Not defatted cocoa paste market in Canada

Earlier Report Observations

The Canadian market for not defatted cocoa paste saw significant volume and value shifts from 2018 to 2023, primarily driven by international cocoa market dynamics. After a dip to 79.4 thousand tonnes in 2019, consumption rebounded sharply to over 121 thousand tonnes by 2022, influenced by variable cocoa bean harvests in major producing regions like Côte d'Ivoire and Ghana which affected global supply. The market's value followed a similar upward trajectory, rising from 359 million US dollars in 2018 to 561 million US dollars in 2022, reflecting broader price movements for cocoa commodities.

In 2023, the market volume receded to 111.6 thousand tonnes while the total value held steady at 561 million US dollars. This stabilization in value amidst a volume decline points to the impact of higher global cocoa prices, which compensated for the slight reduction in physical demand. Such price volatility is characteristic of the cocoa sector and is often linked to factors like West African weather patterns and shifts in worldwide demand for chocolate intermediates.

Throughout the period, the absence of major domestic policy changes or new large-scale processing facilities in Canada meant that external supply factors were the dominant influence. The market's adaptation to these global conditions—including fluctuations in raw material availability and international price signals—defined its overall evolution in both volume and monetary terms.

Production not defatted cocoa paste in Canada

In kind, 2017-2020, t

Globally, Canada ranked as the 14th largest producer of not defatted cocoa paste from 2017 to 2020.

Top producers of not defatted cocoa paste, 2017-2020

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

The data shows irregular fluctuations, pointing to a volatile market environment. Production volumes reached their lowest point in 2017 and peaked in 2020, marking a 2.7-fold increase over this period. In 2020, Canada produced 82 901 tonnes of not defatted cocoa paste, representing a year-over-year increase of 28.7%. The largest decline occurred in 2019, with a drop of 12.0%, while the most significant increase was recorded in 2018, at 142.2%.

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

In value, 2017-2020, M $ US

Market behavior during these years was characterized by volatility. Production value bottomed in 2017 and peaked in 2020, showing a 2.5-fold difference. In 2020, the output of not defatted cocoa paste in Canada was valued at 353.8 million US dollars, corresponding to a sharp increase of 32.1% compared to the previous year. The largest decline was in 2019, at 11.7%, while the largest increase occurred in 2018, at 115.6%.

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

Exports not defatted cocoa paste from Canada

Exports in kind, t

The market exhibited volatility over the observed period. Export volumes reached their lowest point in 2017 and peaked in 2019, with a 1.9-fold difference between these years. In 2020, not defatted cocoa paste exports from Canada totaled 7 160 tonnes, representing a measured decline of 9.2% compared to 2019. The maximum volume was recorded in 2019 at 7 887 tonnes, and the largest increase occurred in 2018, at 71.6%.

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

From 2017 to 2020, the United States dominated Canada's export structure in kind, accounting for 96.7% of total flows.

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

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

Exports in value, M $ US

After two years of growth, Canada's not defatted cocoa paste export value declined. In 2020, export volume reached 30.6 million US dollars, amounting to a controlled decrease of 6.9% compared to the previous year. Between 2017 and 2020, exports increased by 59.6%, equating to an annualized rate of 16.9%. The maximum value was recorded in 2019 at 32.8 million US dollars, and the largest increase occurred in 2018, at 52.8%.

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

From 2017 to 2020, the United States remained the almost exclusive buyer of not defatted cocoa paste from Canada, with a share of 97.2% of total exports in value terms.

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

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

Imports not defatted cocoa paste to Canada

Imports in kind, t

Not defatted cocoa paste imports into Canada increased for the third consecutive year. In 2020, imports amounted to 26 942 tonnes, up by 17.7% from 2019. Between 2017 and 2020, imports increased by 33.5%, equating to an annualized rate of 10.1%.

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

From 2017 to 2020, the United States (47.9% of imports in kind), Côte d'Ivoire (28.3% of imports in kind), and Belgium (10.5% of imports in kind) formed the main cluster of markets for imports in kind, with a combined share of 86.7% of total flows.

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

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

Imports in value, M $ US

Not defatted cocoa paste deliveries to Canada increased for the third consecutive year. In 2020, imports amounted to 101.3 million US dollars, representing a robust increase of 15.3% compared to the previous year. Over the period 2017-2020, imports increased by 26%, with a compound annual growth rate (CAGR) of 8.0%.

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

From 2017 to 2020, three principal markets — the United States, Côte d'Ivoire, and Belgium — together accounted for 87.4% of total imports in value terms of not defatted cocoa paste to Canada.

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

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