Philippines - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cocoa Powder with Sugar in the Philippines - 2023
Contents:
- Price for Cocoa Powder with Sugar in the Philippines (CIF) - 2022
- Price for Cocoa Powder with Sugar in the Philippines (FOB) - 2022
- Imports of Cocoa Powder with Sugar in the Philippines
- Exports of Cocoa Powder with Sugar in the Philippines
Price for Cocoa Powder with Sugar in the Philippines (CIF) - 2022
In 2022, the average cocoa powder with sugar import price amounted to $2,952 per ton, with an increase of 15% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 90%. The import price peaked at $3,980 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($6,835 per ton), while the price for Canada ($1,162 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+42.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Powder with Sugar in the Philippines (FOB) - 2022
In 2022, the average cocoa powder with sugar export price amounted to $5,658 per ton, with an increase of 128% against the previous year. Over the period under review, the export price enjoyed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($7,868 per ton), while the average price for exports to Rwanda ($591 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+61.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Powder with Sugar in the Philippines
Cocoa powder with sugar imports into the Philippines soared to 380 tons in 2022, rising by 43% compared with 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, cocoa powder with sugar imports skyrocketed to $1.1M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cocoa Powder with Sugar in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | 309 | 508 | 64.4% |
| Malaysia | 102 | 149 | 163 | 453 | 64.4% |
| Canada | 36.4 | 25.0 | 24.4 | 52.6 | 13.1% |
| New Zealand | 48.6 | 41.1 | 63.1 | 48.1 | -0.3% |
| United States | 200 | 381 | 37.1 | 32.0 | -45.7% |
| China | N/A | N/A | 61.1 | N/A | 0% |
| Others | 31.2 | 74.0 | 25.6 | 29.0 | -2.4% |
| Total | 419 | 670 | 683 | 1,122 | 38.9% |
Top Suppliers of Cocoa Powder with Sugar to the Philippines in 2022:
- Indonesia (198.6 tons)
- Malaysia (111.9 tons)
- Canada (45.3 tons)
- United States (7.6 tons)
- New Zealand (7.0 tons)
Exports of Cocoa Powder with Sugar in the Philippines
In 2022, the amount of cocoa powder (containing added sugar) exported from the Philippines contracted modestly to 37 tons, approximately equating the year before. Overall, exports continue to indicate a significant contraction.
In value terms, cocoa powder with sugar exports soared to $207K in 2022. Over the period under review, exports recorded a dramatic slump.
| Export of Cocoa Powder with Sugar in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.3 | N/A | 4.5 | 100 | 593.4% |
| Vietnam | 725 | 779 | 44.3 | 66.5 | -54.9% |
| Uganda | 3.0 | N/A | N/A | 7.9 | 38.1% |
| Kuwait | N/A | 1.4 | N/A | 7.3 | 128.3% |
| China | N/A | 5.7 | 4.3 | 3.2 | -25.1% |
| United Arab Emirates | 46.0 | 6.5 | 3.9 | 2.6 | -61.6% |
| Qatar | N/A | 2.6 | 3.4 | 1.5 | -24.0% |
| Rwanda | N/A | N/A | N/A | 1.4 | 0% |
| Malaysia | 70.0 | 60.9 | N/A | N/A | -13.0% |
| Saudi Arabia | N/A | 24.0 | 13.7 | N/A | -42.9% |
| Tanzania | 11.9 | N/A | 0.8 | N/A | -74.1% |
| Oman | 40.3 | 14.4 | 6.8 | N/A | -58.9% |
| Ghana | 13.9 | N/A | 1.6 | N/A | -66.1% |
| Others | 26.1 | 16.9 | 7.5 | 16.3 | -14.5% |
| Total | 936 | 911 | 90.8 | 207 | -39.5% |
Top Export Markets for Cocoa Powder with Sugar from the Philippines in 2022:
- Netherlands (15.4 tons)
- Vietnam (12.0 tons)
- Rwanda (2.3 tons)
- Kuwait (1.4 tons)
- China (1.3 tons)
- Qatar (1.0 tons)
- Uganda (1.0 tons)
- United Arab Emirates (0.5 tons)
This report provides an in-depth analysis of the market for cocoa powder with sugar in the Philippines. 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
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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