The export of cocoa butter from Singapore to Thailand showed significant fluctuation over the past decade. The export value peaked in 2014 and dropped sharply in 2015, followed by a recovery period with variations up until 2023 where it stood at 115.0 thousand US Dollars. Over the last two years, the year-on-year percentage change was positive, with 12.77% in 2022 and 8.49% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years indicated a 9.22% increase per year. Future projections suggest moderate growth, with the export value expected to reach 127.0 thousand US Dollars by 2028, and a forecasted 5-year CAGR of 1.65% leading to a growth rate of 8.55% by 2028.
Future trends to watch for include:
- Market conditions influencing supply chain and trade dynamics.
- Changes in demand for cocoa butter within Thailand that could affect export values.
- External economic factors like trade policies and tariffs affecting international trade.
