Cocoa butter market in Guyana

Earlier Report Observations

Guyana's cocoa butter market volume decreased from 189.2 t in 2018 to 179.6 t in 2019, then entered a phase of gradual growth, reaching 182.7 t by 2023. This movement indicated a recovery from the initial decline.

The market's stabilization aligned with broader global trends where rising demand for premium chocolate and expanding use in personal care products bolstered consumption. Concurrently, supply-side pressures from climate variability and geopolitical instability contributed to ongoing price volatility and potential disruptions.

Regulatory developments, including the European Union Deforestation-free Regulation scheduled for late 2025, introduced new sustainability requirements for supply chains. Shifting consumer preferences toward clean-label and organic products also played a role in shaping market dynamics.

Production cocoa butter in Guyana

In kind, 2018-2021, t

Top producers of cocoa butter, 2018-2021

World map of production of cocoa butter, 2018-2021

Cocoa butter production in Guyana increased for the second consecutive year. In 2021, Guyana produced 180.8 t of cocoa butter, remaining virtually unchanged from 2020. Over the period from 2018 to 2021, production decreased by 4.2%, with a compound annual growth rate of 1.4%. The lowest production level was recorded in 2019 at 179.1 t. The largest decline occurred in 2019 with a 5.1% drop, while the largest increase was in 2020 with a 0.6% rise.

Annual dynamics of production in Guyana in kind, 2018-2021, t

Exports cocoa butter from Guyana

Exports in kind, kg

The market exhibited volatility during the observed period. Exports reached their lowest point in 2019 and peaked in 2020, showing a 22-fold difference between these years. In 2021, Guyana exported 45.6 kg of cocoa butter, which represents an 84.5% decrease compared to 2020. The highest export volume was recorded in 2020 at 294.0 kg. The largest increase occurred in 2020 with a surge of 2,123.9%.

Annual dynamics of product's exports from Guyana in kind, 2018-2021, kg

From 2018 to 2021, three key markets—Antigua and Barbuda, the United States, and the British Virgin Islands—collectively accounted for 89.3% of Guyana's total cocoa butter exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Guyana in kind, 2018-2021

Exports in value, $ US

Cocoa butter shipments from Guyana to abroad increased for the second consecutive year. In 2021, Guyana exported 608 US dollars worth of cocoa butter, marking a sharp advance of 252.3% compared to 2020. Between 2019 and 2021, exports grew by 334.3%, equating to an annualized rate of 63.2%.

Annual dynamics of product's exports from Guyana in value, 2018-2021, $ US

From 2018 to 2021, three principal markets—the British Virgin Islands, Saint Vincent and the Grenadines, and Saint Kitts and Nevis—together accounted for 81.2% of Guyana's total cocoa butter exports in value terms.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Guyana in value, 2018-2021

Imports cocoa butter to Guyana

Imports in kind, kg

Cocoa butter shipments to Guyana from abroad declined for the second consecutive year. In 2021, imports amounted to 329.5 kg, representing a slight drop of 1.8% compared to 2020. Over the period from 2018 to 2021, imports decreased by 31.5%, with a compound annual growth rate of 11.8%. The highest import volume was recorded in 2019 at 525.8 kg. The largest decline occurred in 2020 with a 36.2% decrease, while the largest increase was in 2019 with a 9.3% rise.

Annual dynamics of product's imports to Guyana in kind, 2018-2021, kg

From 2018 to 2021, the United States remained the dominant partner for cocoa butter imports in kind to Guyana, holding a 72.2% share of total flows, while other markets formed a long tail.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Guyana in kind, 2018-2021

Imports in value, $ US

The market showed signs of volatility over the observed period. Import volumes dropped to their lowest point in 2020 and peaked in 2019, with a top-to-bottom ratio of 2 times. In 2021, cross-border shipments of cocoa butter to Guyana stood at 4 880 US dollars, up by 12.2% year-on-year. The minimum value was recorded in 2020 at 4 350 US dollars, while the maximum was in 2019 at 8 913 US dollars. The largest decline occurred in 2020 with a 51.2% decrease, and the largest increase was in 2019 with a 103.4% rise.

Annual dynamics of product's imports to Guyana in value, 2018-2021, $ US

From 2018 to 2021, two markets—the United States and Belgium—played leading roles in cocoa butter imports in value terms, together accounting for 86.9% of total flows, while the rest was distributed among other destinations.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Guyana in value, 2018-2021