In 2023, the US imported 49.64 million kilograms of wholly or partly defatted cocoa paste. Forecasts suggest a marginal decline in import volumes over the next five years, with a slight drop each year from 2024's 49.601 million kilograms to 49.507 million kilograms by 2028. There is consistency in the year-on-year percentage decline, reflecting a steady, minimal reduction in volume.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable and ethically-sourced cocoa products could influence import volumes.
- Trade agreements or policies impacting tariff rates and trade relations between cocoa-exporting countries and the US might affect import levels.
- Technological advancements in cocoa paste production could alter supply dynamics.