the United States (FOB) - 2023
In August 2023, the average cocoa powder export price amounted to $3,863 per ton, declining by -12.7% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 18% against the previous month. As a result, the export price reached the peak level of $4,426 per ton, and then dropped in the following month.
Average prices varied noticeably for the major export markets. In August 2023, the country with the highest price was Canada ($3,833 per ton), while the average price for exports to Mexico amounted to $3,677 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.8%).
Cocoa Powder Imports in the United States
In 2022, the amount of cocoa powder (not sweetened) imported into the United States was estimated at 111K tons, therefore, remained relatively stable against 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 9.5% against the previous year.
In value terms, cocoa powder imports skyrocketed to $382M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cocoa Powder in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 156 | 142 | 176 | 220 | 12.1% |
Malaysia | 22.7 | 23.7 | 33.8 | 41.9 | 22.7% |
France | 22.0 | 22.2 | 27.8 | 32.4 | 13.8% |
Spain | 19.3 | 21.2 | 22.3 | 29.2 | 14.8% |
Ghana | 10.6 | 12.9 | 16.0 | 16.7 | 16.4% |
Germany | 16.6 | 13.3 | 15.9 | 15.9 | -1.4% |
Brazil | 5.8 | 6.8 | 6.6 | 10.6 | 22.3% |
Indonesia | 7.5 | 3.1 | 1.7 | 1.4 | -42.8% |
Others | 20.3 | 13.3 | 11.1 | 13.6 | -12.5% |
Total | 281 | 258 | 312 | 382 | 10.8% |
Top Suppliers of Cocoa Powder to the United States in 2022:
- Netherlands (62.4K tons)
- Malaysia (13.3K tons)
- Spain (9.9K tons)
- France (8.2K tons)
- Ghana (5.7K tons)
- Germany (5.0K tons)
- Brazil (2.6K tons)
- Indonesia (0.6K tons)
Cocoa Powder Exports in the United States
After three years of growth, shipments abroad of cocoa powder (not sweetened) decreased by -11.4% to 31K tons in 2022. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 30%.
In value terms, cocoa powder exports fell modestly to $114M in 2022. The total export value increased at an average annual rate of +12.9% over the period 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 2020 when exports increased by 22% against the previous year.
Export of Cocoa Powder in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 40.5 | 52.2 | 59.1 | 62.9 | 15.8% |
Mexico | 24.2 | 26.3 | 38.1 | 33.4 | 11.3% |
Others | 14.1 | 17.5 | 18.8 | 17.3 | 7.1% |
Total | 78.9 | 96.0 | 116 | 114 | 13.1% |
Top Export Markets for Cocoa Powder from the United States in 2022:
- Canada (17.5K tons)
- Mexico (9.5K tons)
This report provides an in-depth analysis of the cocoa powder market in the U.S.. 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:
- FCL 665 - Cocoa Powder and Cake
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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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
This report provides an in-depth analysis of the cocoa powder market in the U.S..
This report provides an in-depth analysis of the global cocoa powder market.
This report provides an in-depth analysis of the cocoa powder market in the U.S..
This report provides an in-depth analysis of the global cocoa powder market.
In June 2022, the cocoa powder price per tonamounted to $3,470 per ton, increasing by 4.6% against the previous month.
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
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 X million USD in 2015.
The end of 2014 was marked by an unexpectedly sharp drop in cocoa consumption in the world. The European Cocoa Association recorded a decrease of between two and five percent, which was far below market forecasts.
In June 2022, the cocoa powder price per tonamounted to $3,470 per ton, increasing by 4.6% against the previous month.
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
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 X million USD in 2015.
The end of 2014 was marked by an unexpectedly sharp drop in cocoa consumption in the world. The European Cocoa Association recorded a decrease of between two and five percent, which was far below market forecasts.