Southern Asia: Cocoa Paste Market 2024

Cocoa Paste Market Size in Southern Asia

The South Asian cocoa paste market stood at $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cocoa Paste Production in Southern Asia

In value terms, cocoa paste production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cocoa Paste Exports

Exports in Southern Asia

In 2022, shipments abroad of cocoa paste decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, saw slight growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa paste exports shrank notably to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) was the key exporter of cocoa paste, making up X% of total exports. Sri Lanka (X tons) took the second position in the ranking, followed by Pakistan (X tons). All these countries together took near X% share of total exports.

India was also the fastest-growing in terms of the cocoa paste exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest cocoa paste supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

In India, cocoa paste exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Cocoa Paste Imports

Imports in Southern Asia

In 2022, purchases abroad of cocoa paste increased by X% to X tons, rising for the second year in a row after three years of decline. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, cocoa paste imports soared to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

India represented the key importer of cocoa paste in Southern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Pakistan (X tons) ranks second in terms of the total imports with an X% share, followed by Bangladesh (X%). Sri Lanka (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Sri Lanka (X%), Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Pakistan (X p.p.), Bangladesh (X p.p.) and Sri Lanka (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported cocoa paste in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

In India, cocoa paste imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price saw a pronounced downturn. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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