Report Update: Apr 1, 2024

South Africa - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cocoa Butter Price in South Africa - 2023

Cocoa Butter Price in South Africa (CIF) - 2023

In September 2023, the average cocoa butter import price amounted to $5,487 per ton, growing by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 33% against the previous month. Over the period under review, average import prices attained the peak figure at $5,628 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Singapore ($6,330 per ton), while the price for Indonesia ($4,491 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Singapore (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Cocoa Butter Price in South Africa (FOB) - 2022

In 2022, the average cocoa butter export price amounted to $5,609 per ton, falling by -14.8% against the previous year. Overall, the export price saw a pronounced descent. The pace of growth was the most pronounced in 2016 an increase of 655% against the previous year. As a result, the export price attained the peak level of $40,611 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($10,339 per ton), while the average price for exports to Swaziland ($1,172 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports in South Africa

In 2022, the amount of cocoa butter imported into South Africa rose significantly to 3.9K tons, surging by 8.4% compared with the previous year. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa butter imports shrank to $17M in 2022. Overall, imports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of 13%. As a result, imports attained the peak of $21M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Cocoa Butter in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	5.9	5.8	3.0	5.7	-1.1%
Indonesia	7.5	11.3	7.7	5.0	-12.6%
Singapore	4.7	3.7	6.4	4.6	-0.7%
Cote d'Ivoire	0.3	N/A	1.3	0.8	38.7%
Others	0.6	0.5	0.3	0.5	-5.9%
Total	18.9	21.3	18.7	16.5	-4.4%

Top Suppliers of Cocoa Butter to South Africa in 2022:

Malaysia (1300.3 tons)
Indonesia (1224.1 tons)
Singapore (1116.3 tons)
Cote d'Ivoire (167.5 tons)

Cocoa Butter Exports in South Africa

In 2022, overseas shipments of cocoa butter decreased by -29.1% to 11 tons, falling for the second year in a row after two years of growth. In general, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 16%. As a result, the exports attained the peak of 27 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa butter exports contracted significantly to $63K in 2022. Over the period under review, exports showed a sharp shrinkage. The smallest decline of -14.5% was in 2020.

Export of Cocoa Butter in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kenya	77.0	77.7	21.8	35.8	-22.5%
Malawi	6.3	9.4	19.6	12.9	27.0%
Zambia	25.3	2.6	22.1	7.4	-33.6%
Mozambique	10.9	7.0	23.4	5.2	-21.9%
Angola	1.8	0.5	N/A	1.0	-17.8%
Botswana	3.8	1.4	1.7	0.8	-40.5%
Lesotho	2.9	6.5	1.7	0.1	-67.5%
Namibia	11.2	0.4	0.7	N/A	-75.0%
United Arab Emirates	N/A	16.9	2.8	N/A	-83.4%
Others	7.9	3.3	11.2	0.2	-70.6%
Total	147	126	105	63.4	-24.4%

Top Export Markets for Cocoa Butter from South Africa in 2022:

Lesotho (undefined tons)
Namibia (undefined tons)
Kenya (8.4 tons)
Malawi (1.3 tons)
Zambia (0.7 tons)
Mozambique (0.5 tons)
Angola (0.2 tons)
Botswana (0.1 tons)

Source: IndexBox Market Intelligence Platform

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.

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