Bangladesh: Market for Cocoa Powder (Containing Added Sugar) 2024

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

The Bangladeshi cocoa powder with sugar market rose slightly to $X in 2021, with an increase of 2.5% against the previous year. Overall, consumption, however, saw a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Bangladesh

In value terms, cocoa powder with sugar production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of 20%. Cocoa powder with sugar production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Bangladesh

In 2021, cocoa powder with sugar exports from Bangladesh declined sharply to X tons, dropping by -27.9% on the previous year. Overall, exports, however, recorded notable growth. The most prominent rate of growth was recorded in 2016 when exports increased by 974% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 1,278%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Mongolia (X kg), the Netherlands (X kg) and Singapore (X kg) were the main destinations of cocoa powder with sugar exports from Bangladesh, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mongolia (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Mongolia ($X) and Singapore ($X) appeared to be the largest markets for cocoa powder with sugar exported from Bangladesh worldwide, together comprising 60% of total exports.

The Netherlands, with a CAGR of 0.0%, saw the highest growth rate of 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

In 2021, the average cocoa powder with sugar export price amounted to $X per ton, surging by 63% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 410% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Mauritius ($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 Singapore (+5.8%), while the prices for the other major destinations experienced a decline.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Bangladesh

Cocoa powder with sugar imports into Bangladesh soared to X tons in 2021, rising by 82% compared with the previous year's figure. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 208% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar imports surged to $X in 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 423%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest cocoa powder with sugar supplier to Bangladesh, with a 30% share of total imports. Moreover, cocoa powder with sugar imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +84.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+32.8% per year) and Malaysia (+51.7% per year).

In value terms, the United States ($X), the UK ($X) and Malaysia ($X) appeared to be the largest cocoa powder with sugar suppliers to Bangladesh, together comprising 49% of total imports.

The United States, with a CAGR of +108.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2021, picking up by 7.9% against the previous year. In general, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 72% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average 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 the United Arab Emirates ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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