In 2023, China's imports of cocoa and cocoa preparations stood at a significant value, with its trajectory showing a consistent upward trend from 2024 onwards. The projected imports are expected to grow from 1.23 billion USD in 2024 to 1.46 billion USD by 2028. This represents a steady year-on-year growth rate of about 4.65% during this period.
Future trends to watch for include:
- The increasing demand for chocolate and cocoa-related products in China due to changing consumer tastes and preferences.
- Potential impacts of economic factors, such as inflation and exchange rates, on import costs.
- Emerging competitors within local markets and their influence on import dependence.