Russian Federation: Cocoa Butter Market 2025

Cocoa Butter Market Size in the Russian Federation

In 2022, after two years of growth, there was decline in the Russian cocoa butter market, when its value decreased by -1% to $X. Over the period under review, consumption, however, continues to indicate a perceptible slump. Cocoa butter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in the Russian Federation

In value terms, cocoa butter production amounted to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 19%. Cocoa butter production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cocoa Butter Exports

Exports from the Russian Federation

In 2022, exports of cocoa butter from Russia declined to X tons, approximately equating 2021 figures. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 1,161%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa butter exports shrank to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,237% against the previous year. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Ukraine (X tons), Kazakhstan (X tons) and Armenia (X tons) were the main destinations of cocoa butter exports from Russia, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +285.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Kazakhstan ($X) and Armenia ($X) constituted the largest markets for cocoa butter exported from Russia worldwide, together comprising 90% of total exports.

In terms of the main countries of destination, Armenia, with a CAGR of +299.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter export price increased by +22.9% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 83% against the previous year. The export price peaked 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 Armenia ($X per ton), while the average price for exports to Belarus ($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 Azerbaijan (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into the Russian Federation

In 2022, approx. X tons of cocoa butter were imported into Russia; falling by -7.2% against the previous year's figure. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, cocoa butter imports declined slightly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +3.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 56%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest cocoa butter supplier to Russia, accounting for a 57% share of total imports. Moreover, cocoa butter imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.2% per year) and Singapore (+24.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cocoa butter to Russia, comprising 57% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total imports. It was followed by Singapore, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.6% per year) and Singapore (+25.8% per year).

Import Prices by Country

In 2022, the average cocoa butter import price amounted to $X per ton, growing by 4.4% against the previous year. In general, import price indicated a strong expansion 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. Based on 2022 figures, cocoa butter import price decreased by -1.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 68% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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