Market research

Chocolate and cocoa products market in MERCOSUR

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"MERCOSUR" region includes following countries:

Brazil

Argentina

Uruguay

Paraguay

Earlier Report Observations

The chocolate and cocoa products market in MERCOSUR experienced significant volume fluctuations from 2018 to 2023. After a decline to 29,565 t in 2019, the market size rebounded to 45,679 t in 2020 and reached a peak of 53,368 t in 2021. This growth was followed by a contraction to 34,551 t in 2022 and a further decrease to 30,052 t in 2023.

Domestic production showed a different trajectory, increasing from 41,163 t in 2018 to 48,986 t in 2021 before moderating. The divergence between production and apparent consumption was influenced by trade dynamics, with exports rising substantially in 2022 and 2023, while imports declined over the same period.

During these years, the market witnessed the entry of new product segments such as vegan, functional, and premium chocolates. Industry reports highlighted a growing focus on sustainability, traceability, and ethical certifications, which shaped product innovation and consumer preferences in the region.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in MERCOSUR
  1. 5.1.1. Annual dynamics of production in MERCOSUR in kind, 2018-2023, t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Brazil in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Brazil by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Brazil in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Brazil by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Brazil, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Brazil by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Brazil in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Brazil by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Brazil in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Brazil by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Brazil, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Brazil by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Brazil in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Brazil by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Brazil in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Brazil by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Brazil, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Brazil by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Brazil in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Brazil by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Brazil in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Brazil by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Brazil, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Brazil by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production chocolate and cocoa products in MERCOSUR

In kind, 2017-2020, t

Top producers of chocolate and cocoa products, 2017-2020

Source: SHEV.io

World map of production of chocolate and cocoa products, 2017-2020

Source: SHEV.io

In 2020, MERCOSUR produced 43,129 tons of chocolate and cocoa products, representing a 9.8% increase from the previous year. Over the 2017-2020 period, production grew by 11.6%, with an average annual growth rate of 3.7%. The most significant decline occurred in 2019, when production fell by 4.6%.

Annual dynamics of production in MERCOSUR in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.5%	(4.6%)	9.8%	3.7%

Source: SHEV.io

In value, 2017-2020, M $ US

MERCOSUR's chocolate and cocoa products production value declined for the second consecutive year. In 2020, output was valued at $359.7 million, a slight decrease of 2.1% compared to 2019. From 2017 to 2020, production value dropped by 6.5%, with an average annual decline of 2.2%. The peak value was recorded in 2018 at $449.9 million. The largest decrease occurred in 2019 with an 18.3% drop, while the biggest increase was in 2018 with 16.9% growth.

Annual dynamics of production in MERCOSUR in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.9%	(18.3%)	(2.1%)	(2.2%)

Source: SHEV.io

Exports chocolate and cocoa products from MERCOSUR

Exports in kind, t

Following two years of growth, MERCOSUR's chocolate and cocoa products export volume declined in 2020. Exports totaled 20,604 tons, representing a sharp 42.9% decrease from 2019. Between 2017 and 2020, exports fell by 22.8%, with an average annual decline of 8.3%. The highest export volume was recorded in 2019 at 36,102 tons, while the largest increase occurred in 2018 with 30.0% growth.

Annual dynamics of product's exports from MERCOSUR in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.0%	4.1%	(42.9%)	(8.3%)

Source: SHEV.io

From 2017 to 2020, MERCOSUR's chocolate and cocoa products exports were widely distributed across partner countries. Bolivia accounted for 11.2% of exports, Chile for 9.1%, and the United States for 3.2%. Together, these three countries represented just 23.5% of total export flows, indicating a highly diversified export market.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from MERCOSUR in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

MERCOSUR's chocolate and cocoa products export value declined for the second consecutive year. In 2020, exports amounted to $155.8 million, a significant 17.4% decrease from the previous year. Between 2017 and 2020, export value fell by 21.9%, equivalent to an average annual decline of 7.9%. The peak value was recorded in 2018 at $203.9 million, while the largest increase occurred that same year with 2.2% growth.

Annual dynamics of product's exports from MERCOSUR in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.2%	(7.5%)	(17.4%)	(7.9%)

Source: SHEV.io

The country composition of MERCOSUR's chocolate and cocoa products exports in value terms from 2017 to 2020 showed considerable dispersion. Chile accounted for 7.3% of export value, Bolivia for 6.9%, and Colombia for 4.2%. Together, these three countries represented only 18.4% of total export flows, with the remaining 81.6% distributed among numerous other destinations.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from MERCOSUR in value, 2017-2020

Source: SHEV.io

Imports chocolate and cocoa products to MERCOSUR

Imports in kind, t

MERCOSUR's chocolate and cocoa products import volume declined for the second consecutive year. In 2020, imports totaled 20,604 tons, representing a 12.3% decrease from 2019. Over the 2017-2020 period, imports fell by 28.9%, with an average annual decline of 10.8%. The highest import volume was recorded in 2018 at 36,396 tons. The largest decrease occurred in 2019 with a 27.5% drop, while the biggest increase was in 2018 with 11.7% growth.

Annual dynamics of product's imports to MERCOSUR in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.7%	(27.5%)	(12.3%)	(10.8%)

Source: SHEV.io

From 2017 to 2020, no single market dominated MERCOSUR's chocolate and cocoa products imports. The United States accounted for 11.1% of import volume, Italy for 8.2%, and Belgium for 6.8%. Together, these three countries represented only 26.1% of total imports, with many smaller partners each holding modest individual shares.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to MERCOSUR in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

MERCOSUR's chocolate and cocoa products import value declined for the second consecutive year. In 2020, imports amounted to $198.8 million, marking a substantial 16.4% decrease from the previous year. Between 2017 and 2020, import value fell by 22.2%, with an average annual decline of 8.0%. The peak value was recorded in 2018 at $291.2 million. The largest decrease occurred in 2019 with an 18.3% drop, while the biggest increase was in 2018 with 14.0% growth.

Annual dynamics of product's imports to MERCOSUR in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.0%	(18.3%)	(16.4%)	(8.0%)

Source: SHEV.io

From 2017 to 2020, MERCOSUR's chocolate and cocoa products import partners were highly diverse in value terms. The United States accounted for 7.8% of import value, Switzerland for 7.4%, and Italy for 7.1%. Together, these three countries represented only 22.3% of total import flows, with the remaining 77.7% coming from numerous other countries.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to MERCOSUR in value, 2017-2020

Source: SHEV.io