United Kingdom - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUK Cocoa Butter Price Reaches $4,427 per Ton After Two Months of Continuous Growth
United Kingdom Cocoa Butter Import Price in November 2022
In November 2022, the cocoa butter price amounted to $4,427 per ton (CIF, United Kingdom), picking up by 2.7% against the previous month. Overall, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in May 2022 an increase of 6.7% against the previous month. Over the period under review, average import prices attained the peak figure at $5,164 per ton in January 2022; however, from February 2022 to November 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2022, the countries with the highest prices were the Netherlands ($4,813 per ton) and Malaysia ($4,499 per ton), while the price for Cote d'Ivoire ($3,864 per ton) and China ($4,028 per ton) were amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.8%), while the prices for the other major suppliers experienced a decline.
United Kingdom Cocoa Butter Imports
In November 2022, approximately 5.1K tons of cocoa butter were imported into the UK; with a decrease of -1.6% compared with the month before. The total import volume increased at an average monthly rate of +2.5% over the period from January 2022 to November 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 with an increase of 44% against the previous month. As a result, imports reached the peak of 5.7K tons. From April 2022 to November 2022, the growth of imports failed to regain momentum.
In value terms, cocoa butter imports amounted to $22M (IndexBox estimates) in November 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when imports increased by 42% against the previous month. As a result, imports reached the peak of $28M. From April 2022 to November 2022, the growth of imports remained at a lower figure.
United Kingdom Cocoa Butter Imports by Country
the Netherlands (2.6K tons), Cote d'Ivoire (1.6K tons) and Germany (212 tons) were the main suppliers of cocoa butter imports to the UK, with a combined 86% share of total imports. These countries were followed by Malaysia, Nigeria and China, which together accounted for a further 11%.
From January 2022 to November 2022, the biggest increases were in Nigeria (with a CAGR of +216.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($12M) constituted the largest supplier of cocoa butter to the UK, comprising 55% of total imports. The second position in the ranking was held by Cote d'Ivoire ($6M), with a 27% share of total imports. It was followed by Malaysia, with a 4% share.
From January 2022 to November 2022, the average monthly growth rate of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Cote d'Ivoire (+8.4% per month) and Malaysia (+25.6% per month).
Factors Affecting Cocoa Butter Prices
Cocoa butter is a key ingredient in the production of chocolate, cosmetics, and personal care products. The price of cocoa butter in the UK has been subject to fluctuations due to several factors.
The price of cocoa butter is closely linked to the price of cocoa beans, which are the raw materials used to produce cocoa butter. Any changes in the price of cocoa beans can have a significant impact on the price of cocoa butter. For example, if the price of cocoa beans increases, the cost of producing cocoa butter also rises, leading to higher cocoa butter prices.
The cost of processing cocoa beans into cocoa butter also affects its price. The price of cocoa butter will be higher if the cost of processing cocoa beans into cocoa butter is high. Similarly, if the cost of processing cocoa beans is low, the price of cocoa butter will be relatively lower.
Government policies can also have an impact on the price of cocoa butter in the UK. For example, import duties and tariffs on cocoa beans or cocoa butter can increase the cost of importing the commodity, leading to higher prices for consumers.
This report provides an in-depth analysis of the cocoa butter market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
