Report Update: May 1, 2024

Belgium - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights

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Cocoa Butter Price in Belgium - 2023

Cocoa Butter Price in Belgium (CIF) - 2023

The average cocoa butter import price stood at $6,375 per ton in August 2023, picking up by 2% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 9.3% m-o-m. The import price peaked in August 2023.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was France ($6,494 per ton), while the price for the Netherlands ($6,343 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Cocoa Butter Price in Belgium (FOB) - 2023

In August 2023, the average cocoa butter export price amounted to $8,461 per ton, increasing by 16% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.5%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices hit record highs in August 2023.

Average prices varied somewhat for the major external markets. In August 2023, the countries with the highest prices were Estonia ($9,280 per ton) and Germany ($9,072 per ton), while the average price for exports to France ($6,650 per ton) and Spain ($8,022 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports in Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of cocoa butter, when their volume decreased by -14.9% to 107K tons. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year.

In value terms, cocoa butter imports dropped significantly to $506M in 2022. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports reached the peak of $679M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Cocoa Butter in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	324	365	344	298	-2.7%
France	105	177	138	114	2.8%
Germany	130	129	176	79.4	-15.2%
Others	21.0	8.3	6.9	14.5	-11.6%
Total	579	679	665	506	-4.4%

Top Suppliers of Cocoa Butter to Belgium in 2022:

Netherlands (64.4K tons)
France (22.4K tons)
Germany (17.3K tons)

Cocoa Butter Exports in Belgium

In 2022, shipments abroad of cocoa butter decreased by -66.7% to 4.4K tons, falling for the second year in a row after two years of growth. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 410%. As a result, the exports attained the peak of 18K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa butter exports shrank significantly to $29M in 2022. Overall, exports, however, showed strong growth. The growth pace was the most rapid in 2020 when exports increased by 356%. As a result, the exports reached the peak of $105M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Cocoa Butter in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	6.0	30.6	18.5	7.3	6.8%
France	3.0	15.5	11.6	4.9	17.8%
Netherlands	2.9	11.5	10.4	4.7	17.5%
Estonia	0.1	0.2	0.1	1.7	157.1%
Russia	0.7	3.3	2.3	1.4	26.0%
Italy	1.1	3.4	2.7	1.2	2.9%
China	1.4	3.6	4.1	1.0	-10.6%
United States	1.1	3.4	1.6	0.5	-23.1%
United Kingdom	1.0	3.1	2.4	0.5	-20.6%
Spain	0.8	1.6	1.5	0.5	-14.5%
Poland	0.1	0.6	2.8	0.4	58.7%
Vietnam	0.1	0.4	0.5	0.4	58.7%
Canada	1.5	14.8	8.9	0.2	-48.9%
Others	3.1	12.8	11.2	4.4	12.4%
Total	23.0	105	78.6	29.4	8.5%

Top Export Markets for Cocoa Butter from Belgium in 2022:

Germany (1225.8 tons)
Netherlands (726.2 tons)
France (688.2 tons)
Estonia (369.7 tons)
Russia (196.6 tons)
Italy (165.2 tons)
China (139.0 tons)
Spain (77.9 tons)
Poland (76.0 tons)
United States (71.4 tons)
Vietnam (68.3 tons)
United Kingdom (67.6 tons)
Canada (29.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cocoa butter market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 664 - Cocoa Butter

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023