Australia: Cocoa Butter Market 2024

Cocoa Butter Market Size in Australia

The Australian cocoa butter market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a perceptible curtailment. Cocoa butter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cocoa Butter Production in Australia

In value terms, cocoa butter production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, showed a deep setback. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Cocoa butter production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Cocoa Butter Exports

Exports from Australia

Cocoa butter exports from Australia skyrocketed to X tons in 2022, picking up by X% compared with the previous year. Overall, exports posted a mild expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa butter exports surged to $X in 2022. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for cocoa butter exports from Australia, with a X% share of total exports. Moreover, cocoa butter exports to New Zealand exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Japan (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for cocoa butter exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average cocoa butter export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated prominent growth 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. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into Australia

For the third year in a row, Australia recorded growth in purchases abroad of cocoa butter, which increased by X% to X tons in 2022. 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cocoa butter imports contracted slightly to $X in 2022. Overall, 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% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Singapore (X tons) and Malaysia (X tons) were the main suppliers of cocoa butter imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa butter suppliers to Australia were Indonesia ($X), Singapore ($X) and Malaysia ($X), with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa butter import price stood at $X per ton in 2022, falling by X% against the previous year. In general, import price indicated tangible growth 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 growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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