Brazil's cocoa butter exports to the US experienced significant fluctuations from 2013 to 2023. The value of exports stood at 55.92 million USD in 2023. After peaking in 2016, there was a noticeable decline over the subsequent years. More recent years have seen moderate changes, with a slight upward trend in 2021 and 2022, followed by minimal growth in 2023.
Year-on-year changes over the last two years show growth of 2.61% in 2022 and 1.05% in 2023. The compound annual growth rate (CAGR) for the last five years stands at 3.11%. Forecasts from 2024 to 2028 suggest a steady decline, with a forecasted five-year CAGR of -1.38% and an overall potential decrease of 6.71% by 2028.
Future trends to watch for include fluctuations in global cocoa prices, potential shifts in US trade policies, and climatic changes affecting cocoa production in Brazil. Additionally, evolving consumer preferences towards alternative fats and oils may impact demand for cocoa butter exports.
