Republic of Korea - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCocoa Butter Price in South Korea - 2022
Contents:
- Cocoa Butter Price in South Korea (CIF) - 2022
- Cocoa Butter Price in South Korea (FOB) - 2022
- Cocoa Butter Imports in South Korea
- Cocoa Butter Exports in South Korea
Cocoa Butter Price in South Korea (CIF) - 2022
The average cocoa butter import price stood at $4,275 per ton in December 2022, falling by -2.5% against the previous month. Overall, the import price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in September 2022 an increase of 8.1% month-to-month. The import price peaked at $5,809 per ton in December 2021; however, from January 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Malaysia ($4,450 per ton), while the price for Singapore ($4,211 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.2%), while the prices for the other major suppliers experienced a decline.
Cocoa Butter Price in South Korea (FOB) - 2022
In 2022, the average cocoa butter export price amounted to $22,873 per ton, surging by 185% against the previous year. Over the period under review, the export price saw a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.2% per year.
Cocoa Butter Imports in South Korea
Cocoa butter imports into South Korea expanded sharply to 1.2K tons in 2022, with an increase of 11% against 2021 figures. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cocoa butter imports totaled $5.5M in 2022. In general, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 7.4% against the previous year.
Import of Cocoa Butter in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 3.3 | 2.6 | 3.2 | 3.4 | 1.0% |
Malaysia | 1.6 | 0.7 | 0.8 | 1.2 | -9.1% |
Indonesia | 0.3 | 0.5 | 0.3 | 0.4 | 10.1% |
Belgium | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Netherlands | 1.0 | 0.9 | 0.8 | 0.1 | -53.6% |
Others | 0.3 | 0.4 | 0.2 | 0.1 | -30.7% |
Total | 6.7 | 5.1 | 5.4 | 5.5 | -6.4% |
Top Suppliers of Cocoa Butter to South Korea in 2022:
- Singapore (781.3 tons)
- Malaysia (285.0 tons)
- Indonesia (100.0 tons)
- Belgium (25.4 tons)
- Netherlands (7.1 tons)
Cocoa Butter Exports in South Korea
In 2022, overseas shipments of cocoa butter decreased by -99.3% to 473 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, the exports reached the peak of 111 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cocoa butter exports dropped significantly to $11K in 2022. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 62%. As a result, the exports attained the peak of $830K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Cocoa Butter in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 22.6 | 19.2 | 31.7 | 10.8 | -21.8% |
Malaysia | 489 | 810 | 258 | N/A | -27.4% |
Others | 0.6 | 0.4 | 257 | N/A | 1969.6% |
Total | 512 | 830 | 548 | 10.8 | -72.4% |
Top Export Markets for Cocoa Butter from South Korea in 2022:
- China (473.0 kg)
This report provides an in-depth analysis of the cocoa butter market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 664 - Cocoa Butter
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cocoa butter market in Republic of Korea.
This report provides an in-depth analysis of the global cocoa butter market.
This report provides an in-depth analysis of the cocoa butter market in Republic of Korea.
This report provides an in-depth analysis of the global cocoa butter market.
Global cocoa butter imports totaled X tons in 2016, dropping by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- how...
Global cocoa butter imports totaled X tons in 2016, dropping by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- how...
The global cocoa butter trade fluctuated mildly over the period under review. A slight drop in 2009 was followed by recovery in 2010 and another decline over 2011-2012. After increasing in 2013 and 2014, exports slightly decreased again in 2015, amount
Malaysia is one of the leaders in the global cocoa butter trade. In 2014, Malaysia exported X thousand tons of cocoa butter totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its
Global cocoa butter imports totaled X tons in 2016, dropping by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- how...
Global cocoa butter imports totaled X tons in 2016, dropping by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- how...
The global cocoa butter trade fluctuated mildly over the period under review. A slight drop in 2009 was followed by recovery in 2010 and another decline over 2011-2012. After increasing in 2013 and 2014, exports slightly decreased again in 2015, amount
Malaysia is one of the leaders in the global cocoa butter trade. In 2014, Malaysia exported X thousand tons of cocoa butter totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its