The export volume of cocoa powder and cocoa cake from Indonesia to China currently stands at 11.82 thousand metric tons in 2023. Analyzing the trend over the past decade shows substantial fluctuations in year-on-year percentages, with notable drops in 2013, 2015, 2016, and 2019, and significant rises in 2014, 2017, and especially 2020. The latest 5-year CAGR leading up to 2023 stands at 4.8%, indicating steady growth. From 2024 onwards, the export volumes are forecasted to grow consistently, reaching 13.42 thousand metric tons by 2028, revealing an expected 5-year CAGR of 2.01% and an overall growth rate of 10.46%.
Future trends to watch for include:
- China's growing demand for cocoa products, driven by increasing consumption of chocolate and confectionery items.
- Potential impacts of global market conditions and trade policies, especially involving Indonesia and China.
- Innovations in cocoa production and processing that could affect export volumes and growth rates.
