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

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

In 2021, the Chinese cocoa powder with sugar market decreased by -5.3% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Cocoa powder with sugar consumption peaked at $X in 2020, and then declined in the following year.

Production of Cocoa Powder (Containing Added Sugar) in China

In value terms, cocoa powder with sugar production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 29%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from China

In 2021, cocoa powder with sugar exports from China skyrocketed to X tons, with an increase of 108% on the previous year's figure. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cocoa powder with sugar exports soared to $X in 2021. In general, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for cocoa powder with sugar exports from China, accounting for a 71% share of total exports. Moreover, cocoa powder with sugar exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Russia (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.9% per year) and Russia (+28.4% per year).

In value terms, the UK ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from China, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by Russia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.2% per year) and Russia (+29.9% per year).

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2021, picking up by 6.4% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa powder with sugar export price increased by +65.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the average price for exports to Ghana ($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 the United States (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into China

In 2021, purchases abroad of cocoa powder (containing added sugar) decreased by -43.4% to X tons, falling for the second consecutive year after five years of growth. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 207%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, cocoa powder with sugar imports dropped markedly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest cocoa powder with sugar supplier to China, accounting for a 56% share of total imports. Moreover, cocoa powder with sugar imports from Indonesia exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Malaysia (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +123.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+45.5% per year) and Malaysia (+15.2% per year).

In value terms, the largest cocoa powder with sugar suppliers to China were France ($X), Indonesia ($X) and the United States ($X), together comprising 75% of total imports. Vietnam, Malaysia and the UK lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Vietnam, with a CAGR of +113.6%, 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, rising by 28% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 45%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 Vietnam ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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