Thailand - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExport of Cocoa Powder With Sugar From Thailand Sees Slight Drop to $18M in 2023
Thailand Cocoa Powder With Sugar Exports
In 2023, approx. 14K tons of cocoa powder (containing added sugar) were exported from Thailand; reducing by -16.5% on the previous year's figure. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 245% against the previous year. The exports peaked at 19K tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.
In value terms, cocoa powder with sugar exports reduced to $18M (IndexBox estimates) in 2023. Over the period under review, total exports indicated strong growth from 2013 to 2023: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 120% against the previous year. Over the period under review, the exports hit record highs at $20M in 2022, and then shrank in the following year.
| COUNTRY | Export Value of Cocoa Powder With Sugar in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Japan | 2.2 | 11.5 | 12.2 | 15.7 | 13.8 | 15.1 | 12.7 | 13.2 | 13.7 | 15.3 | 13.6 |
| Myanmar | 1.7 | 2.2 | 1.7 | 1.6 | 1.3 | 0.8 | 0.9 | 1.6 | 1.5 | 2.0 | 1.5 |
| Lao People's Democratic Republic | 1.9 | 1.1 | 0.4 | 0.4 | 0.4 | 0.5 | 0.7 | 0.7 | 0.9 | 0.7 | 1.0 |
| Indonesia | N/A | N/A | 0.1 | N/A | N/A | N/A | N/A | 0.4 | 1.3 | 1.3 | 0.4 |
| Cambodia | 0.2 | 0.1 | 0.1 | 0.2 | 0.5 | 0.6 | 0.8 | 0.6 | 0.3 | 0.3 | 0.3 |
| Others | 1.7 | 2.0 | 0.9 | 0.9 | 0.8 | 0.6 | 0.4 | 1.9 | 0.2 | 0.4 | 0.7 |
| Total | 7.7 | 16.9 | 15.3 | 18.8 | 16.7 | 17.6 | 15.6 | 18.4 | 17.9 | 20.0 | 17.6 |
Exports by Country
Japan (12K tons) was the main destination for cocoa powder with sugar exports from Thailand, accounting for a 90% share of total exports. Moreover, cocoa powder with sugar exports to Japan exceeded the volume sent to the second major destination, Lao People's Democratic Republic (705 tons), more than tenfold. The third position in this ranking was held by Myanmar (274 tons), with a 2% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Japan amounted to +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+4.8% per year) and Myanmar (-4.8% per year).
In value terms, Japan ($14M) remains the key foreign market for cocoa powder (containing added sugar) exports from Thailand, comprising 77% of total exports. The second position in the ranking was taken by Myanmar ($1.5M), with an 8.5% share of total exports. It was followed by Lao People's Democratic Republic, with a 5.8% share.
From 2013 to 2023, the average annual rate of growth in terms of value to Japan totaled +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-1.2% per year) and Lao People's Democratic Republic (-5.7% per year).
Export Prices by Country
In 2023, the cocoa powder with sugar price amounted to $1,289 per ton (FOB, Thailand), rising by 5.5% against the previous year. Overall, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $2,040 per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($5,447 per ton), while the average price for exports to Japan ($1,112 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the market for cocoa powder with sugar in Thailand. 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:
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
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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
