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

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

In 2021, the Colombian cocoa powder with sugar market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a pronounced contraction. Cocoa powder with sugar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Colombia

In value terms, cocoa powder with sugar production expanded to $X in 2021 estimated in export price. In general, production, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 35% 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 Colombia

In 2021, approx. X tons of cocoa powder (containing added sugar) were exported from Colombia; with a decrease of -3.2% compared with the previous year. Over the period under review, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 54%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports expanded markedly to $X in 2021. Overall, exports recorded a dramatic decrease. The growth pace was the most rapid in 2017 with an increase of 43%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons), Japan (X tons) and the United States (X tons) were the main destinations of cocoa powder with sugar exports from Colombia, with a combined 82% share of total exports. These countries were followed by Spain, Venezuela, the UK, Russia and Ecuador, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +14.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Panama ($X) and Japan ($X) constituted the largest markets for cocoa powder with sugar exported from Colombia worldwide, with a combined 76% share of total exports. Spain, Venezuela, the UK, Russia and Ecuador lagged somewhat behind, together comprising a further 20%.

Spain, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2021, picking up by 9% against the previous year. In general, the export price, however, saw a mild contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 27%. 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Panama ($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 Peru (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Colombia

In 2021, approx. X tons of cocoa powder (containing added sugar) were imported into Colombia; rising by 74% on the previous year. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 164%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, cocoa powder with sugar imports soared to $X in 2021. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 139% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of cocoa powder with sugar to Colombia, with a 96% share of total imports. It was followed by Ecuador (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +38.6%.

In value terms, the United States ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Colombia, comprising 97% of total imports. The second position in the ranking was held by Ecuador ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +29.3%.

Import Prices by Country

In 2021, the average cocoa powder with sugar import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while the price for Ecuador amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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