Cocoa butter market in Oceania

Earlier Report Observations

From 2018 to 2022, the cocoa butter market volume in Oceania expanded consistently, rising from 26 760 t to 38 380 t. This growth was supported by a sharp increase in domestic production, which more than doubled from 5 892 t to 12 040 t over the same period, while imports remained robust, fluctuating between 19 525 t and 26 354 t. In 2023, the market volume dipped to 37 170 t, as imports slightly decreased and production stabilized.

In 2024, imports rose to 27 935 t, suggesting sustained demand. The market was influenced by global trends, including the introduction of heat-resistant cocoa butter for tropical climates through partnerships like Fuji Oil Holdings with Mars Wrigley, and a shift in consumer preferences towards natural, organic, and ethically sourced products. Technological advancements in processing and supply chain disruptions also played a role in shaping supply and quality.

Production cocoa butter in Oceania

In kind, 2017-2020, t

Top producers of cocoa butter, 2017-2020

World map of production of cocoa butter, 2017-2020

Cocoa butter production in Oceania increased for the second consecutive year. In 2020, Oceania produced 10 082 tonnes of cocoa butter, marking a slight 2.0% increase compared to 2019. Production reached its lowest point in 2018 at 5 892 tonnes, which represented the largest decline of 4.8% that year. However, 2019 saw the most significant growth with a 67.7% increase. Overall, between 2017 and 2020, production rose by 63%, averaging an annual growth rate of 17.7%.

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

Exports cocoa butter from Oceania

Exports in kind, t

The market showed an unstable trend throughout the period. Exports reached their highest level in 2018 at 188 tonnes, but fell to their lowest in 2019 at 51 tonnes, creating a 3.7-fold difference between these peak and trough years. The largest decline occurred in 2019 with a 72.9% drop. In 2020, cross-border shipments of cocoa butter from Oceania amounted to 61 tonnes, representing a 19.3% year-on-year increase.

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

From 2017 to 2020, Singapore, Malaysia, and Indonesia remained the primary markets for Oceania's cocoa butter exports in volume terms. Singapore accounted for 41.5% of exports, Malaysia for 14.2%, and Indonesia for 8.5%. Together, these three countries represented 64.2% of total export flows.

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

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

Exports in value, M $ US

After a two-year decline, cocoa butter export volumes from Oceania increased. The lowest value was recorded in 2019 at 0.3 million US dollars, which also saw the largest decline of 57.5%. In 2020, exports reached 0.4 million US dollars, reflecting a substantial 20.1% gain compared to the previous year. Between 2017 and 2020, exports decreased by 59.2%, averaging an annual decline of 25.8%.

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

During the 2017–2020 period, Singapore, Malaysia, and Indonesia formed the main cluster of markets for Oceania's cocoa butter exports in value terms. Singapore held 24.9% of exports, Malaysia 17.4%, and Indonesia 8.4%. Collectively, these three countries accounted for 50.8% of total export flows.

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

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

Imports cocoa butter to Oceania

Imports in kind, t

In 2020, cocoa butter imports into Oceania totaled 22 576 tonnes, showing a strong 15.6% increase from the previous year. The lowest volume was recorded in 2019 at 19 525 tonnes, which also experienced the largest decline of 7.3%. Between 2017 and 2020, imports grew by 7.5%, with an average annual growth rate of 2.5%.

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

From 2017 to 2020, Singapore, Indonesia, and Malaysia accounted for the largest share of cocoa butter imports into Oceania in volume terms. Singapore represented 38.7% of imports, Indonesia 35.2%, and Malaysia 23.7%. Together, these three countries comprised 97.6% of total import flows.

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

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

Imports in value, M $ US

After a two-year drop, Oceania's cocoa butter import volume increased. The lowest value was recorded in 2019 at 105.1 million US dollars, which also saw the largest decline of 8.0%. In 2020, Oceania imported 129.3 million US dollars worth of cocoa butter, marking a strong 23.1% rise compared to the previous year. Between 2017 and 2020, imports increased by 10.2%, averaging an annual growth rate of 3.3%.

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

Over the 2017–2020 period, Singapore, Indonesia, and Malaysia consistently held leading positions in Oceania's cocoa butter import structure in value terms. Singapore accounted for 40.0% of imports, Indonesia for 33.9%, and Malaysia for 23.1%. Collectively, these three countries represented 97.0% of total import flows.

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

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