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Russian Imports of Cocoa Products

Research of the Company ID-Marketing

According to estimates by ID-Marketing, the apparent capacity of the confectionery market (excluding turnover with countries of the Customs Union) in 2016 amounted to 3.53 million tons, which is 1.7% higher than in 2015. The share of imported products in the market size decreased to 4.8% in 2016 (in 2014 it equaled 8.5%).
Exports* of confectionery products (excluding countries of the CU) grew by 15.7% in 2016. In particular, product supplies to China increased by 3.5 times compared to 2015. Imports of confectionery products, on the contrary, dropped by 42.2% in 2015, and in 2016 there was an additional decrease of 2.7%. A decline in imports of Ukrainian confectionery products served as the key factor in this regard. Whereas in 2014 Ukraine accounted for 18.7% in confectionery product imports, in 2015 the countrys share declined to 1.1%. In 2016 growth to 2.4% was observed.
All in all, production of confectionery in Russia in 2016 grew by 3% compared to 2015. Production of chocolate and sugar confectionery in particular increased by 3.8%, amounting to 1,765 thousand tons.
One of the main factors affecting the confectionery industry was prices for raw materials, including cocoa products. According to the International Cocoa Organization (ICCO), in December 2015 the price per ton of cocoa beans was reaching $ 3.3 thousand due to a shortage of cocoa beans caused by a drought. However, in 2016 a decrease in the price was recorded, and on March 22, 2017, the price for cocoa beans equaled $ 2,183.74 per ton.
Cote dIvoire is the largest supplier in the global market of cocoa beans. Ghana is second in volumes, and Cameroon is also among the top three. According to the ITC, the share of Cote dIvoire among exporting countries in the global market of cocoa beans reached 37.2% in volume terms in 2015, and the volume of supplies amounted to 1,285.9 thousand tons.
Imports of cocoa beans into Russia grew by 5.1% in 2016, reaching 47.8 thousand tons. The share of Cote dIvoire in 2016 equaled 87%, against 65% in 2015, and the volumes of imports grew by 41%. Cocoa bean imports from Ghana dropped by 73.5%. It should be noted that in 2015 the decline equaled 36.4% to 2014. Peru is also among the top three producing countries of cocoa beans imported. Supplies of cocoa beans from Peru declined as well by 23% to 2015. The three leaders together accounted for 97.3% of imported cocoa beans in 2016.
Among foreign producers importing cocoa beans into Russia, the largest ones in 2016 were Touton Negoce Cote DIvoire and SAF-Cacao. The share of Touton Negoce equaled 23.2%, whereas the share of its competitor, SAF-Cacao, was slightly lower and amounted to 23.1%. Virtually half of cocoa beans imported fell on the two producers. In 2016 imports of cocoa beans by Touton Negoce increased by 39%, and imports by SAF-Cacao grew by 77.4% to 2015.
Imports of cocoa butter into the Russian Federation in 2016 amounted to 28.9 thousand tons, which is 8.5% lower than in the previous year. The largest producing countries in imports of this product include Indonesia, Malaysia and the Netherlands, the shares of which equaled 35.8, 19.6 and 11% respectively.
PT Asia Cocoa Indonesia, was first among foreign companies in cocoa butter imports in 2016, with the share of 17.7% in volume terms. Supplies by the company grew by 47.8% to 2015. Cocoa butter by Olam International was second. At the same time, Olam was not supplying cocoa butter in the previous year. The two producers are followed by JB Cocoa Sdn Bhd, the volumes of which increased by 98% to 2015.
It is important to note that in imports of cocoa liquor (cocoa paste, not defatted), products by Olam International were first in 2016, accounting for 19% of the overall volumes, and supplies by the company increased from 459 tons to 6.4 thousand tons. The three leading suppliers of this product also include Mondelez Ukraina PJSC and Cargill, Inc. The total volume of cocoa liquor imports into Russia in 2016 amounted to 33.6 thousand tons, remaining at the level of the previous year. Regarding producing countries, the largest share in the segment fell on goods produced in Cote dIvoire.
Imports of defatted cocoa paste into the Russian Federation have been decreasing over the past three years. In 2015 the figure declined by 26%, and in 2016 it dropped again by 37.2%, amounting to 1.5 thousand tons. In this segment, Cote dIvoire is also leading among producing countries in 2016 its share equaled 29.5%. In 2015, however, Malaysia was first in volumes. It should be noted that imports of defatted cocoa paste from Malaysia in 2016 plummeted by 83.3%, and imports from Cote dIvoire dropped by 46.7%.
Consumption of imported cocoa powder (without additives) in 2016 amounted to 45 thousand tons, having declined to 2015 by 3.9%. Germany holds the first place in volumes in this segment, even though in 2016 the volume of German cocoa product supplies decreased by 13.3%. Germany is followed by Malaysian cocoa powder, which also suffered a decrease of 10.5% to 2015. Indonesia is last among the three leaders, and its figure increased by 7%, unlike the other two producing countries.
The bulk of imported cocoa powder without additives is accounted for by the international company Cargill. In 2016 imports of products by Cargill amounted to 10.5 thousand tons, which is 9.4% lower than in 2015. Second place went to Guan Chong Cocoa Manufacturer Sdn Bhd, whose level increased by 8.3%. The top three companies also include Olam International, its cocoa powder imports into the country having increased by 2.4 times.
The largest consumers of the aforementioned types of cocoa products imported into the country are Russian manufacturers of confectionery products factories of Obiedinenye Konditery (United Confectioners) holding, Nestle Russia LLC, Mars LLC, and Mondelez Rus LLC, which accounted for 59% of purchases in 2016.

* TN VED TS codes: 1704, 1905, 180610, 180631, 180632, 180690.

Luisa Tochieva,
Research Company ID-Marketing