Market research

Cocoa powder and cake market in Asia

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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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

Supported by Indonesia's strategic position as Asia's primary cocoa producer and processor, and by policy initiatives to rebalance the cocoa supply chain toward regional growers, the Asian cocoa powder and cake market volume grew to 661 thousand tons in 2019. This was followed by a contraction to 499 thousand tons in 2020.

The market entered a phase of steady recovery from 2021, expanding to 611 thousand tons in 2021, 649 thousand tons in 2022, and reaching 681 thousand tons in 2023.

In 2024, a dramatic spike in global cocoa prices, triggered by unfavorable weather conditions in West Africa which constrained worldwide supply, increased demand for Asian-sourced cocoa. This was accompanied by Cargill's launch of a new processing line in Indonesia in October 2024 to cater to growing regional demand in bakery, ice cream, confectionery, and beverage segments, while rising consumer preference for quality chocolate products further influenced the market dynamics.

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. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia 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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K 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 China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China 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 China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China 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, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K 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 China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China 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 China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China 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, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K 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 China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China 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 China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China 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, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K 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 China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China 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 China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China 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 Asia

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

Asia's production of cocoa powder and cake has grown for the third year in a row. In 2020, the region produced 602.2 thousand tons, remaining nearly unchanged from 2019. Looking at the period from 2017 to 2020, production rose by 21.4%, which translates to an average annual growth rate of 6.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.0%	4.3%	0.3%	6.7%

Source: SHEV.io

In value, 2017-2020, M $ US

Asia's cocoa powder and cake production value has increased for the second consecutive year. In 2020, output was valued at 3 271 million US dollars, showing a significant year-on-year rise of 13.6%. From 2017 to 2020, production value grew by 11.4%, with a compound annual growth rate of 3.7%. The lowest value was in 2018 at 2 810 million US dollars, which also saw the largest decline of 4.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.3%)	2.5%	13.6%	3.7%

Source: SHEV.io

Exports cocoa powder and cake from Asia

Exports in kind, K t

The market exhibited volatility during these years. Export volumes hit their lowest point in 2019 at 149.9 thousand tons and peaked in 2020 at 272.1 thousand tons, with a 1.8-fold difference between these extremes. In 2020, exports from Asia surged by 81.5% compared to the previous year. The largest decline occurred in 2019, dropping by 28.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.3%	(28.7%)	81.5%	11.5%

Source: SHEV.io

From 2017 to 2020, Asia's cocoa powder and cake exports reached numerous markets, with even the top destinations—the United States, Brazil, and Russia—making up just 15.8% of total export volumes combined.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Asia's cocoa powder and cake export value has risen for the second year in a row. In 2020, exports totaled 794.5 million US dollars, marking a substantial 17.1% increase from 2019. Over the 2017-2020 period, export value grew by 6.9%, with an average annual rate of 2.2%. The lowest value was recorded in 2018 at 675.5 million US dollars, which also experienced the largest decline of 9.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.1%)	0.4%	17.1%	2.2%

Source: SHEV.io

Between 2017 and 2020, export values were spread across a wide range of partner countries. The United States (6.7% of export value), Australia (4.9%), and Brazil (3.7%) together accounted for only 15.3% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports cocoa powder and cake to Asia

Imports in kind, K t

Asia's imports of cocoa powder and cake have declined for the second consecutive year. In 2020, imports stood at 168.5 thousand tons, reflecting a 20.1% decrease from the previous year. From 2017 to 2020, import volumes fell by 6.7%, with an average annual decline of 2.3%. The highest volume was in 2018 at 225.5 thousand tons, which also saw the largest increase of 24.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	24.9%	(6.4%)	(20.1%)	(2.3%)

Source: SHEV.io

Data from 2017 to 2020 show that Asia's cocoa powder and cake imports in volume terms were not heavily concentrated. The Netherlands (14.4% of import volumes), Ghana (3.6%), and Germany (2.9%) together made up just 20.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

Following a two-year decline, Asia's cocoa powder and cake import value has rebounded. In 2020, imports reached 768.2 million US dollars, showing a 10.9% increase from 2019. Between 2017 and 2020, import value rose by 4.9%, equivalent to an annualized rate of 1.6%. The lowest value was in 2019 at 692.6 million US dollars, which also recorded the largest decline of 4.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.0%)	(4.5%)	10.9%	1.6%

Source: SHEV.io

Over the 2017-2020 period, import values were distributed across many countries, with no single partner dominating. The Netherlands (16.9% of import value), Germany (3.4%), and Ghana (2.7%) together accounted for just 23.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io