Cocoa powder and cake market in Australia and New Zealand

Earlier Report Observations

The cocoa powder and cake market in Australia and New Zealand fluctuated in volume between 2018 and 2023. Starting at 34 857 metric tons in 2018, it contracted by 12% the following year to 30 645 metric tons. Consumption then stabilized around 30 655–30 814 metric tons through 2021, before climbing 6% to 32 672 metric tons in 2022. The period ended with a 7.5% drop in 2023, bringing the market to 30 219 metric tons.

The growth in 2022 was primarily driven by rising health consciousness among consumers, which boosted demand for bakery products containing cocoa powder. Concurrently, the expansion of e-commerce channels made these products more accessible to buyers. On the supply side, Barry Callebaut's enlargement of its Melbourne factory indicated increased local production capacity, although domestic output remained steady that year.

Production cocoa powder and cake in Australia and New Zealand

In kind, 2018-2021, t

Top producers of cocoa powder and cake, 2018-2021

World map of production of cocoa powder and cake, 2018-2021

Cocoa powder and cake production in Australia and New Zealand has increased for the third consecutive year. In 2021, production reached 13 415 tonnes, marking a robust 19.9% increase compared to 2020. Looking at the period from 2018 to 2021, production grew by 107.5%, which translates to an annualized growth rate of 27.5%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, t

Exports cocoa powder and cake from Australia and New Zealand

Exports in kind, t

The data shows irregular changes, indicating a volatile market environment. The lowest export volume was recorded in 2020 at 194 tonnes, while the peak occurred in 2018, resulting in a 2.1-fold variation between these years. In 2021, exports from Australia and New Zealand reached 349 tonnes, reflecting a dramatic 80.1% increase compared to the previous year. The largest decline was observed in 2020, with a drop of 52.6%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, t

From 2018 to 2021, cocoa powder and cake exports from Australia and New Zealand were distributed across a wide range of partner countries. Papua New Guinea accounted for 10.0% of exports, Fiji for 8.8%, and Malaysia for 7.6%. Together, these three countries represented just 26.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, K $ US

After two years of contraction, cocoa powder and cake export volume from Australia and New Zealand increased. In 2021, exports reached 1 382 thousand US dollars, which is 7.8% higher year-over-year. The lowest value was recorded in 2020 at 1 283 thousand US dollars, with the largest decline occurring in 2019 at 12.1%. Over the period from 2018 to 2021, exports decreased by 9.9%, with a compound annual growth rate of -3.4%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, cocoa powder and cake exports in value terms from Australia and New Zealand were characterized by a broad spread across markets. Papua New Guinea accounted for 9.7% of exports, Fiji for 7.9%, and China for 6.9%. Together, these three countries represented only 24.5% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports cocoa powder and cake to Australia and New Zealand

Imports in kind, t

Cocoa powder and cake imports to Australia and New Zealand have declined for the third consecutive year. In 2021, imports amounted to 17 748 tonnes, showing a measured drop of 9.7% year-over-year. Between 2018 and 2021, imports decreased by 38.4%, equating to an annualized decline rate of 14.9%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, t

From 2018 to 2021, the leading sources for cocoa powder and cake imports to Australia and New Zealand were Singapore, accounting for 27.1% of imports, Malaysia with 22.7%, and Indonesia with 20.8%. Together, these three countries accounted for 70.7% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, K $ US

After two years of reduction, cocoa powder and cake imports to Australia and New Zealand increased. In 2021, import volume amounted to 53 435 thousand US dollars, reflecting a modest rise of 3.4% year-over-year. The lowest value was recorded in 2020 at 51 692 thousand US dollars, with the largest decline occurring in 2019 at 39.3%. Over the period from 2018 to 2021, imports decreased by 40.4%, with a compound annual growth rate of -15.9%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, three main markets—Singapore, Malaysia, and Indonesia—together absorbed 65.8% of total cocoa powder and cake imports in value terms to Australia and New Zealand.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021