Vietnam: Cocoa Powder Market 2024

Cocoa Powder Market Size in Vietnam

The Vietnamese cocoa powder market stood at $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, showed a perceptible contraction. Cocoa powder consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cocoa Powder Production in Vietnam

In value terms, cocoa powder production rose slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Cocoa Powder Exports

Exports from Vietnam

In 2022, overseas shipments of cocoa powder (not sweetened) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder exports fell rapidly to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Cambodia (X tons) and Hong Kong SAR (X tons) were the main destinations of cocoa powder exports from Vietnam, with a combined X% share of total exports.

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

In value terms, the largest markets for cocoa powder exported from Vietnam were Russia ($X), Cambodia ($X) and Hong Kong SAR ($X), together accounting for X% of total exports.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and South Korea ($X per ton), while the average price for exports to Cambodia ($X per ton) and the United States ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into Vietnam

In 2022, approx. X tons of cocoa powder (not sweetened) were imported into Vietnam; growing by X% on 2021. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cocoa powder imports skyrocketed to $X in 2022. Overall, imports posted prominent growth. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest cocoa powder supplier to Vietnam, accounting for a X% share of total imports. Moreover, cocoa powder imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per ton) and Malaysia ($X per ton), while the price for Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :