Philippines - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCocoa Powder Price in the Philippines - 2023
Contents:
- Cocoa Powder Price in the Philippines (CIF) - 2023
- Cocoa Powder Price in the Philippines (FOB) - 2022
- Cocoa Powder Imports in the Philippines
- Cocoa Powder Exports in the Philippines
Cocoa Powder Price in the Philippines (CIF) - 2023
The average cocoa powder import price stood at $3,127 per ton in June 2023, which is down by -5.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 8.4% against the previous month. Over the period under review, average import prices reached the maximum at $3,299 per ton in May 2023, and then declined in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Singapore ($3,713 per ton) and Indonesia ($3,004 per ton), while the price for Malaysia ($2,976 per ton) and the Netherlands ($2,980 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cocoa Powder Price in the Philippines (FOB) - 2022
In 2022, the average cocoa powder export price amounted to $5,277 per ton, picking up by 28% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 134% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,518 per ton), while the average price for exports to Vietnam ($2,264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+68.4%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Powder Imports in the Philippines
In 2022, after two years of decline, there was significant growth in overseas purchases of cocoa powder (not sweetened), when their volume increased by 6.6% to 29K tons. Over the period under review, imports, however, recorded a relatively flat trend pattern.
In value terms, cocoa powder imports soared to $81M in 2022. The total import value increased at an average annual rate of +10.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cocoa Powder in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 19.3 | 24.0 | 27.8 | 40.6 | 28.1% |
Indonesia | 22.7 | 20.1 | 20.7 | 21.8 | -1.3% |
Singapore | 10.2 | 12.5 | 10.6 | 13.7 | 10.3% |
Netherlands | 4.4 | 2.7 | 2.7 | 2.6 | -16.1% |
Others | 3.5 | 2.1 | 2.6 | 2.6 | -9.4% |
Total | 60.0 | 61.3 | 64.3 | 81.3 | 10.7% |
Top Suppliers of Cocoa Powder to the Philippines in 2022:
- Malaysia (14.8K tons)
- Indonesia (7.9K tons)
- Singapore (4.1K tons)
- Netherlands (0.8K tons)
Cocoa Powder Exports in the Philippines
In 2022, overseas shipments of cocoa powder (not sweetened) decreased by -54.5% to 33 tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 358% against the previous year. As a result, the exports attained the peak of 241 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cocoa powder exports shrank sharply to $172K in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 279% against the previous year. As a result, the exports reached the peak of $659K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Cocoa Powder in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 103 | 453 | 192 | 121 | 5.5% |
United States | N/A | 3.0 | 0.9 | 18.7 | 149.7% |
Indonesia | N/A | N/A | 73.5 | 14.0 | -81.0% |
Singapore | N/A | N/A | 2.7 | 6.3 | 133.3% |
South Korea | N/A | N/A | N/A | 3.8 | 0% |
India | N/A | N/A | N/A | 3.3 | 0% |
Vietnam | N/A | 171 | N/A | 1.3 | -91.3% |
China | N/A | N/A | 24.0 | N/A | 0% |
United Arab Emirates | 40.2 | 0.4 | 0.3 | N/A | -91.4% |
Saudi Arabia | N/A | 5.1 | N/A | N/A | 0% |
Others | 30.7 | 26.6 | 2.6 | 4.4 | -47.7% |
Total | 174 | 659 | 296 | 172 | -0.4% |
Top Export Markets for Cocoa Powder from the Philippines in 2022:
- Malaysia (23.8 tons)
- Indonesia (2.9 tons)
- United States (2.5 tons)
- Singapore (1.1 tons)
- India (0.9 tons)
- Vietnam (0.6 tons)
- South Korea (0.6 tons)
This report provides an in-depth analysis of the cocoa powder market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 665 - Cocoa Powder and Cake
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cocoa powder market in the Philippines.
This report provides an in-depth analysis of the global cocoa powder market.
This report provides an in-depth analysis of the cocoa powder market in the Philippines.
This report provides an in-depth analysis of the global cocoa powder market.
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
From 2007 to 2011, global exports of cocoa powder displayed a robust growth trend, which switched to a steady decline until 2015. Exports amounted to X million USD in 2015.
The end of 2014 was marked by an unexpectedly sharp drop in cocoa consumption in the world. The European Cocoa Association recorded a decrease of between two and five percent, which was far below market forecasts.
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
From 2007 to 2011, global exports of cocoa powder displayed a robust growth trend, which switched to a steady decline until 2015. Exports amounted to X million USD in 2015.
The end of 2014 was marked by an unexpectedly sharp drop in cocoa consumption in the world. The European Cocoa Association recorded a decrease of between two and five percent, which was far below market forecasts.