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

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

The Chilean cocoa powder with sugar market rose slightly to $X in 2021, growing by 4.3% against the previous year. In general, consumption, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2019 when the market value increased by 7.3% against the previous year. Cocoa powder with sugar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Chile

In value terms, cocoa powder with sugar production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild decline. The pace of growth appeared the most rapid in 2019 with an increase of 7.8% against the previous year. Cocoa powder with sugar production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Chile

In 2021, cocoa powder with sugar exports from Chile declined sharply to X tons, which is down by -39.6% on the previous year. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 10,450% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar exports fell significantly to $X in 2021. In general, exports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 6,355% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for cocoa powder with sugar exports from Chile, accounting for a 66% share of total exports. Moreover, cocoa powder with sugar exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. Venezuela (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+115.3% per year) and Venezuela (+22.5% per year).

In value terms, Ecuador ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from Chile, comprising 59% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 19% share of total exports. It was followed by Venezuela, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+130.4% per year) and Venezuela (+44.8% per year).

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2021, with an increase of 13% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 74%. 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 stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Ecuador ($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 Venezuela (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Chile

For the third year in a row, Chile recorded decline in purchases abroad of cocoa powder (containing added sugar), which decreased by -5.8% to X tons in 2021. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2015 when imports increased by 55% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa powder with sugar imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 132% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Peru (X tons), Spain (X tons) and Argentina (X tons) were the main suppliers of cocoa powder with sugar imports to Chile, together accounting for 48% of total imports. Sweden, Italy, the United States, Germany, the Netherlands, Canada and Brazil lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +279.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder with sugar suppliers to Chile were Canada ($X), Spain ($X) and Italy ($X), with a combined 42% share of total imports. These countries were followed by Sweden, the United States, Peru, Germany, Argentina, the Netherlands and Brazil, which together accounted for a further 36%.

Among the main suppliers, Sweden, with a CAGR of +236.2%, recorded 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

The average cocoa powder with sugar import price stood at $X per ton in 2021, increasing by 83% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Canada ($X per ton), while the price for Peru ($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 States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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