Pakistan: Cocoa Paste Market 2025

Cocoa Paste Market Size in Pakistan

The Pakistani cocoa paste market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Cocoa Paste Production in Pakistan

In value terms, cocoa paste production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 80%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Cocoa Paste Exports

Exports from Pakistan

In 2020, cocoa paste exports from Pakistan was estimated at X tons, almost unchanged from the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 32%. Over the period under review, the exports attained the maximum in 2020 and are likely to see gradual growth in the immediate term.

In value terms, cocoa paste exports stood at $X in 2020. In general, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 49%. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Gambia (X kg) was the main destination for cocoa paste exports from Pakistan, with a 96% share of total exports. Moreover, cocoa paste exports to Gambia exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Gambia was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Gambia was relatively modest.

Export Prices by Country

In 2020, the average cocoa paste export price amounted to $X per ton, flattening at the previous year. In general, the export price saw a slight shrinkage. The growth pace was the most rapid in 2015 an increase of 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Gambia stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-10.4%).

Cocoa Paste Imports

Imports into Pakistan

Cocoa paste imports into Pakistan surged to X tons in 2021, picking up by 26% compared with the previous year's figure. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 116%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cocoa paste imports surged to $X in 2021. In general, imports saw buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 128%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Ghana (X tons) constituted the largest supplier of cocoa paste to Pakistan, accounting for a 73% share of total imports. Moreover, cocoa paste imports from Ghana exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ghana amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+89.6% per year) and the Netherlands (+63.6% per year).

In value terms, Ghana ($X) constituted the largest supplier of cocoa paste to Pakistan, comprising 72% of total imports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Ghana stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+104.2% per year) and the Netherlands (+57.3% per year).

Import Prices by Country

The average cocoa paste import price stood at $X per ton in 2021, increasing by 5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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