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

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

The Colombian cocoa powder with sugar market fell slightly to $X in 2022, approximately reflecting the previous year. In general, consumption saw a relatively flat trend pattern. Cocoa powder with sugar 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 Colombia

In value terms, cocoa powder with sugar production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a mild descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Cocoa powder with sugar production peaked 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 from Colombia

In 2022, after two years of decline, there was significant growth in overseas shipments of cocoa powder (containing added sugar), when their volume increased by X% to X tons. In general, exports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a precipitous curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cocoa powder with sugar exports from Colombia, accounting for a X% share of total exports. Moreover, cocoa powder with sugar exports to the United States exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Spain (X% per year).

In value terms, the largest markets for cocoa powder with sugar exported from Colombia were the United States ($X), Spain ($X) and Ecuador ($X), together comprising X% of total exports. Finland, the UK, Japan, Venezuela and Panama lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cocoa powder with sugar export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained 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 Spain ($X per ton), while the average price for exports to Panama ($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 Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Colombia

Cocoa powder with sugar imports into Colombia declined markedly to X tons in 2022, with a decrease of X% against the year before. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, cocoa powder with sugar imports reduced sharply to $X in 2022. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main cocoa powder with sugar supplier to Colombia, with a X% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Spain (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Spain (X% per year).

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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