Indonesia's cocoa butter exports to Singapore have shown a declining trend from 2013 to 2023. In 2023, the export volume was 0.115 thousand metric tons. Over the previous two years, the export volume decreased by 4.17% in 2023 and by 1.64% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years was -4.66%, indicating a consistent decline.
Forecasted data from 2024 to 2028 suggest a continuing decrease, with the 2028 projection standing at 0.064 thousand metric tons. The forecasted 5-year CAGR up to 2028 is -9.25%, reflecting an anticipated further reduction in export volumes.
Future trends to watch for include potential impacts of changing global cocoa markets, trade policies between Indonesia and Singapore, and emerging competitors. Monitoring supply chain disruptions and evolving consumer preferences will be crucial to understanding future dynamics.
