Australia and Oceania: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Australia and Oceania

The cocoa powder with sugar market in Australia and Oceania amounted to $X in 2021, approximately equating the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Australia and Oceania

In value terms, cocoa powder with sugar production dropped to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2020, and then contracted modestly in the following year.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in Australia and Oceania

In 2021, approx. X tons of cocoa powder (containing added sugar) were exported in Australia and Oceania; with a decrease of -13.4% on 2020 figures. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 48% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports contracted to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was near 96% of total exports in 2021. New Zealand (X tons) held a minor share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of cocoa powder (containing added sugar). At the same time, New Zealand (+12.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +12.5% from 2012-2021. While the share of New Zealand (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-2.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest cocoa powder with sugar supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2019 an increase of 27% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.0%).

Imports of Cocoa Powder (Containing Added Sugar)

Imports in Australia and Oceania

In 2021, overseas purchases of cocoa powder (containing added sugar) were finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of 39%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cocoa powder with sugar imports declined modestly to $X in 2021. Over the period under review, imports, however, saw a pronounced decline. The growth pace was the most rapid in 2019 when imports increased by 11%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, New Zealand (X tons) represented the key importer of cocoa powder (containing added sugar), making up 62% of total imports. It was distantly followed by Australia (X tons) and Papua New Guinea (X tons), together constituting a 29% share of total imports. The following importers - New Caledonia (X tons), Samoa (X tons) and Fiji (X tons) - together made up 7.4% of total imports.

Imports into New Zealand increased at an average annual rate of +7.2% from 2012 to 2021. At the same time, Samoa (+9.5%), Papua New Guinea (+5.1%) and Fiji (+4.4%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.5% from 2012-2021. By contrast, New Caledonia (-2.8%) and Australia (-10.3%) illustrated a downward trend over the same period. New Zealand (+33 p.p.) and Papua New Guinea (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -31.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X), Australia ($X) and Papua New Guinea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 90% of total imports. These countries were followed by New Caledonia, Fiji and Samoa, which together accounted for a further 7.5%.

In terms of the main importing countries, Samoa, with a CAGR of +7.7%, recorded the highest growth rate of 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 2021, the import price in Australia and Oceania amounted to $X per ton, which is down by -7.8% against the previous year. Overall, the import price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2019 an increase of 18% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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