Cocoa Butter Market Overview in Canada
In value terms, cocoa butter production totaled $333M in 2010 estimated in export prices. The total output value increased at an average annual rate of +6.5% from 2007 to 2010; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of 29% year-to-year. Over the period under review, cocoa butter production reached its peak figure level at $384M in 2009, and then declined slightly in the following year.
The revenue of the cocoa butter market in Canada amounted to $411M in 2010, reducing by -13.7% against 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). The market value increased at an average annual rate of +4.8% over the period from 2007 to 2010; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of 38% year-to-year. In that year, the cocoa butter market reached its peak level of $493M. From 2009 to 2010, the growth of the cocoa butter market remained at a somewhat lower figure.