Market research

Cocoa butter market in Venezuela

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2019, cocoa butter production in Venezuela increased from 8 286 t to 9 854 t, while the market volume grew from 7 526 t to 8 855 t. This expansion was facilitated by the inauguration of the Elaborados del Cacao processing plant, which aimed to enhance domestic supply and exports through value-added products like cocoa paste and chocolate coatings. Venezuela's global recognition for fine aroma cocoa beans and rising international demand for premium chocolate ingredients further supported market growth.

Production and market volume dipped in 2020 to 8 175 t and 7 730 t respectively, then saw a moderate recovery in 2021 and 2022, with the market reaching 8 214 t in 2022. However, by 2023, both production and market volume declined again to 8 708 t and 7 453 t.

By 2024, industry reports indicated that Venezuela's cocoa production capacity remained limited at approximately 18 000 t against a potential of 100 000 t, due to insufficient reinvestment in cocoa plantations. This constraint impacted the cocoa butter market's ability to meet demand, which was amplified by record-high global cocoa prices and adverse weather conditions in major African producing countries. The market strategy remained centered on improving production processes and strengthening the international position of Venezuelan cocoa derivatives.

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, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Venezuela
  1. 5.1.1. Annual dynamics of production in Venezuela in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Venezuela 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 Venezuela in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  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 Venezuela, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ 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 Venezuela in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  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 Venezuela, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ 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 Venezuela in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  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 Venezuela, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ 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 Venezuela in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  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 Venezuela, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ 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, 2018-2024
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 Venezuela

In kind, 2017-2020, t

From 2017 to 2020, Venezuela ranked 23rd globally in cocoa butter production volume.

Top producers of cocoa butter, 2017-2020

Source: SHEV.io

World map of production of cocoa butter, 2017-2020

Source: SHEV.io

In 2020, Venezuela produced 8,175 tons of cocoa butter, marking a significant 17.0% decrease from the previous year. Over the period from 2017 to 2020, production fell by 8.6%, averaging an annual decline of 3.0%. The highest production level was recorded in 2019 at 9,854 tons, which also saw the largest increase of 18.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.4%)	18.9%	(17.0%)	(3.0%)

Source: SHEV.io

In value, 2017-2020, K $ US

Following two years of growth, Venezuela's cocoa butter production experienced a decline. In 2020, the output was valued at 40,266 thousand US dollars, representing a solid 16.4% drop from the year before. Between 2017 and 2020, production decreased by 6.3%, with an average annual rate of decline of 2.1%. The peak value occurred in 2019 at 48,154 thousand US dollars, which also recorded the largest increase of 7.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.3%	7.4%	(16.4%)	(2.1%)

Source: SHEV.io

Exports cocoa butter from Venezuela

Exports in kind, t

In 2020, Venezuela's cocoa butter export volume stood at 444.4 tons, reflecting a sharp 55.5% decrease compared to 2019. From 2017 to 2020, exports declined by 54.9%, with a compound annual growth rate of -23.3%. The maximum export volume was in 2019 at 999.0 tons, which also saw the largest increase of 31.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(22.9%)	31.4%	(55.5%)	(23.3%)

Source: SHEV.io

Between 2017 and 2020, Venezuela's cocoa butter exports in kind were primarily directed toward the United States and the Netherlands, which together accounted for 80.3% of total flows, while other destinations played a more minor role.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, Venezuela's foreign cocoa butter supplies totaled 2,189 thousand US dollars, showing a steep 55.2% year-over-year drop. From 2017 to 2020, exports decreased by 53.8%, averaging an annual decline of 22.7%. The highest value was recorded in 2019 at 4,882 thousand US dollars, which also experienced the largest increase of 18.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.1%)	18.7%	(55.2%)	(22.7%)

Source: SHEV.io

Throughout 2017 to 2020, two countries—the United States and the Netherlands—dominated the value of cocoa butter exports from Venezuela, with other markets being less significant individually.

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

Source: SHEV.io

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

Source: SHEV.io