Chile: Cocoa Butter Market 2025

Cocoa Butter Market Size in Chile

In 2022, after two years of growth, there was significant decline in the Chilean cocoa butter market, when its value decreased by -23.4% to $X. Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then declined dramatically in the following year.

Cocoa Butter Production in Chile

In value terms, cocoa butter production reduced remarkably to $X in 2022 estimated in export price. In general, production saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cocoa Butter Exports

Exports from Chile

In 2022, cocoa butter exports from Chile contracted significantly to X kg, waning by 99.9% compared with the previous year. Overall, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2016 with an increase of 335%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa butter exports dropped notably to $X in 2022. Over the period under review, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2016 with an increase of 284% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X kg) was the main destination for cocoa butter exports from Chile, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled -76.9%.

In value terms, Canada ($X) emerged as the key foreign market for cocoa butter exports from Chile.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to -77.6%.

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, growing by 72% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +11.7% 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 2013 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +6.5% per year.

Cocoa Butter Imports

Imports into Chile

In 2022, after two years of growth, there was significant decline in purchases abroad of cocoa butter, when their volume decreased by -22.1% to X tons. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, cocoa butter imports dropped rapidly to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 97%. Over the period under review, imports reached the maximum at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of cocoa butter to Chile, accounting for a 58% share of total imports. Moreover, cocoa butter imports from Brazil exceeded the figures recorded by the second-largest supplier, Peru (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+177.2% per year) and Malaysia (+132.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of cocoa butter to Chile, comprising 59% of total imports. The second position in the ranking was held by Peru ($X), with a 15% share of total imports. It was followed by Indonesia, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+152.8% per year) and Indonesia (+33.7% per year).

Import Prices by Country

In 2022, the average cocoa butter import price amounted to $X per ton, which is down by -3.7% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 -11.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 67% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ecuador ($X per ton) and Peru ($X per ton), while the price for Malaysia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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