U.S.: Cocoa Paste Market 2024

Cocoa Paste Market Size in the U.S.

The U.S. cocoa paste market expanded rapidly to $X in 2022, increasing by X% against the previous year. The market value 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. Cocoa paste consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Cocoa Paste Production in the U.S.

In value terms, cocoa paste production expanded to $X in 2022. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Cocoa paste production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Cocoa Paste Exports

Exports from the U.S.

In 2022, approx. X tons of cocoa paste were exported from the United States; surging by X% against the previous year's figure. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cocoa paste exports expanded significantly to $X in 2022. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for cocoa paste exports from the United States, with a X% share of total exports. Moreover, cocoa paste exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), tenfold. Brazil (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 Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Brazil (X% per year).

In value terms, Canada ($X) remains the key foreign market for cocoa paste exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Brazil (X% per year).

Export Prices by Country

The average cocoa paste export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

Cocoa Paste Imports

Imports into the U.S.

In 2022, approx. X tons of cocoa paste were imported into the United States; picking up by X% against the year before. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cocoa paste imports surged to $X in 2022. In general, imports showed noticeable growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Cote d'Ivoire (X tons) constituted the largest cocoa paste supplier to the United States, with a X% share of total imports. Moreover, cocoa paste imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Ghana (X tons), threefold. Cameroon (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cameroon (X% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa paste to the United States, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Ecuador (X% per year).

Import Prices by Country

The average cocoa paste import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price, however, recorded a perceptible contraction. 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 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 Canada ($X per ton), while the price for Cameroon ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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