Australia: Cocoa Powder Market 2024

Cocoa Powder Market Size in Australia

The Australian cocoa powder market expanded significantly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Cocoa powder consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Powder Production in Australia

In value terms, cocoa powder production rose to $X in 2022 estimated in export price. In general, production, however, saw a slight contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Cocoa powder production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cocoa Powder Exports

Exports from Australia

In 2022, shipments abroad of cocoa powder (not sweetened) was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, showed a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa powder exports surged to $X in 2022. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for cocoa powder exports from Australia, with a X% share of total exports. Moreover, cocoa powder exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), threefold. Singapore (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Singapore (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average cocoa powder export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a slight decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to New Zealand ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Powder Imports

Imports into Australia

In 2022, supplies from abroad of cocoa powder (not sweetened) was finally on the rise to reach X tons after two years of decline. The total import 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa powder imports soared to $X in 2022. Over the period under review, imports, however, saw a slight setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Singapore (X tons) were the main suppliers of cocoa powder imports to Australia, together accounting for X% of total imports. The Netherlands, Canada, Germany, Peru and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest cocoa powder suppliers to Australia were Malaysia ($X), Indonesia ($X) and the Netherlands ($X), together comprising X% of total imports. Singapore, Canada, Germany, Peru and Italy lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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 a decline.

Source: IndexBox Platform

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