Australia and Oceania: Cocoa Powder Market 2024

Cocoa Powder Market Size in Australia and Oceania

The cocoa powder market in Australia and Oceania rose sharply to $X in 2022, surging by 11% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Cocoa Powder Production in Australia and Oceania

In value terms, cocoa powder production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 29%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cocoa Powder Exports

Exports in Australia and Oceania

In 2022, cocoa powder exports in Australia and Oceania surged to X tons, rising by 79% compared with the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 149% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa powder exports surged to $X in 2022. Overall, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 224%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Australia (X tons) was the major exporter of cocoa powder (not sweetened), achieving 73% of total exports. It was distantly followed by New Zealand (X tons), achieving a 20% share of total exports. Fiji (X tons) and Samoa (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of -1.2% from 2012 to 2022. At the same time, Samoa (+28.3%), Fiji (+10.7%) and New Zealand (+4.0%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +28.3% from 2012-2022. While the share of New Zealand (+6.3 p.p.), Fiji (+2.8 p.p.) and Samoa (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-10.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest cocoa powder supplier in Australia and Oceania, comprising 73% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 21% share of total exports. It was followed by Fiji, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at -3.1%. In the other countries, the average annual rates were as follows: New Zealand (+7.2% per year) and Fiji (+4.1% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, waning by -7.2% against the previous year. Over the period under review, the export price recorded a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of 42%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.0%), while the other leaders experienced a decline in the export price figures.

Cocoa Powder Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of cocoa powder (not sweetened) was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 16%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa powder imports soared to $X in 2022. Over the period under review, imports, however, saw a mild slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) was the main importer of cocoa powder (not sweetened), making up 85% of total imports. It was distantly followed by New Zealand (X tons), creating a 12% share of total imports.

Australia was also the fastest-growing in terms of the cocoa powder (not sweetened) imports, with a CAGR of +2.7% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. Australia (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -3.9% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported cocoa powder (not sweetened) in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -1.9%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 7.4% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when the import price increased by 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-2.0%).

Source: IndexBox Platform

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