The export of cocoa butter from Malaysia to Singapore demonstrated varying trends over the past decade. In 2023, this value stood at 4.42 Thousand Metric Tons. The year-on-year growth in 2023 was 6.99%, showing a positive short-term trend. Over the last two years, from 2022 to 2023, the growth rate was 6.99%, inline with an overall average annual growth (CAGR) of approximately 5.68% over the past five years. Forecasts suggest a continued upward trajectory with a projected 2.5% CAGR from 2024 to 2028, indicating a 13.13% growth over that period.
Future market trends to watch for include:
- Fluctuations in global cocoa prices could impact export volumes.
- Changes in trade policies between Malaysia and Singapore.
- Consumer demand trends for cocoa products in Singapore.
- Possible advancements in cocoa butter production technology.
