Northern America: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Northern America

The North American cocoa powder with sugar market fell to $X in 2021, waning by -2.9% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Production of Cocoa Powder (Containing Added Sugar) in Northern America

In value terms, cocoa powder with sugar production shrank modestly to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.3% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped slightly in the following year.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in Northern America

In 2021, cocoa powder with sugar exports in Northern America skyrocketed to X tons, picking up by 26% compared with the previous year's figure. Overall, exports, however, showed a noticeable shrinkage. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cocoa powder with sugar exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States was the main exporter of cocoa powder (containing added sugar) in Northern America, with the volume of exports accounting for X tons, which was near 80% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 20% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cocoa powder with sugar exports from the United States stood at -2.3%. Canada (-2.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest cocoa powder with sugar supplier in Northern America, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, surging by 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2015 an increase of 12% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).

Imports of Cocoa Powder (Containing Added Sugar)

Imports in Northern America

In 2021, supplies from abroad of cocoa powder (containing added sugar) was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 7.2% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cocoa powder with sugar imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, amounting to X tons, which was near 95% of total imports in 2021. It was distantly followed by Canada (X tons), constituting a 5.2% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cocoa powder with sugar imports into the United States stood at -5.5%. Canada (-1.6%) illustrated a downward trend over the same period. While the share of Canada (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-1.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported cocoa powder (containing added sugar) in Northern America, comprising 78% of total imports. The second position in the ranking was held by Canada ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -8.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 14% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.1%).

Source: IndexBox Platform

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