Pakistan: Cocoa Powder Market 2024

Cocoa Powder Market Size in Pakistan

The Pakistani cocoa powder market was estimated at $X in 2022, with an increase of 7.2% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.4% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cocoa Powder Production in Pakistan

In value terms, cocoa powder production expanded significantly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 81%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cocoa Powder Exports

Exports from Pakistan

In 2022, the amount of cocoa powder (not sweetened) exported from Pakistan soared to X kg, jumping by 48% on the year before. Overall, exports continue to indicate a pronounced increase. The growth pace was the most rapid in 2019 when exports increased by 278%. Over the period under review, the exports attained the peak figure at X kg in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cocoa powder exports surged to $X in 2022. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2019 when exports increased by 332%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X kg), Guinea (X kg) and Mozambique (X kg) were the main destinations of cocoa powder exports from Pakistan, with a combined 96% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of +51.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Guinea ($X) and South Africa ($X) constituted the largest markets for cocoa powder exported from Pakistan worldwide, together comprising 95% of total exports.

Among the main countries of destination, Guinea, with a CAGR of +51.0%, 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 2022, the average cocoa powder export price amounted to $X per ton, waning by -5.1% against the previous year. Overall, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2014 an increase of 68% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Mozambique ($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 the United States (+10.7%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into Pakistan

Cocoa powder imports into Pakistan reduced to X tons in 2022, shrinking by -6.1% compared with the previous year's figure. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 112% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, cocoa powder imports rose rapidly to $X in 2022. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 28%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of cocoa powder imports to Pakistan, together accounting for 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +35.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and China ($X) were the largest cocoa powder suppliers to Pakistan, together accounting for 96% of total imports.

Indonesia, with a CAGR of +27.8%, saw the highest growth rate of 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 import price stood at $X per ton in 2022, picking up by 21% against the previous year. In general, the import price, however, recorded a noticeable setback. The growth pace was the most rapid in 2015 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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