China: Cocoa Paste Market 2025

Cocoa Paste Market Size in China

After three years of growth, the Chinese cocoa paste market decreased by -4.3% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. Cocoa paste consumption peaked at $X in 2020, and then reduced modestly in the following year.

Cocoa Paste Production in China

In value terms, cocoa paste production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 19%. Cocoa paste production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Cocoa Paste Exports

Exports from China

Cocoa paste exports from China declined rapidly to X tons in 2021, which is down by -60% compared with the previous year's figure. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 340% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, cocoa paste exports fell rapidly to $X in 2021. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 232% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), Uruguay (X tons) and Malaysia (X tons) were the main destinations of cocoa paste exports from China, with a combined 91% share 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 Indonesia (with a CAGR of +178.8%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for cocoa paste exports from China, comprising 58% of total exports. The second position in the ranking was held by Uruguay ($X), with a 26% share of total exports. It was followed by Malaysia, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at +211.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+11.9% per year) and Malaysia (+23.4% per year).

Export Prices by Country

The average cocoa paste export price stood at $X per ton in 2021, surging by 19% against the previous year. Overall, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 43%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per ton) and Sri Lanka ($X per ton), while the average price for exports to Spain ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Paste Imports

Imports into China

After two years of decline, supplies from abroad of cocoa paste increased by 25% to X tons in 2021. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Ghana (X tons) and Malaysia (X tons) were the main suppliers of cocoa paste imports to China, together comprising 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +27.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of cocoa paste to China, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total imports. It was followed by Ghana, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia totaled +35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.2% per year) and Ghana (+10.5% per year).

Import Prices by Country

The average cocoa paste import price stood at $X per ton in 2021, rising by 12% against the previous year. In general, the import price, however, recorded a slight reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, 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 Indonesia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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