Cocoa powder and cake market in Oceania

Earlier Report Observations

The market volume for cocoa powder and cake in Oceania fluctuated between 2018 and 2023. It declined from 35 729 tonnes in 2018 to approximately 31 300 tonnes in the 2019-2021 period, then rose to a peak of 33 750 tonnes in 2022 before falling to 30 904 tonnes in 2023. This occurred alongside a strong doubling of domestic production from 6 645 tonnes to over 13 500 tonnes, while import volumes generally decreased.

The market's highest point in 2022 was supported by key developments. Barry Callebaut's expansion of its factory in Campbellfield, Melbourne, increased local production capacity. At the same time, growing consumer interest in premium, bean-to-bar chocolate products and health-conscious eating habits boosted demand for cocoa powder in bakery and confectionery items.

Production cocoa powder and cake in Oceania

In kind, 2017-2020, t

Top producers of cocoa powder and cake, 2017-2020

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

Oceania's production of cocoa powder and cake has grown for the second year in a row. In 2020, the region produced 11 371 tonnes, marking a 2.0% increase compared to the previous year. Looking at the period from 2017 to 2020, production surged by 63%, which translates to an average annual growth rate of 17.7%. The lowest production volume was recorded in 2018 at 6 645 tonnes, when it fell by 4.8%. In contrast, 2019 saw the largest increase, with production jumping by 67.7%.

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

Exports cocoa powder and cake from Oceania

Exports in kind, t

The export market for cocoa powder and cake from Oceania showed significant volatility during the observed period. In 2018, exports hit their lowest point at 191 tonnes, while they peaked in 2019 at 508 tonnes, representing a 2.7-fold difference between these two years. By 2020, exports dropped sharply to 222 tonnes, a decline of 56.3% from the previous year. The largest increase occurred in 2019, with exports rising by 166.3%.

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

From 2017 to 2020, the destinations for Oceania's cocoa powder and cake exports were highly dispersed. Malaysia accounted for 5.1% of exports in volume, China for 2.3%, and the Netherlands for 1.6%, together making up just 9.0% of total flows. The remaining 91.0% was distributed among a wide range of other countries.

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

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

Exports in value, M $ US

After two years of decline, the value of cocoa powder and cake exports from Oceania showed a slight uptick. In 2020, exports totaled 1.4 million US dollars, a modest increase of 0.7% from 2019. However, over the full period from 2017 to 2020, export value fell by 60.9%, equivalent to an annualized decrease of 26.9%. The lowest value was recorded in 2019 at 1.4 million US dollars, following the largest decline of 55.6% in 2018.

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

Between 2017 and 2020, the partner portfolio for Oceania's cocoa powder and cake exports in value terms was quite broad. China represented 4.0% of export value, Singapore 2.6%, and Malaysia 2.1%, together accounting for only 8.6% of total flows.

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

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

Imports cocoa powder and cake to Oceania

Imports in kind, t

Imports of cocoa powder and cake into Oceania declined for the second consecutive year. In 2020, imports amounted to 20 179 tonnes, a slight decrease of 2.0% year-over-year. Over the period from 2017 to 2020, imports dropped by 27.2%, with an annualized rate of decline of 10.1%. The highest import volume was recorded in 2018 at 29 275 tonnes, which saw a 5.6% increase. In contrast, 2019 experienced the largest decline, with imports falling by 29.6%.

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

From 2017 to 2020, Singapore, Malaysia, and Indonesia remained the primary suppliers of cocoa powder and cake to Oceania in volume terms. Singapore contributed 34.0% of imports, Malaysia 19.3%, and Indonesia 19.2%, collectively forming 72.4% of total imports.

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

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

Imports in value, M $ US

The value of cocoa powder and cake imports into Oceania fell for the third year in a row. In 2020, imports were valued at 53.5 million US dollars, a measured decrease of 4.5% compared to 2019. Over the period from 2017 to 2020, import value declined by 48.9%, corresponding to a compound annual growth rate of -20.0%.

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

Between 2017 and 2020, Singapore, Indonesia, and Malaysia formed the main cluster of markets for Oceania's cocoa powder and cake imports in value terms. Singapore accounted for 41.4% of import value, Indonesia for 15.3%, and Malaysia for 13.7%, together representing 70.5% of total flows.

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

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