Cocoa butter market in Bolivia

Earlier Report Observations

From 2018 to 2023, Bolivia's cocoa butter market volume remained relatively stable, fluctuating between 2 050 t and 2 114 t. The market reached its peak in 2019 at 2 114 t, a period marked by the enactment of Departmental Law No. 88 of Native Amazonian Cocoa of Beni, which fostered sustainable production and protection of native cocoa varieties, likely stimulating domestic supply.

After 2019, the market volume gradually declined over the next three years, reaching a low of 2 021 t in 2022. A rebound to 2 083 t occurred in 2023, coinciding with the passage of National Law No. 438 aimed at protecting wild cocoa areas and promoting agroforestry cultivation, which provided fresh incentives for production. The approval of the EU Deforestation-Free Regulation in April 2023 also began shaping export expectations, though its direct impact on domestic market volume that year was limited.

Production cocoa butter in Bolivia

In kind, 2017-2020, t

Top producers of cocoa butter, 2017-2020

World map of production of cocoa butter, 2017-2020

In 2020, Bolivia produced 2 045 tons of cocoa butter, maintaining stable production levels compared to the previous year. Over the 2017-2020 period, production grew by 5.1%, representing a compound annual growth rate of 1.7%. The highest production volume was recorded in 2018 at 2 052 tons, which marked a 5.5% increase from the previous year. The most significant decline occurred in 2019, when production fell by 0.5%.

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

In value, 2017-2020, K $ US

In 2020, Bolivia's cocoa butter production was valued at 16 495 thousand US dollars, showing a moderate increase of 4.3% compared to 2019. From 2017 to 2020, the value of production rose by 12.9%, equivalent to a 4.1% compound annual growth rate. The most substantial increase occurred in 2018 with a 9.1% rise, while the largest decline was recorded in 2019 at 0.8%.

Annual dynamics of production in Bolivia in value, 2017-2020, K $ US

Exports cocoa butter from Bolivia

Exports in kind, t

Export volumes of cocoa butter from Bolivia showed considerable volatility during the observation period. The lowest export volume was recorded in 2019 at 80.1 tons, while the highest occurred in 2020 at 140.1 tons, representing a 1.8-fold difference between these years. In 2020, exports surged by 75.0% compared to 2019. The most significant decline was observed in 2018, when exports fell by 28.6%.

Annual dynamics of product's exports from Bolivia in kind, 2017-2020, t

From 2017 to 2020, Bolivia's cocoa butter exports were exclusively directed to Germany, which accounted for 100.0% of total export volumes throughout this period.

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

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

Exports in value, K $ US

Bolivia's cocoa butter export values demonstrated notable volatility during the observed period. The lowest value was recorded in 2019 at 620 thousand US dollars, while the highest occurred in 2020 at 1 130 thousand US dollars, representing a 1.8-fold difference. In 2020, export values surged dramatically by 82.2% compared to the previous year. The most significant decline was observed in 2018, when export values fell by 26.1%.

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

Between 2017 and 2020, Germany was the sole destination for Bolivia's cocoa butter exports in value terms, accounting for 100.0% of total export revenue.

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

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

Imports cocoa butter to Bolivia

Imports in kind, t

Bolivia's cocoa butter imports increased for the third consecutive year in 2020, reaching 154.2 tons, which represented a modest 0.8% rise compared to 2019. From 2017 to 2020, import volumes grew by 32.6%, equivalent to a compound annual growth rate of 9.9%.

Annual dynamics of product's imports to Bolivia in kind, 2017-2020, t

During the 2017-2020 period, Ecuador and Peru were the dominant suppliers of cocoa butter to Bolivia, together accounting for 98.0% of total import volumes, while other trading partners played a minor role.

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

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

Imports in value, K $ US

After two years of growth, Bolivia's cocoa butter import values declined in 2020 to 949 thousand US dollars, representing a modest 4.0% decrease compared to the previous year. The highest import value was recorded in 2019 at 988 thousand US dollars. From 2017 to 2020, import values increased by 31.6%, equivalent to a 9.6% compound annual growth rate. The most substantial increase occurred in 2018 with a 22.8% rise.

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

Between 2017 and 2020, Ecuador and Peru were the primary sources of Bolivia's cocoa butter imports in value terms, together accounting for 98.6% of total import expenditure, with the remainder distributed among other trading partners.

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

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