South-Eastern Asia: Market for Cocoa Powder (Containing Added Sugar) 2025

Market Size for Cocoa Powder (Containing Added Sugar) in South-Eastern Asia

In 2021, the Southeast Asian cocoa powder with sugar market increased by 1.9% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 9.6% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in South-Eastern Asia

In value terms, cocoa powder with sugar production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 7.5% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in South-Eastern Asia

Cocoa powder with sugar exports rose modestly to X tons in 2021, surging by 1.7% on 2020 figures. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 32% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, cocoa powder with sugar exports expanded remarkably to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 38%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of cocoa powder (containing added sugar), namely Thailand, Malaysia, Indonesia and Singapore, represented more than two-thirds of total export. It was distantly followed by Vietnam (X tons), achieving a 5.3% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +71.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of exports in 2021, together accounting for 86% of total exports. Indonesia and Vietnam lagged somewhat behind, together accounting for a further 14%.

Among the main exporting countries, Vietnam, with a CAGR of +52.5%, recorded the highest rates of growth with regard to 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 export price in South-Eastern Asia amounted to $X per ton, growing by 3.7% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2016 when the export price increased by 6% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.7%), while the other leaders experienced a decline in the export price figures.

Imports of Cocoa Powder (Containing Added Sugar)

Imports in South-Eastern Asia

In 2021, purchases abroad of cocoa powder (containing added sugar) decreased by -16.6% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 26% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, cocoa powder with sugar imports reduced markedly to $X in 2021. In general, imports saw a mild contraction. The growth pace was the most rapid in 2013 when imports increased by 38%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons), Malaysia (X tons), Thailand (X tons) and Singapore (X tons) was the largest importer of cocoa powder (containing added sugar) in South-Eastern Asia, making up 79% of total import. It was distantly followed by Lao People's Democratic Republic (X tons) and the Philippines (X tons), together committing a 15% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 64% share of total imports. These countries were followed by Singapore, Lao People's Democratic Republic, Vietnam and the Philippines, which together accounted for a further 32%.

In terms of the main importing countries, Vietnam, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, flattening at the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa powder with sugar import price decreased by -13.9% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 59% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

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 Thailand ($X per ton), while Lao People's Democratic Republic ($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 (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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