Market research

Cocoa butter market in New Zealand

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

New Zealand's cocoa butter market volume expanded consistently from 3 920 metric tons in 2018 to 5 274 metric tons in 2021, reflecting strong demand. However, in 2022, the market contracted sharply to 3 747 metric tons. The following year brought a robust recovery to 5 415 metric tons. This rebound occurred alongside global cocoa supply challenges, where poor harvests in West Africa and shipping disruptions drove up prices and strained supply chains. Simultaneously, local companies adjusted their sourcing strategies, and consumer interest in ethically certified cocoa butter helped sustain market volume despite higher costs.

Cocoa butter imports into New Zealand, a key component of market supply, surged to 4 643 metric tons in 2024 before dropping to 2 578 metric tons in 2025. These movements align with the escalating global cocoa crisis, where record-high prices and supply constraints led chocolate manufacturers to reformulate products and manage costs, affecting import volumes.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in New Zealand
  1. 5.1.1. Annual dynamics of production in New Zealand in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in New Zealand in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from New Zealand in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from New Zealand by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from New Zealand in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from New Zealand by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from New Zealand, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from New Zealand by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from New Zealand in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from New Zealand by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from New Zealand in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from New Zealand by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from New Zealand, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from New Zealand by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to New Zealand in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to New Zealand by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to New Zealand in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to New Zealand by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to New Zealand, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to New Zealand by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to New Zealand in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to New Zealand by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to New Zealand in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to New Zealand by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to New Zealand, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to New Zealand by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production cocoa butter in New Zealand

In kind, 2018-2021, t

Top producers of cocoa butter, 2018-2021

Source: SHEV.io

World map of production of cocoa butter, 2018-2021

Source: SHEV.io

New Zealand's cocoa butter production has increased for the third consecutive year. In 2021, the country produced 1,812 tonnes of cocoa butter, representing a moderate 6.3% increase compared to 2020. Between 2018 and 2021, production grew by 27%, which translates to an annualized growth rate of 8.3%.

Annual dynamics of production in New Zealand in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	9.0%	9.6%	6.3%	8.3%

Source: SHEV.io

Exports cocoa butter from New Zealand

Exports in kind, t

The market showed an unstable trend throughout the period. It reached its lowest point in 2020 and peaked in 2018, with a 37-fold difference between these years. In 2021, New Zealand's cross-border shipments of cocoa butter reached 2 tonnes, marking a significant increase of 189.5% compared to the previous year. The minimum value was recorded in 2020 at 1 tonne, while the largest decline occurred in 2019, with a drop of 91.9%.

Annual dynamics of product's exports from New Zealand in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(91.9%)	(66.9%)	189.5%	(57.3%)

Source: SHEV.io

From 2018 to 2021, Australia and Singapore consistently accounted for 98.3% of total exports in kind, indicating a high degree of market concentration, with the remaining share distributed among a long tail of smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Import levels fluctuated significantly, with a 47-fold difference between the low in 2020 and the high in 2018. In 2021, New Zealand exported cocoa butter worth 6,000 US dollars, representing a dramatic increase of 80.3% compared to 2020. The minimum value was recorded in 2020 at 3,000 US dollars, while the largest decline occurred in 2019, with a drop of 93.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(93.9%)	(65.0%)	80.3%	(66.3%)

Source: SHEV.io

Between 2018 and 2021, two leading markets—Singapore and Australia—together accounted for 97.2% of total exports in value terms, with the remaining volume dispersed across a wide range of other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Imports cocoa butter to New Zealand

Imports in kind, t

Cocoa butter deliveries to New Zealand have increased for the third consecutive year. In 2021, imports stood at 3,463 tonnes, which is 12.8% higher compared to 2020. Over the period from 2018 to 2021, imports grew by 37.7%, with a compound annual growth rate (CAGR) of 11.3%.

Annual dynamics of product's imports to New Zealand in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	7.5%	13.6%	12.8%	11.3%

Source: SHEV.io

From 2018 to 2021, Singapore (41.1% of imports in kind), Indonesia (23.8% of imports in kind), and Malaysia (23.2% of imports in kind) stood out as the main sources for imports in kind, together representing 88.2% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Cocoa butter deliveries to New Zealand have increased for the third consecutive year. In 2021, imports reached 17,883,000 US dollars, marking a small rise of 1.5% compared to the previous year. Over the period from 2018 to 2021, imports grew by 38.1%, with a compound annual growth rate (CAGR) of 11.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	16.0%	17.3%	1.5%	11.4%

Source: SHEV.io

Between 2018 and 2021, Singapore (42.0% of imports in value terms), Indonesia (23.2% of imports in value terms), and Malaysia (22.9% of imports in value terms) were the principal sources for imports in value terms, jointly accounting for 88.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io