Cocoa powder and cake market in Indonesia

Earlier Report Observations

The Indonesian cocoa powder and cake market volume grew from 263.7 thousand tons in 2018 to 287.4 thousand tons in 2019. This initial expansion was supported by the government's policy of export duties on cocoa beans, designed to incentivize domestic processing and attract foreign investment. Simultaneously, the mandatory implementation of the SNI quality standard for cocoa powder in 2018 strengthened product quality and consumer confidence.

Market volume contracted to 233.9 thousand tons in 2020, influenced by the strict enforcement of the mandatory SNI certification, which temporarily disrupted supply chains. A recovery to 248.4 thousand tons followed in 2021, aided by import regulations for raw cocoa that secured feedstock for processors. However, volume dipped again to 237.9 thousand tons in 2022 as domestic cocoa bean production fell and exports of processed intermediates like cocoa butter and cake rose, fueled by the supportive export duty framework.

By 2023, the market rebounded to 258.8 thousand tons. This recovery was facilitated by increased imports of cocoa beans to meet industrial demand. Major industry developments during the period included Cargill's new production line in Gresik and significant investment announcements from producer COCO, signaling strong sector confidence. The regulatory landscape continued to evolve with tightened SNI oversight and adjustments to bean export tariff rates.

Production cocoa powder and cake in Indonesia

In kind, 2018-2021, K t

Globally, Indonesia was the leading producer of cocoa powder and cake from 2018 to 2021.

Top producers of cocoa powder and cake, 2018-2021

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

In 2021, Indonesia produced 379.7 thousand tonnes of cocoa powder and cake, marking a modest 3.2% increase from the previous year. Over the 2018-2021 period, production declined by 2.5%, with a compound annual growth rate of 0.8%. The lowest production level was recorded in 2020 at 367.8 thousand tonnes, while the peak occurred in 2019 with 390.5 thousand tonnes. The most significant drop was in 2020, when production fell by 5.8%.

Annual dynamics of production in Indonesia in kind, 2018-2021, K t

In value, 2018-2021, M $ US

Indonesia's cocoa powder and cake production value rose for the second year in a row. In 2021, output was valued at 797.4 million US dollars, reflecting a substantial 26.3% gain over the previous year. From 2018 to 2021, production value grew by 36.5%, equivalent to an annualized rate of 10.9%. The lowest value was in 2019 at 576.6 million US dollars, which also saw the largest decline of 1.3%.

Annual dynamics of production in Indonesia in value, 2018-2021, M $ US

Exports cocoa powder and cake from Indonesia

Exports in kind, K t

Cocoa powder and cake exports from Indonesia increased for the second consecutive year. In 2021, exports reached 163.6 thousand tonnes, remaining broadly stable compared to 2020. Between 2018 and 2021, exports grew by 5.6%, with an annualized rate of 1.8%. The lowest export volume was in 2019 at 137.5 thousand tonnes, which experienced the largest decline of 11.3%. The most significant increase occurred in 2020, with an 18.4% rise.

Annual dynamics of product's exports from Indonesia in kind, 2018-2021, K t

From 2018 to 2021, the export structure for cocoa powder and cake from Indonesia was balanced rather than concentrated. Malaysia accounted for 22.0% of exports in kind, India for 15.1%, and China for 8.1%, together representing 45.3% of total flows. Many other countries made up the remaining 54.7%.

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

World map of product's exports from Indonesia in kind, 2018-2021

Exports in value, M $ US

Foreign supplies of cocoa powder and cake from Indonesia increased for the second year in a row. In 2021, exports amounted to 343.6 million US dollars, showing a 23.0% uptick from the previous year. Between 2018 and 2021, exports rose by 47.7%, equating to an annualized rate of 13.9%. The lowest value was recorded in 2019 at 203.1 million US dollars, which also saw the largest decline of 12.7%. The most significant increase was in 2020, with a 37.6% jump.

Annual dynamics of product's exports from Indonesia in value, 2018-2021, M $ US

Over the 2018-2021 period, exports of cocoa powder and cake from Indonesia in value terms were characterized by a broad spread across markets. Malaysia accounted for 20.0% of exports in value, India for 16.6%, and China for 8.0%, together making up only 44.7% of total flows.

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

World map of product's exports from Indonesia in value, 2018-2021

Imports cocoa powder and cake to Indonesia

Imports in kind, K t

In 2021, foreign supplies of cocoa powder and cake to Indonesia were recorded at 32.4 thousand tonnes, up by 11.6% year-on-year. Over the 2018-2021 period, imports increased by 10%, with a compound annual growth rate of 3.2%. The lowest import volume was in 2020 at 29.0 thousand tonnes, while the peak was in 2019 at 34.4 thousand tonnes. The largest decline occurred in 2020, with a 15.8% drop, and the most significant increase was in 2019, with a 17.0% rise.

Annual dynamics of product's imports to Indonesia in kind, 2018-2021, K t

From 2018 to 2021, Malaysia was the primary supplier of cocoa powder and cake to Indonesia, accounting for 43.5% of imports in kind, followed by Singapore at 36.3% and Côte d'Ivoire at 6.8%. Together, these three countries represented 86.5% of total imports in kind.

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

World map of product's imports to Indonesia in kind, 2018-2021

Imports in value, M $ US

In 2021, Indonesia's volume of cocoa powder and cake imports came to 80.8 million US dollars, which is 26.4% higher than the previous year. Between 2018 and 2021, imports increased by 33.5%, equating to an annualized rate of 10.1%. The largest decline was recorded in 2020, with a 6.8% drop.

Annual dynamics of product's imports to Indonesia in value, 2018-2021, M $ US

Between 2018 and 2021, imports of cocoa powder and cake to Indonesia in value terms were largely oriented towards Malaysia and Singapore, whose combined share reached 82.5% of total flows, with other destinations playing a secondary role.

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

World map of product's imports to Indonesia in value, 2018-2021