Asia-Pacific: Cocoa Powder Market 2024

Cocoa Powder Market Size in Asia-Pacific

For the third consecutive year, the Asia-Pacific cocoa powder market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Cocoa Powder Production in Asia-Pacific

In value terms, cocoa powder production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cocoa Powder Exports

Exports in Asia-Pacific

In 2022, after seven years of growth, there was decline in overseas shipments of cocoa powder (not sweetened), when their volume decreased by X% to X tons. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank modestly in the following year.

In value terms, cocoa powder exports amounted to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Malaysia (X tons) and Indonesia (X tons) were the largest exporters of cocoa powder (not sweetened) in 2022, recording near X% and X% of total exports, respectively. It was distantly followed by Singapore (X tons), committing a X% share of total exports. China (X tons) took a minor share of total exports.

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

In value terms, the largest cocoa powder supplying countries in Asia-Pacific were Malaysia ($X), Indonesia ($X) and Singapore ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, saw a pronounced slump. Over the period under review, the export prices reached the maximum 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while China ($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 a decline in the export price figures.

Cocoa Powder Imports

Imports in Asia-Pacific

Cocoa powder imports rose markedly to X tons in 2022, increasing by X% against 2021. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cocoa powder imports skyrocketed to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) and India (X tons) represented the largest importers of cocoa powder (not sweetened) in Asia-Pacific, together recording approx. X% of total imports. Indonesia (X tons) ranks next in terms of the total imports with an X% share, followed by the Philippines (X%), Thailand (X%), Japan (X%) and Australia (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Australia ($X per ton), while the Philippines ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :