Russian Federation: Cocoa Butter Market 2024

Cocoa Butter Market Size in the Russian Federation

The Russian cocoa butter market totaled $X in 2022, approximately equating the previous year. Overall, consumption, however, recorded a deep contraction. Cocoa butter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cocoa Butter Production in the Russian Federation

In value terms, cocoa butter production totaled $X in 2022 estimated in export price. In general, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cocoa Butter Exports

Exports from the Russian Federation

In 2022, approx. X tons of cocoa butter were exported from Russia; reducing by X% against 2021 figures. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, cocoa butter exports contracted significantly to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons), Armenia (X tons) and Lithuania (X tons) were the main destinations of cocoa butter exports from Russia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for cocoa butter exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated a slight 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. Based on 2022 figures, cocoa butter export price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the 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 Kyrgyzstan ($X per ton), while the average price for exports to Armenia ($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 Kazakhstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Butter Imports

Imports into the Russian Federation

In 2022, overseas purchases of cocoa butter increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa butter imports dropped to $X in 2022. In general, total imports indicated mild 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 2014 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Estonia (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of cocoa butter imports to Russia, with a combined X% share of total imports. The Netherlands, Singapore, France and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (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 Russia were Estonia ($X), Malaysia ($X) and Indonesia ($X), together accounting for X% of total imports. The Netherlands, Singapore, France and Germany lagged somewhat behind, together accounting for a further X%.

France, 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, with a decrease of X% against the previous year. Over the period under review, import price indicated pronounced 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 pace of growth was the most pronounced 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 highest price was recorded for prices from the Netherlands ($X per ton) and Germany ($X per ton), while the price for Indonesia ($X per ton) and Estonia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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