The import of unsweetened cocoa powder to China shows a steady growth trajectory from 2024 to 2028, with values rising from 121.63 million USD in 2024 to 133.38 million USD in 2028. Comparing to the actuals of 2023, this upward trend indicates a consistent annual increase.
Notably, each year post-2024 shows a modest year-on-year increase, averaging around 2.4% annually. Over the five-year span, a compound annual growth rate (CAGR) of approximately 2.4% is evident, highlighting consistent demand and market expansion.
Future trends to monitor include the impact of China's evolving middle-class desires for chocolate-based products, changes in import tariffs, and fluctuations in global cocoa prices which may affect import volumes and values. Furthermore, increased domestic production and changes in consumer preferences might influence future imports.
