South Africa - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCocoa Butter Prices in South Africa Plummet by 16% to $4,709 per Ton
South Africa Cocoa Butter Import Price in July 2023
In July 2023, the cocoa butter price amounted to $4,709 per ton (CIF, South Africa), reducing by -16.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 33% month-to-month. The import price peaked at $5,628 per ton in June 2023, and then dropped markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Singapore ($7,184 per ton), while the price for Indonesia ($4,350 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Singapore (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Cocoa Butter in South Africa (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Singapore | 3,872 | 3,947 | 3,796 | 3,677 | 4,096 | 4,190 | 4,334 | 4,199 | 4,197 | 6,175 | N/A | 5,733 | 7,184 |
| Cote d'Ivoire | 5,260 | 5,003 | 4,205 | 4,420 | N/A | N/A | N/A | N/A | 5,423 | N/A | N/A | 5,027 | 5,870 |
| Malaysia | 4,011 | N/A | 4,188 | 3,806 | 4,057 | 4,437 | 4,447 | N/A | 4,185 | 4,717 | 4,559 | 5,183 | 5,619 |
| Indonesia | 3,873 | 4,039 | 3,869 | 3,605 | 3,910 | 4,087 | 4,614 | 3,667 | 3,626 | 6,171 | 5,054 | 5,421 | 4,350 |
| Sweden | N/A | N/A | N/A | N/A | N/A | N/A | 3,312 | N/A | N/A | N/A | N/A | N/A | N/A |
| Average | 3,968 | 4,037 | 4,041 | 3,816 | 4,110 | 4,202 | 3,997 | 3,729 | 3,817 | 5,059 | 4,956 | 5,628 | 4,709 |
South Africa Cocoa Butter Imports
In July 2023, overseas purchases of cocoa butter decreased by -21.8% to 179 tons for the first time since April 2023, thus ending a two-month rising trend. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in June 2023 with an increase of 206% month-to-month.
In value terms, cocoa butter imports contracted markedly to $844K (IndexBox estimates) in July 2023. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in June 2023 with an increase of 247% month-to-month.
South Africa Cocoa Butter Imports by Country
In July 2023, Indonesia (140 tons) constituted the largest cocoa butter supplier to South Africa, with a 78% share of total imports. Moreover, cocoa butter imports from Indonesia exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (21 tons), sevenfold. The third position in this ranking was held by Malaysia (12 tons), with a 6.7% share.
From July 2022 to July 2023, the average monthly growth rate of volume from Indonesia amounted to +1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Cote d'Ivoire (+24.6% per month) and Malaysia (-23.1% per month).
In value terms, Indonesia ($609K) constituted the largest supplier of cocoa butter to South Africa, comprising 72% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($123K), with a 15% share of total imports. It was followed by Malaysia, with an 8% share.
From July 2022 to July 2023, the average monthly rate of growth in terms of value from Indonesia stood at +2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Cote d'Ivoire (+25.7% per month) and Malaysia (-20.9% per month).
This report provides an in-depth analysis of the cocoa butter market in South Africa. 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 Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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
