Iran: Market for Cocoa Powder (Containing Added Sugar) 2024

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

After two years of decline, the Iranian cocoa powder with sugar market increased by 2.9% to $X in 2021. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Iran

In value terms, cocoa powder with sugar production rose slightly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Iran

In 2021, shipments abroad of cocoa powder (containing added sugar) increased by 34% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 4,447%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports amounted to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 1,946%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Azerbaijan (X tons), Oman (X tons) and Canada (X kg) were the main destinations of cocoa powder with sugar exports from Iran, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +225.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Canada ($X) and Azerbaijan ($X) appeared to be the largest markets for cocoa powder with sugar exported from Iran worldwide, together accounting for 94% of total exports.

Canada, with a CAGR of +210.9%, saw the highest growth rate of 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

In 2021, the average cocoa powder with sugar export price amounted to $X per ton, with a decrease of -18% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. 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 +9.3% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 97% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Azerbaijan ($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 Luxembourg (+120.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Iran

In 2021, approx. X tons of cocoa powder (containing added sugar) were imported into Iran; which is down by -70.2% compared with 2020 figures. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 407%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cocoa powder with sugar imports contracted markedly to $X in 2021. Overall, imports faced a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 372% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Thailand (X tons) and the United Arab Emirates (X tons) were the main suppliers of cocoa powder with sugar imports to Iran, together accounting for 49% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +298.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United Arab Emirates ($X) and Thailand ($X) appeared to be the largest cocoa powder with sugar suppliers to Iran, together comprising 50% of total imports.

Belgium, with a CAGR of +362.1%, 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 with sugar import price stood at $X per ton in 2021, growing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2019 when the average import price increased by 38% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+75.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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