From 2013 to 2023, Indonesia's Cocoa Powder and Cocoa Cake exports to Vietnam demonstrated substantial growth. Initial fluctuations marked early years, with a downturn in 2014 following a remarkable rise in 2013. The period from 2015-2023 saw consistent escalation, skyrocketing in 2016 with an 8-fold increase, reaching 4520 metric tons in 2023. Over the last five years, the average annual growth rate was 12.09%. By 2024, projected exports stand at 4960 metric tons.
Future trends to watch for:- Expected average annual growth of 6.12% over the next five years.- A forecasted growth rate of 34.58% from 2023 to 2028.- Potential market changes influenced by global cocoa demand, trade policies, and production advancements.
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