Asia-Pacific: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Asia-Pacific

The Asia-Pacific cocoa powder with sugar market reached $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Asia-Pacific

In value terms, cocoa powder with sugar production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Cocoa Powder (Containing Added Sugar)

Exports in Asia-Pacific

After two years of decline, overseas shipments of cocoa powder (containing added sugar) increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

South Korea was the largest exporting country with an export of around X tons, which recorded X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%), Singapore (X%) and Indonesia (X%). Taiwan (Chinese) (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Singapore, Indonesia and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a slight setback. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Cocoa Powder (Containing Added Sugar)

Imports in Asia-Pacific

After two years of decline, supplies from abroad of cocoa powder (containing added sugar) increased by X% to X tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, cocoa powder with sugar imports rose significantly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by India (X tons), constituting a X% share of total imports. New Zealand (X tons), South Korea (X tons), Malaysia (X tons), Singapore (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Thailand (X tons) and China (X tons) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Thailand (X%), Malaysia (X%), New Zealand (X%) and South Korea (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%), China (X%), Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. Japan (X p.p.), India (X p.p.), New Zealand (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while China, Indonesia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported cocoa powder (containing added sugar) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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