Australia and Oceania: Cocoa Butter Market 2024

Cocoa Butter Market Size in Australia and Oceania

The cocoa butter market in Australia and Oceania totaled $X in 2022, surging by X% against the previous year. Overall, consumption, however, saw a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Australia and Oceania

In value terms, cocoa butter production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Cocoa Butter Exports

Exports in Australia and Oceania

In 2022, the amount of cocoa butter exported in Australia and Oceania skyrocketed to X tons, increasing by X% on the year before. Overall, exports recorded a mild increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cocoa butter exports surged to $X in 2022. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cocoa butter exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest cocoa butter supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, cocoa butter exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Export price indicated a strong 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Cocoa Butter Imports

Imports in Australia and Oceania

In 2022, the amount of cocoa butter imported in Australia and Oceania rose sharply to X tons, with an increase of X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, cocoa butter imports dropped to $X in 2022. Total imports indicated strong growth 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons), generating an X% share of total imports.

Australia was also the fastest-growing in terms of the cocoa butter imports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported cocoa butter in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, falling by X% against the previous year. Import price indicated a noticeable 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 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

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