The exports of Cocoa Powder and Cocoa Cake from Brazil to China, expressed in thousand US dollars, showed significant fluctuations over the past decade. The value in 2023 stood at $314,000. While there were dramatic drops, such as in 2014, 2015, and 2020, there were also notable recoveries, evidenced by strong performances in 2016, 2017, 2019, and 2023. The years 2019 and 2023 saw substantial year-on-year growth rates of 210.79% and 27.13%, respectively. The Compound Annual Growth Rate (CAGR) over the past five years is 17.7%, suggesting an overall positive trajectory despite the volatility.
Looking forward, forecasted data from 2024 to 2028 indicate a steady upward trend with a 5-year CAGR of 3.89% and a forecasted 5-year growth rate of 21.02%, with the value expected to reach $403,000 by 2028. This suggests a more stable and consistent increase in exports to China.
Future trends to watch for include fluctuations in global demand for cocoa products, price volatility due to changing supply chain dynamics, and potential impacts of trade policies between Brazil and China. Additionally, the focus on sustainable and ethical sourcing practices could impact market dynamics and consumer preferences.
