The export of cocoa butter from Singapore to Malaysia exhibited significant year-on-year fluctuations between 2013 and 2023. With a notable spike in 2020 and consistent growth since, the volume reached 3,040 Metric Tons in 2023. Data from 2024 onwards indicate a projected moderate increase with a forecasted CAGR of 1.51% over the next five years.
Future trends to watch include:
- Potential impact of global cocoa production variations on supply stability.
- Shifts in demand influenced by changes in consumer preferences towards healthier fats.
- Trade policy adjustments between Singapore and Malaysia affecting export volumes.