Australia - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSeptember 2023 Sees Sharp Decline in Australia's $6.8M Cocoa Paste Imports
Australia Cocoa Paste Imports
In September 2023, imports of cocoa paste into Australia shrank notably to 1.5K tons, with a decrease of -32.1% on the previous month's figure. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when imports increased by 38% m-o-m. As a result, imports reached the peak of 2.2K tons, and then contracted rapidly in the following month.
In value terms, cocoa paste imports declined dramatically to $6.8M (IndexBox estimates) in September 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when imports increased by 46% against the previous month.
| COUNTRY | Import Value of Cocoa Paste in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| Singapore | 4.1 | 3.7 | 2.9 | 5.6 | 4.2 | 2.5 | 4.7 | 3.5 | 2.5 | 2.9 | 2.0 | 3.7 | 2.9 |
| Ghana | 0.9 | 0.9 | 2.2 | 0.4 | 0.2 | 0.4 | 0.4 | < 0.1 | < 0.1 | 0.4 | 1.1 | N/A | 1.4 |
| Malaysia | 1.0 | 1.3 | 1.4 | 1.8 | 1.6 | 0.7 | 1.1 | 1.0 | 1.0 | 2.5 | 1.8 | 2.4 | 1.2 |
| Indonesia | 0.6 | 1.6 | 0.8 | 0.9 | 0.7 | 0.5 | 0.4 | 0.6 | 0.6 | 1.3 | 0.3 | 0.6 | 1.0 |
| Ecuador | N/A | 0.1 | 0.2 | 0.3 | 0.2 | < 0.1 | 0.3 | N/A | 0.3 | N/A | 0.3 | 0.2 | 0.2 |
| Cote d'Ivoire | N/A | 0.2 | 0.5 | 0.1 | 0.5 | 2.3 | 1.1 | 2.3 | 1.3 | 1.5 | 1.6 | 3.3 | < 0.1 |
| Others | < 0.1 | < 0.1 | 0.1 | < 0.1 | < 0.1 | < 0.1 | 0.1 | N/A | 0.1 | 0.1 | < 0.1 | < 0.1 | < 0.1 |
| Total | 6.5 | 8.0 | 8.1 | 9.1 | 7.3 | 6.4 | 8.1 | 7.5 | 5.9 | 8.6 | 7.2 | 10.2 | 6.8 |
Imports by Country
Singapore (672 tons), Ghana (378 tons) and Malaysia (220 tons) were the main suppliers of cocoa paste imports to Australia, with a combined 83% share of total imports.
From September 2022 to September 2023, the biggest increases were in Ghana (with a CAGR of +3.7%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Singapore ($2.9M) constituted the largest supplier of cocoa paste to Australia, comprising 43% of total imports. The second position in the ranking was held by Ghana ($1.4M), with a 20% share of total imports. It was followed by Malaysia, with a 17% share.
From September 2022 to September 2023, the average monthly growth rate of value from Singapore amounted to -2.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Ghana (+3.9% per month) and Malaysia (+1.7% per month).
Import Prices by Country
In September 2023, the cocoa paste price amounted to $4,440 per ton (CIF, Australia), which is down by -2.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 9.3% m-o-m. Over the period under review, average import prices hit record highs at $4,552 per ton in August 2023, and then reduced slightly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($5,359 per ton), while the price for Cote d'Ivoire ($3,397 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the cocoa paste market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
