Report Update: May 1, 2024

Lithuania - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights

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Cocoa Butter Price in Lithuania - 2023

Cocoa Butter Price in Lithuania (CIF) - 2023

The average cocoa butter import price stood at $5,700 per ton in September 2023, waning by -9.4% against the previous month. In general, import price indicated a perceptible increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cocoa butter import price decreased by -9.4% against August 2023 indices. The pace of growth was the most pronounced in December 2022 an increase of 36% month-to-month. The import price peaked at $6,291 per ton in August 2023, and then reduced in the following month.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were the Netherlands ($6,015 per ton) and Spain ($5,293 per ton), while the price for Ukraine ($4,579 per ton) and Cote d'Ivoire ($4,744 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Cocoa Butter Price in Lithuania (FOB) - 2023

The average cocoa butter export price stood at $6,471 per ton in September 2023, with a decrease of -2.9% against the previous month. Over the period under review, export price indicated a temperate increase from September 2022 to September 2023: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cocoa butter export price increased by +24.8% against February 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 34% against the previous month. Over the period under review, the average export prices hit record highs at $6,668 per ton in August 2023, and then dropped in the following month.

Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were Belgium ($8,512 per ton) and Hungary ($7,151 per ton), while the average price for exports to Belarus ($6,121 per ton) and Poland ($6,157 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports in Lithuania

In 2022, approx. 885 tons of cocoa butter were imported into Lithuania; rising by 4.2% against the year before. In general, imports, however, continue to indicate a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of 8%. As a result, imports reached the peak of 1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cocoa butter imports shrank markedly to $4.2M in 2022. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, imports attained the peak of $6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cocoa Butter in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	4.4	4.8	4.6	3.3	-9.1%
Estonia	N/A	N/A	N/A	0.2	0%
Spain	0.1	0.1	0.1	0.2	26.0%
Ukraine	N/A	N/A	N/A	0.1	0%
Cote d'Ivoire	0.4	0.6	0.2	0.1	-37.0%
Hungary	N/A	N/A	N/A	N/A	0%
Others	0.5	0.5	0.2	0.2	-26.3%
Total	5.4	6.0	5.1	4.2	-8.0%

Top Suppliers of Cocoa Butter to Lithuania in 2022:

Netherlands (667.1 tons)
Estonia (58.9 tons)
Cote d'Ivoire (38.6 tons)
Ukraine (36.5 tons)
Spain (36.2 tons)
Hungary (21.6 tons)

Cocoa Butter Exports in Lithuania

In 2022, approx. 797 tons of cocoa butter were exported from Lithuania; with an increase of 25% against the year before. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 206% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, cocoa butter exports surged to $4.1M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 167%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Cocoa Butter in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belarus	193	1,615	1,701	1,490	97.6%
Hungary	N/A	169	537	1,087	153.6%
Estonia	121	958	2.3	733	82.3%
Poland	520	383	82.7	229	-23.9%
Russia	428	122	218	189	-23.8%
Slovakia	N/A	15.6	61.4	123	180.8%
Slovenia	N/A	N/A	N/A	30.4	0%
Others	163	544	311	187	4.7%
Total	1,424	3,805	2,913	4,069	41.9%

Top Export Markets for Cocoa Butter from Lithuania in 2022:

Belarus (347.5 tons)
Hungary (238.2 tons)
Poland (54.7 tons)
Russia (43.2 tons)
Estonia (33.0 tons)
Slovakia (29.4 tons)
Slovenia (18.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cocoa butter market in Lithuania. 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:

Lithuania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Lithuania
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023