Market research

Cocoa powder and cake market in Americas

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Americas" region includes following countries:

Bermuda

Canada

Greenland

Saint Pierre and Miquelon

the United States

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The cocoa powder and cake market volume in the Americas experienced fluctuations between 2018 and 2023. After a decline to 511 thousand tonnes in 2020, volume rebounded sharply to 596 thousand tonnes in 2021, then fell again to 473 thousand tonnes in 2023. Global supply shortages, driven by crop diseases like Cocoa Swollen Shoot Virus in West Africa and extreme weather events, reduced cocoa bean availability and raised raw material costs, constraining market volume growth.

Major companies such as Barry Callebaut and Cargill invested in production capacity and sustainability initiatives to mitigate supply challenges. Consumer demand remained robust for premium, organic, and health-focused cocoa products, particularly in bakery applications and for dark chocolate variants. This shift in preferences helped sustain market value, with record-high cocoa prices in 2024 further highlighting ongoing supply pressures.

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 Americas
  1. 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K 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 cocoa powder and cake in Americas

In kind, 2017-2020, K t

Top producers of cocoa powder and cake, 2017-2020

Source: SHEV.io

World map of production of cocoa powder and cake, 2017-2020

Source: SHEV.io

Cocoa powder and cake production in the Americas declined for the second consecutive year. In 2020, production reached 452.5 K t, down 3.0% from 2019. The highest production level was recorded in 2018 at 467.3 K t, which represented a 4.7% increase from the previous year.

Annual dynamics of production in Americas in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.7%	(0.2%)	(3.0%)	0.5%

Source: SHEV.io

In value, 2017-2020, M $ US

Cocoa powder and cake production in the Americas declined for the second consecutive year. In 2020, the output was valued at 1 255 M $ US, a 21.1% decrease from 2019. Over the period from 2017 to 2020, production fell by 12%, with a compound annual growth rate of 4.2%. The peak value was recorded in 2018 at 1 652 M $ US, marking a 15.8% increase from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.8%	(3.7%)	(21.1%)	(4.2%)

Source: SHEV.io

Exports cocoa powder and cake from Americas

Exports in kind, K t

Cocoa powder and cake exports from the Americas increased for the second consecutive year. In 2020, exports totaled 45.2 K t, a significant 37.6% rise from the previous year. Between 2017 and 2020, exports grew by 19.1%, equivalent to an annualized rate of 6.0%. The lowest export volume was recorded in 2018 at 29.7 K t, which represented a 21.7% decline from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(21.7%)	10.5%	37.6%	6.0%

Source: SHEV.io

From 2017 to 2020, the Netherlands, Australia, and Spain were the leading destinations for cocoa powder and cake exports from the Americas in volume terms. The Netherlands accounted for 7.1% of exports, Australia for 1.8%, and Spain for 1.3%, together representing 10.2% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Cross-border shipments of cocoa powder and cake from the Americas increased for the second consecutive year. In 2020, export value reached 125.3 M $ US, a robust 12.0% improvement from the previous year. Over the period from 2017 to 2020, exports grew by 3.3%, with a compound annual growth rate of 1.1%. The lowest export value was recorded in 2018 at 105.0 M $ US, which marked a 13.4% decline from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.4%)	6.6%	12.0%	1.1%

Source: SHEV.io

Data from 2017 to 2020 show that exports of cocoa powder and cake from the Americas in value terms were not concentrated on a few key destinations. The Netherlands accounted for 8.2% of exports, Australia for 2.7%, and Turkey for 0.8%, together representing just 11.8% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports cocoa powder and cake to Americas

Imports in kind, K t

After a two-year decrease, cocoa powder and cake imports to the Americas increased. In 2020, imports totaled 103.8 K t, a 25.4% gain from 2019. Between 2017 and 2020, imports decreased by 22.9%, equivalent to an annualized rate of 8.3%. The lowest import volume was recorded in 2019 at 82.8 K t, which followed a 22.4% decline in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(22.4%)	(20.8%)	25.4%	(8.3%)

Source: SHEV.io

From 2017 to 2020, imports of cocoa powder and cake to the Americas in volume terms relied on a wide range of partner countries. Indonesia accounted for 11.0% of imports, the Netherlands for 10.3%, and Malaysia for 8.3%, together representing 29.6% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Cocoa powder and cake imports to the Americas reached 307.3 M $ US in 2020, a steep 37.5% improvement from the previous year. Between 2017 and 2020, imports increased by 13.5%, equivalent to an annualized rate of 4.3%. The lowest import value was recorded in 2019 at 223.5 M $ US, which represented a 20.6% decline from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.0%	(20.6%)	37.5%	4.3%

Source: SHEV.io

From 2017 to 2020, imports of cocoa powder and cake to the Americas in value terms were distributed across a wide set of partner countries. The Netherlands accounted for 12.1% of imports, Indonesia for 8.2%, and Malaysia for 8.1%, together representing just 28.5% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io