HS Code:
Subheading 1806.10.15 of the Harmonized System (HS) Code pertains to cocoa powder, containing added sugar or other sweetening matter, with a fat content not exceeding 1.5% by weight. This category includes sweetened cocoa powder primarily used in the preparation of beverages and confectionery products. It is a niche but significant segment of the global cocoa products market, often influenced by consumer demand for low-fat and sweetened cocoa products in both retail and industrial applications.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC) Trade Map
$75 million USD
30% of total trade of total trade
Increasing
$50 million USD
20% of total trade of total trade
Stable
$40 million USD
16% of total trade of total trade
Increasing
$30 million USD
12% of total trade of total trade
Stable
$20 million USD
8% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU Single Market or USMCA)
Growing demand for low-fat cocoa products
Increased exports to health-conscious markets in North America and Europe, driving innovation in product formulations
2021-2022
Rising production costs due to cocoa bean price volatility
Higher prices for sweetened cocoa powder, potentially reducing demand in price-sensitive markets
2022
Sustainability and fair trade certification
Exporters with certified sustainable practices gain competitive advantage in premium markets like the EU
2020-2022
The EU's new deforestation regulation, effective from 2023, requires cocoa product exporters to prove that their supply chains do not contribute to deforestation, impacting major exporters like the Netherlands and Malaysia.
June 2023
Increased compliance costs for exporters but potential for premium pricing in the EU market for certified sustainable products.
The United States granted temporary tariff waivers for cocoa powder imports from select countries under specific trade agreements to address domestic shortages.
March 2023
Boosted imports from countries like Malaysia, providing short-term market access benefits.
Global cocoa bean prices surged due to adverse weather conditions in West Africa, affecting the cost structure of sweetened cocoa powder production.
September 2023
Higher retail prices may dampen demand in emerging markets, while premium markets remain resilient.