Cocoa butter market in Angola

Earlier Report Observations

At the start of the period, Angola's cocoa butter market stood at 174.9 tons in 2018. Efforts to revive cocoa cultivation in Cabinda province began as part of economic diversification, and the launch of the country's first artisanal chocolate brand in 2019 marked the entry of a new player, though the market size temporarily contracted to 159.6 tons that year. By 2020, a global drop in cocoa production from major suppliers Ghana and Côte d'Ivoire raised international prices, encouraging local investment and contributing to a recovery in market volume to 178.9 tons.

Investment in modernizing production and the use of the 'Made in Angola' seal, coupled with rising world demand and prices, supported further market growth to 188.5 tons in 2021. However, the market volume declined to 142.3 tons in 2022 due to a combination of lower domestic production and a significant increase in exports.

In 2023, the continued impact of reduced global cocoa supplies and a devaluation of the Angolan kwanza affected import costs, yet the market volume rebounded to 157.6 tons as local production efforts persisted. Ongoing policy support, highlighted by the Sustainable Investment Map of Angola, continues to encourage investments in cocoa cultivation and processing.

Production cocoa butter in Angola

In kind, 2017-2020, t

Top producers of cocoa butter, 2017-2020

World map of production of cocoa butter, 2017-2020

In 2019, Angola's cocoa butter production reached its lowest point at 158.6 tons. The following year, in 2020, production rose slightly to 162.0 tons, marking a 2.1% increase from 2019. Looking at the broader period from 2017 to 2020, production declined by 2.3%, which translates to an average annual decrease of 0.8%. The highest production level was recorded in 2018 at 172.9 tons, representing a 4.3% increase from the previous year. Conversely, the largest decline occurred in 2019, with an 8.3% drop.

Annual dynamics of production in Angola in kind, 2017-2020, t

Exports cocoa butter from Angola

Exports in kind, kg

Angola's cocoa butter exports have grown for the second year in a row. In 2019, exports were minimal, but by 2020 they surged to 35 195 kg, reflecting an extraordinary increase of 351 852.6% compared to 2019. Over the period from 2018 to 2020, exports expanded by 3 519 426%, averaging an annual growth rate of 3 177.1%.

Annual dynamics of product's exports from Angola in kind, 2017-2020, kg

From 2017 to 2020, the Democratic Republic of the Congo and Congo were the primary buyers of cocoa butter from Angola, accounting for 100.0% of total exports in volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Angola in kind, 2017-2020

Exports in value, $ US

Angola's cocoa butter export value has increased for the second consecutive year. In 2020, exports reached 28 088 US dollars, showing a dramatic rise of 57 152.8% from the previous year. Between 2018 and 2020, export value grew by 2 283 496.7%, with an average annual increase of 2 737.1%.

Annual dynamics of product's exports from Angola in value, 2017-2020, $ US

During 2017–2020, the Democratic Republic of the Congo and Congo dominated Angola's cocoa butter exports in value terms, together representing 99.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Angola in value, 2017-2020

Imports cocoa butter to Angola

Imports in kind, kg

Angola's cocoa butter import volumes showed significant fluctuations from 2017 to 2020. In 2019, imports hit their lowest point at 969 kg. The following year, in 2020, imports jumped to 52 133 kg, a 5 279.2% increase from 2019. This resulted in a 54-fold variation between the low in 2019 and the high in 2020. The largest decline occurred in 2018, with a 61.9% drop.

Annual dynamics of product's imports to Angola in kind, 2017-2020, kg

From 2017 to 2020, Indonesia was the leading supplier of cocoa butter to Angola, holding 70.5% of total import volume, while other partners had smaller shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Angola in kind, 2017-2020

Imports in value, $ US

Angola's cocoa butter import value experienced notable swings from 2017 to 2020. In 2019, import value was at its minimum of 4 321 US dollars. By 2020, it peaked at 58 603 US dollars, a sharp increase of 1 256.2% from 2019, creating a 13.6-fold gap between these years. The largest decline was in 2018, with a 68.1% decrease.

Annual dynamics of product's imports to Angola in value, 2017-2020, $ US

Over 2017–2020, Indonesia, Portugal, and China were the top sources for Angola's cocoa butter imports in value terms. Indonesia accounted for 46.3%, Portugal for 22.8%, and China for 12.9%, together making up 82.0% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Angola in value, 2017-2020