The export of Cocoa Powder and Cocoa Cake from Indonesia to Turkey has shown a substantial upward trend over the years. In 2023, exports stood at 6.61 Thousand Metric Tons. Reviewing year-on-year data for the last two years, the export observed a growth of 14.06% in 2022 and 12.19% in 2023. The compound annual growth rate (CAGR) over the last five years is 21.5%, indicating a robust average annual growth.
• In the past decade, there have been notable fluctuations; the early years experienced some dips, with a significant drop in 2014, but the latter half of the decade exhibited stronger and more consistent growth.• The forecast predicts continued growth, with an anticipated 5-year CAGR of 6.64% and an overall growth rate of 37.9% by 2028.
Future trends to watch include the impact of global cocoa prices, trade policies between Indonesia and Turkey, and potential supply chain disruptions. Monitoring these factors will provide better insights into future export performances.
