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

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

In 2022, after two years of decline, there was growth in the Indonesian cocoa powder with sugar market, when its value increased by X% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. Cocoa powder with sugar consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Indonesia

In value terms, cocoa powder with sugar production dropped to $X in 2022 estimated in export price. Overall, production showed a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Cocoa powder with sugar production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Exports of Cocoa Powder (Containing Added Sugar)

Exports from Indonesia

After seven years of growth, shipments abroad of cocoa powder (containing added sugar) decreased by X% to X tons in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, cocoa powder with sugar exports fell notably to $X in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

China (X tons) was the main destination for cocoa powder with sugar exports from Indonesia, accounting for a X% share of total exports. It was followed by Malaysia (X tons), with a X% share of total exports. Turkey (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 China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Turkey (X% per year).

In value terms, China ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

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

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Indonesia

In 2022, purchases abroad of cocoa powder (containing added sugar) decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar imports declined to $X in 2022. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Finland (X tons) were the main suppliers of cocoa powder with sugar imports to Indonesia, with a combined X% share of total imports.

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

In value terms, Thailand ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Indonesia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Singapore ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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