Not defatted cocoa paste market in Oceania

Earlier Report Observations

Not defatted cocoa paste market volume in Oceania expanded rapidly from 12 494 t in 2018 to 21 048 t in 2019. This growth occurred alongside a shift in global cocoa supply chains, as West African nations increased local processing of cocoa beans, altering traditional export routes to Europe. Concurrent investments in sustainability certification programs may have further shaped demand for cocoa products.

The pandemic-induced disruptions to supply chains and quality certification processes slowed market growth to 1.6% in 2020. A rebound followed in 2021, with volume rising 19.6% to 25 576 t, partly driven by intensified efforts to combat the swollen shoot virus in West Africa, which reduced cocoa bean yields and spurred higher imports. Market volume then stabilized around 25 600 t in 2022 as rising cocoa prices and the initial phase of the European Union's deforestation regulation (EUDR) introduced new cost and compliance pressures.

In 2023, the market volume remained virtually unchanged at 25 597 t. Record cocoa price surges—fueled by significant harvest declines in Côte d'Ivoire and Ghana due to drought and disease—continued to constrain supply. The market entered 2024 with the upcoming implementation of the EUDR from December 2024, which imposes strict traceability requirements for cocoa imports into Europe.

Production not defatted cocoa paste in Oceania

In kind, 2017-2020, t

Top producers of not defatted cocoa paste, 2017-2020

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

Not defatted cocoa paste production in Oceania has increased for the third consecutive year. In 2020, Oceania produced 3 048 tonnes of not defatted cocoa paste, marking a 9.9% rise compared to the previous year. Over the period from 2017 to 2020, production grew by 47.9%, with a compound annual growth rate of 13.9%.

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

Exports not defatted cocoa paste from Oceania

Exports in kind, t

Not defatted cocoa paste exports from Oceania have declined for the third consecutive year. In 2020, exports stood at 11 tonnes, which is 79.2% lower than the previous year. From 2017 to 2020, exports decreased by 89.3%, with a compound annual decline rate of 52.5%.

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

From 2017 to 2020, three main markets—Malaysia, Spain, and the United Kingdom—together accounted for 25.7% of total not defatted cocoa paste exports in kind from Oceania.

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, K $ US

The data reveals irregular changes, indicating a volatile market environment. The lowest value was recorded in 2019, while the highest occurred in 2017, with a peak-to-trough ratio of 7.7 times. In 2020, Oceania exported 131 thousand US dollars of not defatted cocoa paste, representing a 160.3% increase year-over-year. The minimum value was 50 thousand US dollars in 2019, and the largest decline of 80.7% was also recorded in that year.

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

From 2017 to 2020, Spain (5.0% of exports in value terms), Malaysia (3.1% of exports in value terms), and the United States (1.6% of exports in value terms) consistently remained the main destinations for exports in value terms, together accounting for 9.8% 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 not defatted cocoa paste to Oceania

Imports in kind, t

There were noticeable fluctuations in market performance during the period. The lowest imports were recorded in 2018, with the highest in 2020, reflecting a 1.9-fold gap. In 2020, Oceania's not defatted cocoa paste import volume amounted to 18 351 tonnes, showing negligible variation compared to the previous year. The minimum value was 9 834 tonnes in 2018, with the largest decline of 11.9% and the largest increase of 86.4% recorded in 2019.

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

From 2017 to 2020, the leading destinations for imports in kind of not defatted cocoa paste to Oceania were Singapore (33.7% of imports in kind), Malaysia (21.2% of imports in kind), and Côte d'Ivoire (20.0% of imports in kind), which jointly accounted for 74.9% of total flows.

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, K $ US

Volatility characterized the market behavior during these years. The lowest imports were recorded in 2018, with the highest in 2020, reflecting a 2.2-fold gap. In 2020, Oceania imported 78 077 thousand US dollars of not defatted cocoa paste, representing a limited increase of 8.8% compared to the previous year. The minimum value was 36 213 thousand US dollars in 2018, with the largest decline of 16.2% and the largest increase of 98.1% recorded in 2019.

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

Throughout 2017 to 2020, Singapore (36.4% of imports in value terms), Malaysia (21.2% of imports in value terms), and Côte d'Ivoire (17.9% of imports in value terms) remained the main markets for imports in value terms of not defatted cocoa paste to Oceania, jointly taking 75.5% 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