Market research

Not defatted cocoa paste market in Argentina

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for not defatted cocoa paste in Argentina contracted from 8 117 t in 2018 to 6 811 t in 2019. This decline was driven by a persistent increase in the exchange rate, which raised the cost of imported raw materials, compounded by the U.S.-China trade war that further depreciated emerging market currencies.

Market volume recovered to 7 606 t in 2020 and then surged to 10 000 t in 2021. The sharp growth in 2021 coincided with high volatility in international cocoa prices and was supported by the emergence of new local chocolate ventures, which increased demand for cocoa paste through digital sales channels and a rebound in tourism.

From 2022 to 2023, the market stabilized between 9 800 t and 9 970 t. During this period, the Argentine chocolate sector continued to expand with new entrepreneurial initiatives and franchise growth, sustaining consumption of cocoa paste despite ongoing price fluctuations in global cocoa markets.

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 Argentina
  1. 5.1.1. Annual dynamics of production in Argentina in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Argentina in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, 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, 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, K $ 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 Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Argentina 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, K $ 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 Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production not defatted cocoa paste in Argentina

In kind, 2017-2020, t

Top producers of not defatted cocoa paste, 2017-2020

Source: SHEV.io

World map of production of not defatted cocoa paste, 2017-2020

Source: SHEV.io

Argentina's production of not defatted cocoa paste saw a two-year increase before declining. In 2020, production dropped to 224.5 t, marking a 43.0% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 18.5%, which translates to an average annual decline of 6.6%. The highest production level was recorded in 2019 at 394.2 t, with the largest year-over-year increase occurring in 2018 at 30.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.9%	9.3%	(43.0%)	(6.6%)

Source: SHEV.io

Exports not defatted cocoa paste from Argentina

Marketing analysis indicates that Argentina did not export any not defatted cocoa paste between 2017 and 2020.

Imports not defatted cocoa paste to Argentina

Imports in kind, t

Following a two-year decline, imports of not defatted cocoa paste into Argentina rose. In 2020, imports reached 7 382 t, up 15.0% from the previous year. From 2017 to 2020, imports decreased by 5%, averaging an annual decline of 1.7%. The lowest import volume was in 2019 at 6 417 t, which also saw the largest drop of 17.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.2%)	(17.3%)	15.0%	(1.7%)

Source: SHEV.io

Between 2017 and 2020, Argentina's imports of not defatted cocoa paste were primarily sourced from Brazil and Ecuador, which together accounted for 83.8% of total imports, with other countries contributing smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After a two-year decrease, the value of imported not defatted cocoa paste in Argentina increased. In 2020, imports totaled 28 014 K $ US, an 11.3% rise compared to 2019. Over the 2017–2020 period, import value fell by 10%, with an average annual decline of 3.4%. The lowest value was recorded in 2019 at 25 165 K $ US, which also experienced the steepest decline of 14.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.6%)	(14.3%)	11.3%	(3.4%)

Source: SHEV.io

From 2017 to 2020, Brazil and Ecuador dominated Argentina's imports of not defatted cocoa paste in value terms, while other markets played a more limited role.

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

Source: SHEV.io

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

Source: SHEV.io