From 2013 to 2019, Indonesia's exports of cocoa powder and cocoa cake to Thailand experienced significant fluctuations, with an overall declining trend. Beginning at USD 16.05 million in 2013, the value fell dramatically to USD 2.69 million by 2019. This was marked by sharp year-on-year decreases, notably in 2014 (-29.82%) and 2017 (-58.18%). After 2019, some stabilization occurred with values slightly increasing to around USD 3.86 million by 2023. The CAGR over the last five years was -0.5%, indicating a slight annual decrease.
In the forecast period from 2024 to 2028, the projections indicate another period of stability with the value marginally decreasing from USD 3.84 million to USD 3.79 million. The forecasted CAGR for this period is -0.25%, an indication of a very mild annual contraction.
Future trends to monitor include potential shifts in global cocoa market dynamics, changes in trade policies between Indonesia and Thailand, and advancements in processing technology or variations in consumer preferences impacting the cocoa industry.
