The historical data for cocoa butter exports from Ivory Coast to Canada shows significant fluctuations. After initial increases from 2013 to 2014, reaching $4.44 million (32.67% YoY), there was a notable drop in 2015 to $0.504 million (-88.65% YoY). This was followed by a substantial rebound in 2016 with a 483.33% rise to $2.94 million. The year 2017 saw another decline (-67.38% YoY) but a strong recovery in 2018 to $4.52 million (370.91% YoY). Over the recent years, the exports remained relatively stable and showed positive trends, reaching $4.99 million in 2023.
The year-on-year variation from 2021 to 2022 was 3.68%, and from 2022 to 2023, it was 3.53%. The Compound Annual Growth Rate (CAGR) over the last five years is 2.42%. The forecast shows a steady growth of cocoa butter exports, projecting $5.81 million by 2028, corresponding to a forecasted 5-year growth rate of 12.73% and a CAGR of 2.42%.
Future trends to watch for include potential impacts of global trade policies, fluctuations in cocoa prices, and changes in Canadian demand for cocoa butter. Monitoring these factors can help predict any significant deviations from the forecasted growth trajectory.
