Mexico: Cocoa Butter Market 2025

Cocoa Butter Market Size in Mexico

The Mexican cocoa butter market rose markedly to $X in 2022, with an increase of 5.7% against the previous year. Over the period under review, consumption, however, recorded a mild setback. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Cocoa Butter Production in Mexico

In value terms, cocoa butter production rose significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Cocoa Butter Exports

Exports from Mexico

Cocoa butter exports from Mexico fell modestly to X tons in 2022, dropping by -3.9% compared with the previous year's figure. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 82% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa butter exports expanded remarkably to $X in 2022. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by 153% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cocoa butter exports from Mexico, with a 62% share of total exports. Moreover, cocoa butter exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-14.7% per year) and the Netherlands (-2.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for cocoa butter exports from Mexico, comprising 56% of total exports. The second position in the ranking was held by the UK ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-11.4% per year) and the Netherlands (-0.7% per year).

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 39%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($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 Germany (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into Mexico

Cocoa butter imports into Mexico reached X tons in 2022, almost unchanged from 2021. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2017 when imports increased by 653% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, cocoa butter imports stood at $X in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 635% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of cocoa butter to Mexico, accounting for a 63% share of total imports. Moreover, cocoa butter imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+34.3% per year) and Colombia (+60.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of cocoa butter to Mexico, comprising 61% of total imports. The second position in the ranking was held by Indonesia ($X), with an 18% share of total imports. It was followed by Colombia, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+46.6% per year) and Colombia (+72.6% per year).

Import Prices by Country

The average cocoa butter import price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 52% 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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