Report Update Nov 1, 2024

Sri Lanka - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Sri Lanka

The Sri Lankan cocoa powder with sugar market surged to $X in 2021, with an increase of 20% against the previous year. In general, consumption, however, recorded a slight decrease. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Sri Lanka

In value terms, cocoa powder with sugar production soared to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible decrease. Cocoa powder with sugar production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Sri Lanka

For the sixth consecutive year, Sri Lanka recorded decline in shipments abroad of cocoa powder (containing added sugar), which decreased by -40.1% to X tons in 2021. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 19%. Over the period under review, the exports reached the peak figure 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 skyrocketed to $X in 2021. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2013 with an increase of 44%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Maldives (X tons) was the main destination for cocoa powder with sugar exports from Sri Lanka, accounting for a 97% share of total exports. It was followed by Oman (X kg), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Maldives stood at -40.3%.

In value terms, Maldives ($X) emerged as the key foreign market for cocoa powder (containing added sugar) exports from Sri Lanka, comprising 98% of total exports. The second position in the ranking was taken by Oman ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives stood at -41.5%.

Export Prices by Country

In 2021, the average cocoa powder with sugar export price amounted to $X per ton, with an increase of 108% against the previous year. In general, the export price, however, saw a pronounced slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Oman amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+44.5%).

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Sri Lanka

In 2021, supplies from abroad of cocoa powder (containing added sugar) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa powder with sugar imports surged to $X in 2021. In general, imports, however, recorded a perceptible slump. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest cocoa powder with sugar supplier to Sri Lanka, with a 18% share of total imports. Moreover, cocoa powder with sugar imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. India (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +77.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+14.0% per year) and India (+91.4% per year).

In value terms, the UK ($X), Malaysia ($X) and Indonesia ($X) were the largest cocoa powder with sugar suppliers to Sri Lanka, with a combined 50% share of total imports. These countries were followed by Canada, Italy and India, which together accounted for a further 15%.

Among the main suppliers, India, with a CAGR of +73.6%, recorded the highest rates of growth with regard to 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 average cocoa powder with sugar import price stood at $X per ton in 2021, reducing by -74.6% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 128%. As a result, import price reached the peak level of $X per ton, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($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 (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa powder (containing added sugar) in the world?

The countries with the highest volumes of cocoa powder with sugar consumption in 2021 were China, the United States and India, together comprising 30% of global consumption. Japan, Germany, Pakistan, Indonesia, Brazil, Bangladesh, Spain, Nigeria, the UK and Mexico lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of cocoa powder (containing added sugar) in the world?

China remains the largest cocoa powder with sugar producing country worldwide, accounting for 15% of total volume. Moreover, cocoa powder with sugar production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6% share.

What are the leading suppliers of cocoa powder (containing added sugar) to Sri Lanka?

In value terms, the largest cocoa powder with sugar suppliers to Sri Lanka were the UK, Malaysia and Canada, with a combined 89% share of total imports. These countries were followed by Italy and India, which together accounted for a further 9.9%.

What are the leading importers of cocoa powder (containing added sugar) from Sri Lanka?

In value terms, Chile and Australia constituted the largest markets for cocoa powder with sugar exported from Sri Lanka worldwide.

What is the average export price for cocoa powder (containing added sugar) in Sri Lanka?

In 2021, the average cocoa powder with sugar export price amounted to $4,256 per ton, rising by 155% against the previous year.

What is the average import price for cocoa powder (containing added sugar) in Sri Lanka?

The average cocoa powder with sugar import price stood at $4,159 per ton in 2021, rising by 60% against the previous year.

This report provides an in-depth analysis of the market for cocoa powder with sugar in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023