Australia and Oceania: Cocoa Butter Market 2024

Cocoa Butter Market Size in Australia and Oceania

The cocoa butter market in Australia and Oceania shrank to $X in 2022, declining by -7.4% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Australia and Oceania

In value terms, cocoa butter production shrank to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -23.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 64%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Cocoa Butter Exports

Exports in Australia and Oceania

In 2022, cocoa butter exports in Australia and Oceania surged to X tons, increasing by 111% compared with 2021 figures. In general, exports posted modest growth. The most prominent rate of growth was recorded in 2015 when exports increased by 316%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa butter exports skyrocketed to $X in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 278%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. 94% of total exports in 2022. It was distantly followed by New Zealand (X tons), comprising a 5.2% share of total exports.

Exports from Australia increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, New Zealand (+45.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +45.2% from 2012-2022. New Zealand (+5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest cocoa butter supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 2.7% share of total exports.

In Australia, cocoa butter exports expanded at an average annual rate of +6.9% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by 59% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.2%).

Cocoa Butter Imports

Imports in Australia and Oceania

In 2022, approx. X tons of cocoa butter were imported in Australia and Oceania; with an increase of 15% against 2021 figures. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cocoa butter imports shrank to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 -11.9% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 58%. The level of import peaked 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 approx. 92% of total imports in 2022. It was distantly followed by New Zealand (X tons), committing an 8.1% share of total imports.

Australia was also the fastest-growing in terms of the cocoa butter imports, with a CAGR of +3.6% from 2012 to 2022. New Zealand (-3.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +7 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported cocoa butter in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.5% share of total imports.

In Australia, cocoa butter imports increased at an average annual rate of +7.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, shrinking by -15.7% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 -23.2% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 53% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.0%).

Source: IndexBox Platform

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