Global Cocoa Butter Market Overview
In value terms, cocoa butter production stood at $ in 2018 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by % against the previous year. Global production peaked at $ in 2008; however, from 2009 to 2018, production remained at a lower figure.
China ( tonnes) constituted the country with the largest volume of cocoa butter production, accounting for % of total volume. Moreover, cocoa butter production in China exceeded the figures recorded by the second-largest producer, India ( tonnes), threefold. The third position in this ranking was occupied by Indonesia ( tonnes), with a % share.
In China, cocoa butter production contracted by an average annual rate of -% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: India (-% per year) and Indonesia (+% per year).
The global cocoa butter market size dropped modestly to $ in 2018, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2009 to 2018, the growth of the global market failed to regain the momentum.
From 2007 to 2018, the average annual growth rate of volume in China amounted to -%. In the other countries, the average annual rates were as follows: India (-% per year) and the U.S. (-% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by the U.S. ($). It was followed by Japan.
In China, the cocoa butter market shrank by an average annual rate of -% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of market growth: the U.S. (+% per year) and Japan (+% per year).
The countries with the highest levels of cocoa butter per capita consumption in 2018 were Germany ( kg per persons), Japan ( kg per persons) and Russia ( kg per persons).
From 2007 to 2018, the most notable rate of growth in terms of cocoa butter per capita consumption, amongst the leading consuming countries, was attained by Germany, while cocoa butter per capita consumption for the other global leaders experienced mixed trends in the per capita consumption figures.