Global Cocoa Butter Market 2024

Cocoa Butter Market Size

The global cocoa butter market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cocoa Butter Production

In value terms, cocoa butter production reached $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Cocoa Butter Exports

Exports

In 2022, approx. X tons of cocoa butter were exported worldwide; with an increase of X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cocoa butter exports declined to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the global exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Indonesia (X tons), Malaysia (X tons), Cote d'Ivoire (X tons), Germany (X tons), France (X tons) and Ghana (X tons) were the major exporters of cocoa butter, together generating X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest cocoa butter supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

In the Netherlands, cocoa butter exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Ghana ($X per ton) and France ($X per ton), while Cote d'Ivoire ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced more modest paces of growth.

Cocoa Butter Imports

Imports

Global cocoa butter imports expanded rapidly to X tons in 2022, picking up by X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cocoa butter imports declined to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of global imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of cocoa butter, namely Germany, the United States, the Netherlands, Belgium and France, represented more than half of total import. It was distantly followed by the UK (X tons), Poland (X tons) and Italy (X tons), together comprising a X% share of total imports. Canada (X tons), Switzerland (X tons), Russia (X tons), Australia (X tons) and Japan (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of global imports. The Netherlands, France, Poland, the UK, Italy, Canada, Switzerland, Russia, Australia and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa butter import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Canada ($X per ton) and Italy ($X per ton), while Japan ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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