Argentina: Market for Cocoa Powder (Containing Added Sugar) 2025

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

The Argentinian cocoa powder with sugar market expanded modestly to $X in 2021, growing by 4.2% against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Argentina

In value terms, cocoa powder with sugar production expanded slightly to $X in 2021 estimated in export price. In general, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16%. Cocoa powder with sugar production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Argentina

In 2021, the amount of cocoa powder (containing added sugar) exported from Argentina declined dramatically to X tons, shrinking by -62.6% on 2020 figures. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 18%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa powder with sugar exports plummeted to $X in 2021. Over the period under review, exports saw a sharp reduction. The pace of growth was the most pronounced in 2018 with an increase of 9.3% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons), Chile (X tons) and Paraguay (X tons) were the main destinations of cocoa powder with sugar exports from Argentina, together comprising 81% of total exports. Honduras and Pakistan lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Honduras (with a CAGR of +10.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cocoa powder with sugar exported from Argentina were Uruguay ($X), Chile ($X) and Paraguay ($X), with a combined 62% share of total exports. These countries were followed by Pakistan and Honduras, which together accounted for a further 16%.

Honduras, with a CAGR of +6.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Argentina

In 2021, purchases abroad of cocoa powder (containing added sugar) increased by 96% to X tons, rising for the third year in a row after two years of decline. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 426%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, cocoa powder with sugar imports skyrocketed to $X in 2021. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 727% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of cocoa powder with sugar to Argentina, with a 69% share of total imports. Moreover, cocoa powder with sugar imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Ecuador (X kg) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.2% per year) and Ecuador (+57.7% per year).

In value terms, Italy ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Argentina, comprising 76% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Ecuador, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+29.3% per year) and Ecuador (+88.8% per year).

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the import price saw strong growth. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :