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

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

In 2021, after four years of decline, there was significant growth in the Malaysian cocoa powder with sugar market, when its value increased by 35% to $X. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Malaysia

In value terms, cocoa powder with sugar production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14%. Cocoa powder with sugar production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Malaysia

In 2021, overseas shipments of cocoa powder (containing added sugar) decreased by -31.3% to X tons, falling for the second year in a row after three years of growth. In general, exports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 50%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports fell to $X in 2021. Over the period under review, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 23%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for cocoa powder with sugar exports from Malaysia, with a 49% share of total exports. Moreover, cocoa powder with sugar exports to Japan exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. Singapore (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-1.7% per year) and Singapore (-4.1% per year).

In value terms, Peru ($X), Japan ($X) and India ($X) were the largest markets for cocoa powder with sugar exported from Malaysia worldwide, together comprising 58% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +28.9%, recorded the highest growth rate of the value of exports, 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, rising by 26% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 33%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Japan ($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 Indonesia (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Malaysia

In 2021, cocoa powder with sugar imports into Malaysia contracted notably to X tons, reducing by -41.1% against 2020. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 263%. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, cocoa powder with sugar imports contracted rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 248%. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

Singapore (X tons), Thailand (X tons) and Australia (X tons) were the main suppliers of cocoa powder with sugar imports to Malaysia, with a combined 81% share of total imports. These countries were followed by Indonesia, Spain, Italy, Ghana, the United States and India, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +60.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Australia ($X) were the largest cocoa powder with sugar suppliers to Malaysia, together accounting for 74% of total imports. Italy, Spain, Indonesia, the United States, Ghana and India lagged somewhat behind, together comprising a further 16%.

Italy, with a CAGR of +69.6%, recorded 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 2021, the average cocoa powder with sugar import price amounted to $X per ton, rising by 7.1% against the previous year. In general, the import price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2014 when the average import price increased by 7.3% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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