The demand for cocoa beans in China saw fluctuations from 2014 to 2023, starting at 61.0 thousand metric tons in 2014 and stabilizing at 51.0 thousand metric tons in 2023. Between 2014 and 2018, there was a notable decline, dropping to 49.0 thousand metric tons in 2016 before rising slightly, peaking at 55.0 thousand metric tons in 2018. Post-2018, demand saw minor variations hovering around 50-53 thousand metric tons. The CAGR from 2019 to 2023 was -1.5%, indicating a gradual decline. Year-on-year variations in the last two years show a stabilization with 2022 experiencing a minor contraction of -1.92% and 2023 maintaining stability.
Future trends to watch for include:
- Continued stabilization with very slight downward trends projected over the next five years.
- The forecast for 2028 suggests a gradual decline with a forecasted 5-year CAGR of -0.77% and an overall growth rate of -3.77% by 2028.
- Potential market disruptions or innovations in chocolate and related products could impact demand either positively or negatively.
