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Report World - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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Global Cocoa Powder Market 2024

Cocoa Powder Market Size

The global cocoa powder market rose to $X in 2022, picking up by 3.6% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 6.8%. Global consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Cocoa Powder Production

In value terms, cocoa powder production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 9.1%. Over the period under review, global production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cocoa Powder Exports

Exports

In 2022, after ten years of growth, there was significant decline in overseas shipments of cocoa powder (not sweetened), when their volume decreased by -5.5% to X tons. The total export volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 7.9% against the previous year. The global exports peaked at X tons in 2021, and then declined in the following year.

In value terms, cocoa powder exports dropped modestly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. The global exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Malaysia (X tons), Germany (X tons), Indonesia (X tons), Ghana (X tons) and Spain (X tons) represented the main exporters of cocoa powder (not sweetened), together mixing up 72% of total exports. The following exporters - Singapore (X tons), France (X tons), Cote d'Ivoire (X tons), the United States (X tons), Brazil (X tons) and Turkey (X tons) - together made up 18% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +13.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest cocoa powder supplier worldwide, comprising 27% of global exports. The second position in the ranking was held by Germany ($X), with an 11% share of global exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at -2.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.8% per year) and Malaysia (-3.3% per year).

Export Prices by Country

In 2022, the average cocoa powder export price amounted to $X per ton, surging by 3.5% against the previous year. In general, the export price, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the other global leaders experienced mixed trends in the export price figures.

Cocoa Powder Imports

Imports

Global cocoa powder imports totaled X tons in 2022, leveling off at 2021. The total import volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 9%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cocoa powder imports expanded significantly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 21%. Global imports peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, the United States (X tons), followed by the Netherlands (X tons), China (X tons), Russia (X tons) and India (X tons) represented the largest importers of cocoa powder (not sweetened), together making up 31% of total imports. France (X tons), Italy (X tons), Germany (X tons), Turkey (X tons), Algeria (X tons), Indonesia (X tons), the Philippines (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +19.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together comprising 23% of global imports. India, Russia, Germany, France, Italy, Turkey, Indonesia, Canada, the Philippines and Algeria lagged somewhat behind, together comprising a further 33%.

India, with a CAGR of +15.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, with an increase of 5.8% against the previous year. In general, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 15%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-2.9%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of cocoa powder consumption in 2021 were China, the United States and Brazil, together accounting for 32% of global consumption. These countries were followed by India, Malaysia, Indonesia, Nigeria, Russia, Pakistan, the UK and Germany, which together accounted for a further 21%.
The countries with the highest volumes of cocoa powder production in 2021 were China, the Netherlands and the United States, with a combined 31% share of global production. Brazil, Indonesia, Malaysia, India, Germany, Spain, Nigeria, Ghana, Cote d'Ivoire and Pakistan lagged somewhat behind, together comprising a further 36%.
In value terms, the Netherlands remains the largest cocoa powder supplier worldwide, comprising 33% of global exports. The second position in the ranking was occupied by Germany, with a 12% share of global exports. It was followed by Spain, with an 8.2% share.
In value terms, the largest cocoa powder importing markets worldwide were the United States, the Netherlands and Russia, together accounting for 22% of global imports. Germany, France, Italy, China, Belgium, India, Brazil, Turkey, Canada and the Philippines lagged somewhat behind, together accounting for a further 34%.
In 2021, the average cocoa powder export price amounted to $2,699 per ton, rising by 12% against the previous year.
The average cocoa powder import price stood at $2,712 per ton in 2021, increasing by 9.4% against the previous year.

This report provides an in-depth analysis of the global cocoa powder market. 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:

  • FCL 665 - Cocoa Powder and Cake

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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