India: Cocoa Powder Market 2024

Cocoa Powder Market Size in India

The Indian cocoa powder market rose remarkably to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Cocoa Powder Production in India

In value terms, cocoa powder production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Cocoa Powder Exports

Exports from India

In 2022, the amount of cocoa powder (not sweetened) exported from India skyrocketed to X tons, rising by X% compared with the year before. Overall, exports saw a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cocoa powder exports surged to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Nepal (X tons) was the main destination for cocoa powder exports from India, accounting for a X% share of total exports. Moreover, cocoa powder exports to Nepal exceeded the volume sent to the second major destination, Kenya (X tons), twofold. Cameroon (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Cameroon (X% per year).

In value terms, Nepal ($X) remains the key foreign market for cocoa powder (not sweetened) exports from India, comprising X% of total exports. The second position in the ranking was held by Cameroon ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nepal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2022, the average cocoa powder export price amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into India

For the sixth year in a row, India recorded growth in supplies from abroad of cocoa powder (not sweetened), which increased by X% to X tons in 2022. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cocoa powder imports soared to $X in 2022. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest cocoa powder supplier to India, accounting for a X% share of total imports. Moreover, cocoa powder imports from Indonesia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and China (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cocoa powder (not sweetened) to India, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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