Kazakhstan: Cocoa Powder Market 2024

Cocoa Powder Market Size in Kazakhstan

After two years of growth, the Kazakh cocoa powder market decreased by -18.6% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then reduced sharply in the following year.

Cocoa Powder Production in Kazakhstan

In value terms, cocoa powder production totaled $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 17% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports from Kazakhstan

In 2022, approx. X tons of cocoa powder (not sweetened) were exported from Kazakhstan; rising by 43% on the previous year's figure. In general, exports posted prominent growth. The growth pace was the most rapid in 2019 with an increase of 111% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, cocoa powder exports soared to $X in 2022. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 112%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Russia (X tons) was the main destination for cocoa powder exports from Kazakhstan, with a 74% share of total exports. Moreover, cocoa powder exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), fourfold. Kyrgyzstan (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+22.6% per year) and Kyrgyzstan (+1.2% per year).

In value terms, Russia ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Kazakhstan, comprising 76% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total exports. It was followed by Kyrgyzstan, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+29.1% per year) and Kyrgyzstan (-1.4% per year).

Export Prices by Country

The average cocoa powder export price stood at $X per ton in 2022, rising by 9.9% against the previous year. In general, the export price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2020 an increase of 18%. Over the period under review, the average export prices reached the peak figure 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 for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into Kazakhstan

In 2022, cocoa powder imports into Kazakhstan shrank to X tons, with a decrease of -13% against the year before. In general, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 195% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cocoa powder imports contracted to $X in 2022. Overall, imports, however, continue to indicate a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of 172% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

The Netherlands (X tons), Russia (X tons) and China (X tons) were the main suppliers of cocoa powder imports to Kazakhstan, together accounting for 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +44.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Russia ($X) and Turkey ($X) were the largest cocoa powder suppliers to Kazakhstan, with a combined 83% share of total imports.

The Netherlands, with a CAGR of +37.6%, 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

In 2022, the average cocoa powder import price amounted to $X per ton, surging by 6.6% against the previous year. Overall, the import price, however, saw a pronounced contraction. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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