Report Update Nov 1, 2024

China - Chocolate and Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends and Insights

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China: Chocolate Market 2024

Chocolate Exports

Exports from China

In 2022, approx. X tons of chocolate and other food preparations containing cocoa were exported from China; increasing by 107% on the previous year's figure. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 122% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, chocolate exports skyrocketed to $X in 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 113% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Indonesia (X tons) was the main destination for chocolate exports from China, with a 44% share of total exports. Moreover, chocolate exports to Indonesia exceeded the volume sent to the second major destination, Thailand (X tons), sixfold. The third position in this ranking was taken by Vietnam (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+40.8% per year) and Vietnam (+53.6% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for chocolate and other food preparations containing cocoa exports from China, comprising 32% of total exports. The second position in the ranking was held by the United States ($X), with an 8.1% share of total exports. It was followed by Thailand, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+66.8% per year) and Thailand (+32.4% per year).

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, with a decrease of -25.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 37%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into China

In 2022, after four years of growth, there was significant decline in overseas purchases of chocolate and other food preparations containing cocoa, when their volume decreased by -13.1% to X tons. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, chocolate imports shrank modestly to $X in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Belgium (X tons), Singapore (X tons) and Indonesia (X tons) were the main suppliers of chocolate imports to China, with a combined 69% share of total imports. These countries were followed by Thailand, Malaysia, France, Turkey and Italy, which together accounted for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +56.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate suppliers to China were Belgium ($X), Singapore ($X) and France ($X), together comprising 73% of total imports. These countries were followed by Malaysia, Turkey, Thailand, Indonesia and Italy, which together accounted for a further 14%.

Turkey, with a CAGR of +57.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, picking up by 12% against the previous year. In general, the import price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 34%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chocolate and other food preparations containing cocoa in the world?

The country with the largest volume of chocolate consumption was China, comprising approx. 17% of total volume. Moreover, chocolate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of chocolate and other food preparations containing cocoa in the world?

China remains the largest chocolate producing country worldwide, comprising approx. 17% of total volume. Moreover, chocolate production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the leading suppliers of chocolate and other food preparations containing cocoa to China?

In value terms, Belgium constituted the largest supplier of chocolate to China, comprising 50% of total imports. The second position in the ranking was occupied by Singapore, with a 14% share of total imports. It was followed by France, with a 10% share.

What are the leading importers of chocolate and other food preparations containing cocoa from China?

In value terms, the Philippines emerged as the key foreign market for chocolate exports from China, comprising 32% of total exports. The second position in the ranking was occupied by Taiwan Chinese), with an 11% share of total exports. It was followed by Indonesia, with an 11% share.

What is the average export price for chocolate and other food preparations containing cocoa in China?

The average chocolate export price stood at $3,444 per ton in 2020, rising by 18% against the previous year.

What is the average import price for chocolate and other food preparations containing cocoa in China?

The average chocolate import price stood at $4,420 per ton in 2020, growing by 3.1% against the previous year.

This report provides an in-depth analysis of the chocolate market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023