Market research

Not defatted cocoa paste market in Southern Asia

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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"Southern Asia" region includes following countries:

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Earlier Report Observations

From 2018 to 2020, the market volume of not defatted cocoa paste in Southern Asia contracted from 52 581 tons to 44 450 tons, followed by a modest recovery to 45 446 tons in 2021.

A sharp expansion to 54 310 tons occurred in 2022, but the market receded by 10.2% to 48 754 tons in 2023. This downturn aligned with a severe global cocoa supply deficit driven by adverse weather in key producing regions like West Africa, which constrained raw material availability and elevated costs. Simultaneously, robust chocolate demand growth in India, where the market value reached $2.6 billion, continued to underpin consumption for cocoa paste.

Entering 2024, the persistent cocoa supply shortage and new food standard amendments by FSSAI, scheduled for implementation in 2025, are influencing regulatory compliance and production economics for cocoa paste in the region.

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 Southern Asia
  1. 5.1.1. Annual dynamics of production in Southern Asia in kind, 2018-2023, t
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 Afghanistan in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Afghanistan 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 Afghanistan in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Afghanistan 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Afghanistan, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Afghanistan by countries, 2018-2024, $ US/kg
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 Afghanistan in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Afghanistan 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 Afghanistan in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Afghanistan 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Afghanistan, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Afghanistan by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Afghanistan in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Afghanistan by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Afghanistan in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Afghanistan by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Afghanistan, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Afghanistan by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Afghanistan in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Afghanistan by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Afghanistan in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Afghanistan by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Afghanistan, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Afghanistan by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production not defatted cocoa paste in Southern Asia

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

Southern Asia's production of not defatted cocoa paste declined for the second consecutive year. In 2020, the region produced 42 572 tonnes, marking a modest 5.8% decrease from the previous year. Over the 2017-2020 period, production fell by 4.7%, with an average annual decline of 1.6%. The highest production volume was recorded in 2018 at 50 920 tonnes, which represented a 14.0% increase from 2017. The largest decline occurred in 2019, with an 11.2% drop.

Annual dynamics of production in Southern Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.0%	(11.2%)	(5.8%)	(1.6%)

Source: SHEV.io

In value, 2017-2020, M $ US

Southern Asia's production value of not defatted cocoa paste declined for the third consecutive year. In 2020, output was valued at 158.1 million US dollars, showing a 5.4% decrease compared to 2019. Between 2017 and 2020, production value fell by 24.4%, equating to an average annual decline of 8.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.7%)	(10.6%)	(5.4%)	(8.9%)

Source: SHEV.io

Exports not defatted cocoa paste from Southern Asia

Exports in kind, t

The export market showed an unstable trend throughout the period. Exports reached their lowest point in 2017 and peaked in 2018, with an 81-fold difference between these years. In 2020, Southern Asia exported 7 tonnes of not defatted cocoa paste, a sharp 92.3% decrease from the previous year. The maximum export volume was recorded in 2018 at 117 tonnes, which represented a dramatic 7,964.3% increase from 2017.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7 964.3%	(23.8%)	(92.3%)	68.0%

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Volatility characterized the export market during these years. Exports reached their lowest point in 2017 and peaked in 2018, with a 63-fold variation between these years. In 2020, Southern Asia's not defatted cocoa paste exports stood at 26 thousand US dollars, marking a 92.2% contraction compared to 2019. The maximum value was recorded in 2018 at 430 thousand US dollars, which represented a 6,221.5% increase from 2017.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6 221.5%	(23.2%)	(92.2%)	55.6%

Source: SHEV.io

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

Source: SHEV.io

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

Source: SHEV.io

Imports not defatted cocoa paste to Southern Asia

Imports in kind, t

In 2020, Southern Asia imported 1 885 tonnes of not defatted cocoa paste, showing a modest 9.6% increase compared to 2019. Between 2017 and 2020, imports grew by 12.3%, equating to an average annual growth rate of 3.9%. The largest decline was recorded in 2019, with a 3.3% decrease.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.0%	(3.3%)	9.6%	3.9%

Source: SHEV.io

From 2017 to 2020, Turkey (38.9% of imports in kind), Ghana (26.1% of imports in kind), and the Netherlands (9.0% of imports in kind) were the main sources for not defatted cocoa paste imports to Southern Asia, together accounting for 74.0% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After a two-year decline, Southern Asia's imports of not defatted cocoa paste increased in 2020. Imports totalled 7 871 thousand US dollars, corresponding to a sharp 29.6% increase compared to 2019. Over the 2017-2020 period, imports grew by 23.9%, with an average annual growth rate of 7.4%. The minimum value was recorded in 2019 at 6 073 thousand US dollars. The largest decline occurred in 2018, with a 3.5% decrease.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.5%)	(1.0%)	29.6%	7.4%

Source: SHEV.io

From 2017 to 2020, Turkey (41.6% of imports in value terms), Ghana (25.2% of imports in value terms), and the Netherlands (8.4% of imports in value terms) were the largest suppliers of not defatted cocoa paste to Southern Asia, together forming 75.1% of total imports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io