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U.S. Cocoa Butter Price Bottoms at $4,511 per Ton

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Archives, Global Trade Daily, Market insight

U.S. Cocoa Butter Price Bottoms at $4,511 per Ton

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U.S. Cocoa Butter Import Price per Ton July 2022

In July 2022, the cocoa butter price per ton stood at $4,511, dropping by -5.2% against the previous month. Over the period under review, the import price recorded a slight decline. The growth pace was the most rapid in February 2022 when the average import price increased by 4% month-to-month. As a result, import price attained the peak level of $4,970 per ton. From March 2022 to July 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In July 2022, the highest price was recorded for prices from Brazil ($4,793 per ton) and Canada ($4,760 per ton), while the price for Ghana ($4,172 per ton) and Peru ($4,236 per ton) were amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced a decline.

U.S. Cocoa Butter Imports

In July 2022, approximately 11K tons of cocoa butter were imported into the United States; with a decrease of -14.6% on the previous month. Overall, total imports indicated moderate growth from January 2022 to July 2022: its volume increased at an average monthly rate of +3.5% over the last six-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, imports increased by +79.6% against February 2022 indices. The most prominent rate of growth was recorded in March 2022 with an increase of 52% against the previous month. Imports peaked at 12K tons in June 2022, and then reduced in the following month.

In value terms, cocoa butter imports contracted notably to $48M (IndexBox estimates) in July 2022. Over the period under review, total imports indicated a moderate increase from January 2022 to July 2022: its value increased at an average monthly rate of +2.5% over the last six-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, imports decreased by -19.0% against June 2022 indices. The growth pace was the most rapid in March 2022 with an increase of 50% m-o-m. Imports peaked at $59M in June 2022, and then declined rapidly in the following month.

U.S. Cocoa Butter Imports by Country

Malaysia (4.2K tons), Indonesia (2.6K tons) and Ghana (780 tons) were the main suppliers of cocoa butter imports to the United States, with a combined 72% share of total imports.

From January 2022 to July 2022, the biggest increases were in Malaysia (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($18M), Indonesia ($12M) and Ghana ($3.3M) appeared to be the largest cocoa butter suppliers to the United States, together comprising 70% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +21.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source:  https://www.indexbox.io/blog/cocoa-butter-price-per-ton-july-2022/

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Archives, Global Trade Daily, Imports/Exports, News

Indonesia Boosts Cocoa Butter Exports to Australia and India to Offset Falling American Purchases

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IndexBox has just published a new report: ‘Indonesia – Cocoa Butter – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

Indonesian cocoa butter exports remained robust in 2020, growing to $791M. The U.S., the Netherlands and India constitute the main markets for Indonesian cocoa butter, with a combined 49% share of the total exports. The supplies to the U.S. dropped by -20% y-o-y in value terms. Indonesia has compensated for these losses by boosting exports to Australia, India, Estonia, United Arab Emirates and the Netherlands. 

Indonesian Cocoa Butter Exports

In 2020, approx. 144K tonnes of cocoa butter were exported from Indonesia, remaining constant against 2019. In value terms, cocoa butter exports rose from $785M in 2019 to $791M (IndexBox estimates) in 2020.

The U.S. (38K tonnes), the Netherlands (21K tonnes) and India (12K tonnes) were the main destinations of cocoa butter exports from Indonesia, with a combined 49% share of total exports. These countries were followed by Germany, Estonia, Australia, Canada, China, Russia, Japan, Mexico, France and the United Arab Emirates, which together accounted for a further 44%.

In value terms, the U.S. ($209M), the Netherlands ($113M) and India ($65M) were the largest markets for cocoa butter exported from Indonesia, together comprising 49% of total exports.

In 2020, Indonesian supplies to the U.S. fell by -$54M compared to the previous year. By contrast, exports to Australia (+$16M), India (+$15M), Estonia (+$10M), United Arab Emirates (+$9M) and the Netherlands (+$9M) increased.

In 2020, the average cocoa butter export price amounted to $5,474 per tonne. Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to the United Arab Emirates ($5,659 per tonne) and China ($5,587 per tonne), while the average prices for exports to Germany ($5,172 per tonne) and the Netherlands ($5,394 per tonne) were amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform