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

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

The Vietnamese cocoa powder with sugar market fell to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Vietnam

In value terms, cocoa powder with sugar production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Vietnam

In 2022, the amount of cocoa powder (containing added sugar) exported from Vietnam soared to X tons, jumping by X% on 2021 figures. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cocoa powder with sugar exports surged to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for cocoa powder with sugar exports from Vietnam, accounting for a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports. 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 Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, Japan ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by the United States ($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 Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Vietnam

In 2022, imports of cocoa powder (containing added sugar) into Vietnam was estimated at X tons, picking up by X% compared with 2021. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cocoa powder with sugar imports surged to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Taiwan (Chinese) (X tons), the Philippines (X tons) and Germany (X tons) were the main suppliers of cocoa powder with sugar imports to Vietnam, together accounting for X% of total imports. The United States, Malaysia, South Korea, China, France and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the Philippines ($X) and Germany ($X) constituted the largest cocoa powder with sugar suppliers to Vietnam, together comprising X% of total imports. The United States, Malaysia, South Korea, China, France and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 with sugar import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and the Philippines ($X per ton), while the price for South Korea ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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