SADC: Cocoa Butter Market 2024

Cocoa Butter Market Size in SADC

The SADC cocoa butter market amounted to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Cocoa Butter Production in SADC

In value terms, cocoa butter production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Cocoa Butter Exports

Exports in SADC

Cocoa butter exports skyrocketed to X tons in 2022, with an increase of X% compared with the year before. Over the period under review, exports, however, showed a mild decline. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa butter exports reduced notably to $X in 2022. Overall, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Angola represented the major exporting country with an export of about X tons, which resulted at X% of total exports. South Africa (X tons) ranks second in terms of the total exports with a X% share, followed by Mauritius (X%). Madagascar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cocoa butter exports from Angola stood at X%. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) and Madagascar (X%) illustrated a downward trend over the same period. Angola (X p.p.), Mauritius (X p.p.) and Madagascar (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X), Angola ($X) and Mauritius ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Mauritius, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Madagascar ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced mixed trends in the export price figures.

Cocoa Butter Imports

Imports in SADC

Cocoa butter imports rose markedly to X tons in 2022, increasing by X% against 2021 figures. Over the period under review, imports, however, showed a mild curtailment. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa butter imports contracted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2022. Zimbabwe (X tons) and Mozambique (X tons) took a little share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. While the share of Zimbabwe (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported cocoa butter in SADC, comprising X% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and Mozambique (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, falling by X% against the previous year. Import price indicated a perceptible 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 import price decreased by X% against 2015 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 failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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