Argentina: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Argentina

The Argentinian cocoa powder with sugar market shrank to $X in 2022, remaining constant against the previous year. In general, consumption showed a mild descent. Cocoa powder with sugar consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Argentina

In value terms, cocoa powder with sugar production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Argentina

For the fourth consecutive year, Argentina recorded decline in overseas shipments of cocoa powder (containing added sugar), which decreased by X% to X tons in 2022. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa powder with sugar exports shrank to $X in 2022. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X tons), Uruguay (X tons) and Paraguay (X tons) were the main destinations of cocoa powder with sugar exports from Argentina, with a combined X% share of total exports. Honduras lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for cocoa powder with sugar exported from Argentina were Chile ($X), Uruguay ($X) and Paraguay ($X), together accounting for X% of total exports. These countries were followed by Honduras, which accounted for a further X%.

Among the main countries of destination, Honduras, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average cocoa powder with sugar export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Chile ($X 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 Chile (X%), while the prices for the other major destinations experienced a decline.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Argentina

In 2022, overseas purchases of cocoa powder (containing added sugar) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, cocoa powder with sugar imports shrank rapidly to $X in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest cocoa powder with sugar supplier to Argentina, with a X% share of total imports. Moreover, cocoa powder with sugar imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%.

In value terms, Italy ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Argentina, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to X%.

Import Prices by Country

In 2022, the average cocoa powder with sugar import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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