The export of cocoa powder and cocoa cake from Singapore to China has shown fluctuating trends over the years, standing at 9.11 thousand metric tons in 2023. The preceding two years saw moderate increases: 4.21% in 2022 and 3.99% in 2023. The five-year compound annual growth rate (CAGR) leading up to 2023 was 1.78%. Over the next five years, exports are forecasted to continue growing at a CAGR of 2.67%, reaching 10.78 thousand metric tons by 2028.
For future trends, watch for:
- Potential market demand shifts due to changing consumer preferences in China
- Economic conditions affecting trade policies
- Innovations in cocoa production and processing technologies
- Climate change impacts on cocoa supply chains
