China's Cocoa Butter Prices Experience Slight Decrease to $4,580/ton

China

China's Cocoa Butter Import Price in June 2023

The cocoa butter price in China stood at $4,580 per ton (CIF, China) in June 2023, remaining stable compared to the previous month. Despite this, the overall import price shows a relatively flat trend. The highest rate of growth was observed in January 2023, with a 5.9% increase from the previous month. The import price reached a peak of $4,637 per ton in May 2023 but slightly dropped in the following month.

There were noticeable variations in average prices among major supplying countries. In June 2023, Singapore had the highest price at $4,576 per ton, while Malaysia had one of the lowest prices at $4,385 per ton.

Indonesia experienced the most significant price growth (+0.5%) from June 2022 to June 2023, while other major suppliers saw a decline.

China Cocoa Butter Import Prices By Country (USD Per Ton)

China's Cocoa Butter Imports

In June 2023, cocoa butter imports into China surged to 1.5K tons, marking a 45% increase compared to May 2023. However, imports showed a noticeable decline over the stated period. The most significant growth rate was seen in February 2023, with a 96% month-on-month increase.

In terms of value, cocoa butter imports reached $6.7M (IndexBox estimates) in June 2023. Import growth was most rapid in February 2023, with a 105% month-on-month increase.

China's Cocoa Butter Imports by Country

The main suppliers of cocoa butter imports to China were Indonesia (696 tons), Malaysia (420 tons), and Singapore (320 tons), which together accounted for 98% of total imports. Belgium followed with a 1.6% share.

From June 2022 to June 2023, Belgium had the highest increase in imports with a CAGR of +7.2%, while the other leading countries showed mixed trend patterns.

In terms of value, Indonesia ($3.1M), Malaysia ($1.8M), and Singapore ($1.5M) were the largest cocoa butter suppliers to China, constituting a combined 96% share of total imports. Belgium accounted for a further 3.3%.

Among the main suppliers, Belgium recorded the highest growth rate of import value with a CAGR of +7.4% during the review period, while the other leading countries experienced mixed trend patterns.



Source: IndexBox Market Intelligence Platform

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