Chile: Cocoa Paste Market 2025

Cocoa Paste Market Size in Chile

The Chilean cocoa paste market amounted to $X in 2021, almost unchanged from the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.3% against 2018 indices. Cocoa paste consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cocoa Paste Production in Chile

In value terms, cocoa paste production shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.5% against 2018 indices. The growth pace was the most rapid in 2017 when the production volume increased by 64%. Cocoa paste production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Cocoa Paste Exports

Exports from Chile

In 2021, after three years of growth, there was significant decline in shipments abroad of cocoa paste, when their volume decreased by -35.2% to X tons. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 803% against the previous year. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, cocoa paste exports reduced rapidly to $X in 2021. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 847% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Australia (X tons) was the main destination for cocoa paste exports from Chile, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +21.0%.

In value terms, Australia ($X) also remains the key foreign market for cocoa paste exports from Chile.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +21.0%.

Export Prices by Country

In 2021, the average cocoa paste export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to 0.0% per year.

Cocoa Paste Imports

Imports into Chile

In 2021, the amount of cocoa paste imported into Chile soared to X tons, with an increase of 34% compared with 2020 figures. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa paste imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.4% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ecuador (X tons), Brazil (X tons) and Cote d'Ivoire (X tons) were the main suppliers of cocoa paste imports to Chile, together accounting for 91% of total imports. These countries were followed by Malaysia and Spain, which together accounted for a further 5%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +95.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa paste suppliers to Chile were Ecuador ($X), Brazil ($X) and Cote d'Ivoire ($X), together accounting for 91% of total imports. These countries were followed by Malaysia and Spain, which together accounted for a further 4.8%.

Among the main suppliers, Spain, with a CAGR of +121.9%, saw the highest rates of growth with regard to 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 average cocoa paste import price amounted to $X per ton, growing by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2014 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and Cote d'Ivoire ($X per ton), while the price for Malaysia ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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