Report Update Nov 1, 2024

Hong Kong SAR, China - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Cocoa Powder Market 2024

Cocoa Powder Market Size in Hong Kong SAR, China

The Hong Kong cocoa powder market contracted to $X in 2022, dropping by -7.3% against the previous year. Overall, consumption recorded a slight reduction. Cocoa powder consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cocoa Powder Production in Hong Kong SAR, China

In value terms, cocoa powder production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a slight descent. The pace of growth was the most pronounced in 2017 with an increase of 49%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports from Hong Kong SAR, China

In 2022, the amount of cocoa powder (not sweetened) exported from Hong Kong SAR contracted remarkably to X tons, shrinking by -35.6% against 2021 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 446% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa powder exports contracted sharply to $X in 2022. Overall, exports recorded a pronounced descent. The growth pace was the most rapid in 2014 with an increase of 209% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cocoa powder exports from Hong Kong SAR, accounting for a 90% share of total exports. Moreover, cocoa powder exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +2.1%.

In value terms, China ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Hong Kong SAR, comprising 85% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -2.9%.

Export Prices by Country

In 2022, the average cocoa powder export price amounted to $X per ton, increasing by 5.1% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2015 an increase of 69%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (-2.4%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of cocoa powder (not sweetened) were imported into Hong Kong SAR; shrinking by -13.4% against the year before. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cocoa powder imports declined slightly to $X in 2022. Overall, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 40%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Singapore (X tons) and France (X tons) were the main suppliers of cocoa powder imports to Hong Kong SAR, with a combined 73% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +64.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Indonesia ($X) were the largest cocoa powder suppliers to Hong Kong SAR, with a combined 64% share of total imports.

Singapore, with a CAGR of +60.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price stood at $X per ton in 2022, rising by 11% against the previous year. Overall, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa powder (not sweetened) in the world?

The countries with the highest volumes of cocoa powder consumption in 2021 were China, the United States and Brazil, with a combined 32% share of global consumption. India, Malaysia, Indonesia, Nigeria, Russia, Pakistan, the UK and Germany lagged somewhat behind, together comprising a further 21%.

What are the largest producers of cocoa powder (not sweetened) in the world?

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 accounting for a further 36%.

What are the leading suppliers of cocoa powder (not sweetened) to Hong Kong SAR, China?

In value terms, Indonesia, Singapore and Malaysia constituted the largest cocoa powder suppliers to Hong Kong SAR, together accounting for 66% of total imports.

What are the leading importers of cocoa powder (not sweetened) from Hong Kong SAR, China?

In value terms, China emerged as the key foreign market for cocoa powder exports from Hong Kong SAR, comprising 80% of total exports. The second position in the ranking was occupied by Macao SAR, with a 17% share of total exports.

What is the average export price for cocoa powder (not sweetened) in Hong Kong SAR, China?

The average cocoa powder export price stood at $6,326 per ton in 2021, with an increase of 5.4% against the previous year.

What is the average import price for cocoa powder (not sweetened) in Hong Kong SAR, China?

In 2021, the average cocoa powder import price amounted to $4,110 per ton, surging by 2.3% against the previous year.

This report provides an in-depth analysis of the cocoa powder market in Hong Kong SAR, 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:

FCL 665 - Cocoa Powder and Cake

Country coverage:

Hong Kong SAR

Data coverage:

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

Reasons to buy this report:

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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
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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