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The cocoa powder market is expected to see a rise in demand worldwide, leading to an upward consumption trend over the next six years. With a projected CAGR of +2.4% in market volume and +4.7% in market value from 2024 to 2030, the market is forecasted to reach 2.5M tons and $11.7B respectively by the end of 2030.
Imports of Cocoa Powder With Sugar reached a peak of 15K tons in 2014 before declining in the following years. By 2024, the import value dropped significantly to $33M.
Between 2015 and 2023, imports of Cocoa Powder With Sugar experienced minimal growth, with the value dropping to $2.9M in 2023.
In 2013, exports of Cocoa Powder With Sugar peaked at 88K tons. However, from 2014 to 2023, the exports witnessed a slight decline. In terms of value, exports decreased significantly to $1.5M in 2023.
The exports of Cocoa Powder With Sugar reached 19K tons in 2020, but from 2021 to 2023, they decreased slightly. In terms of value, the exports dropped to $18M in 2023.
In 2013, Cocoa Powder With Sugar exports peaked at 88K tons, but from 2014 to 2023, they remained at a lower figure. In terms of value, exports dropped sharply to $1.5M in 2023.
In September 2023, Cocoa Powder With Sugar exports experienced a significant growth rate of 257% compared to the previous month. However, in November 2023, the value of these exports decreased notably to $171K.
During the reviewed period, there was a slight decline in imports. In terms of value, imports of Cocoa Powder With Sugar surged to $1.3M in September 2023.
The price of Cocoa Powder With Sugar in July 2023 was $3,719 per ton (FOB, Germany), which was similar to the previous month.
In May 2023, the price of Cocoa Powder With Sugar was $4,740 per ton (CIF, Spain), which was almost the same as the previous month.
In April 2023, the cocoa powder with sugar price stood at $5,941 per ton (FOB, South Africa), growing by 27% against the previous month.
In October 2022, the cocoa powder with sugar price stood at $3,459 per ton (CIF, France), surging by 1.9% against the previous month.
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