In 2023, the actual import value of cocoa paste wholly or partly defatted to China stood at $7.3 million. Forecasts suggest a steady upward trend over the next five years. From 2024 to 2028, the import value is expected to increase from $7.5646 million to $8.6611 million, demonstrating a positive year-on-year growth trajectory.
The projected compound annual growth rate (CAGR) for import value between 2024 and 2028 is approximately 3.12%. This consistent growth indicates a robust demand in China for cocoa paste products.
Future trends to observe include:
- The impact of evolving consumer preferences towards healthier food options on cocoa paste demand.
- The influence of global cocoa supply chain dynamics on import prices.
- Potential trade policy changes that could affect import costs and volumes.