As of 2023, the import of unsweetened cocoa powder to the US stood at approximately 118 million kilograms. The forecasted data from 2024 to 2028 suggests a steady increase in imports, reaching an estimated 122.64 million kilograms by 2028. This reflects a modest year-on-year growth, with incremental increases maintaining the positive trend established over recent years. The compound annual growth rate (CAGR) for the forecast period is expected to be around 0.78%.
Looking ahead, several trends merit attention:
- Potential shifts in consumer preferences towards healthier and premium cocoa products could impact import volumes.
- Trade policies and supply chain factors, such as tariffs and global supply disruptions, may affect cost and availability.
- Emerging technology in cocoa processing could influence the efficiency and capability of the industry.