New Zealand: Cocoa Butter Market 2024

Cocoa Butter Market Size in New Zealand

The New Zealand cocoa butter market fell rapidly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a abrupt decline. Cocoa butter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in New Zealand

In value terms, cocoa butter production declined to $X in 2022 estimated in export price. Over the period under review, production faced a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Cocoa butter production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cocoa Butter Exports

Exports from New Zealand

In 2022, shipments abroad of cocoa butter increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed significant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, cocoa butter exports soared to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Samoa (X tons) was the main destination for cocoa butter exports from New Zealand, with a X% share of total exports. Moreover, cocoa butter exports to Samoa exceeded the volume sent to the second major destination, Australia (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Samoa amounted to X%.

In value terms, Samoa ($X) emerged as the key foreign market for cocoa butter exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Samoa stood at X%.

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Cocoa Butter Imports

Imports into New Zealand

In 2022, purchases abroad of cocoa butter decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a pronounced decline. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cocoa butter imports dropped dramatically to $X in 2022. Over the period under review, imports continue to indicate a slight slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Singapore (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of cocoa butter imports to New Zealand, together accounting for X% of total imports. These countries were followed by Ghana, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest cocoa butter suppliers to New Zealand were Singapore ($X), Malaysia ($X) and Indonesia ($X), with a combined X% share of total imports. These countries were followed by Ghana, which accounted for a further X%.

Ghana, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cocoa butter import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per ton) and Singapore ($X per ton), while the price for Ghana ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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