Singapore - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCocoa Bean Price in Singapore - 2022
Contents:
- Cocoa Bean Price in Singapore (CIF) - 2022
- Cocoa Bean Price in Singapore (FOB) - 2022
- Cocoa Bean Imports in Singapore
- Cocoa Bean Exports in Singapore
Cocoa Bean Price in Singapore (CIF) - 2022
In September 2022, the average cocoa bean import price amounted to $3,241 per ton, falling by -3.9% against the previous month. Overall, the import price saw a slight reduction. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 0.7% month-to-month. The import price peaked at $3,697 per ton in January 2022; however, from February 2022 to September 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the countries with the highest prices were Cote d'Ivoire ($3,464 per ton) and Papua New Guinea ($3,341 per ton), while the price for Ghana ($2,951 per ton) and Nigeria ($3,128 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.6%), while the prices for the other major suppliers experienced a decline.
Cocoa Bean Price in Singapore (FOB) - 2022
In 2022, the average cocoa bean export price amounted to $8,407 per ton, jumping by 212% against the previous year. Over the period under review, the export price showed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($32,897 per ton), while the average price for exports to Japan ($1,142 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Bean Imports in Singapore
In 2022, imports of cocoa beans into Singapore dropped modestly to 95K tons, therefore, remained relatively stable against the year before. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 8.3% against the previous year. As a result, imports attained the peak of 96K tons, leveling off in the following year.
In value terms, cocoa bean imports shrank to $235M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $263M, and then fell in the following year.
| Import of Cocoa Bean in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 107 | 51.1 | 92.1 | 65.5 | -15.1% |
| Indonesia | 43.7 | 53.6 | 41.8 | 42.8 | -0.7% |
| Cote d'Ivoire | 4.4 | 11.2 | 40.8 | 40.3 | 109.2% |
| Cameroon | 34.7 | 53.6 | 35.3 | 26.5 | -8.6% |
| Ecuador | 1.9 | 9.8 | 10.2 | 15.5 | 101.3% |
| Papua New Guinea | 3.3 | 12.2 | 13.0 | 14.0 | 61.9% |
| Nigeria | N/A | N/A | 1.0 | 11.5 | 1050.0% |
| Philippines | 3.6 | 8.3 | 6.4 | 4.9 | 10.8% |
| Uganda | 9.3 | 4.1 | 6.7 | 2.9 | -32.2% |
| Others | 8.1 | 23.3 | 15.8 | 10.9 | 10.4% |
| Total | 216 | 227 | 263 | 235 | 2.9% |
Top Suppliers of Cocoa Bean to Singapore in 2022:
- Ghana (27.2K tons)
- Indonesia (18.5K tons)
- Cote d'Ivoire (15.2K tons)
- Cameroon (10.5K tons)
- Ecuador (6.1K tons)
- Papua New Guinea (5.6K tons)
- Nigeria (4.9K tons)
- Philippines (1.9K tons)
- Uganda (1.1K tons)
Cocoa Bean Exports in Singapore
Cocoa bean exports from Singapore contracted sharply to 7 tons in 2022, which is down by -93.8% on the previous year. Overall, exports recorded a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 496%.
In value terms, cocoa bean exports dropped dramatically to $59K in 2022. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 262%.
| Export of Cocoa Bean in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 127 | N/A | N/A | 41.1 | -31.3% |
| Maldives | 0.1 | N/A | 2.8 | 11.5 | 386.3% |
| Vietnam | N/A | N/A | N/A | 2.8 | 0% |
| Malaysia | 181 | 0.4 | 303 | 2.4 | -76.3% |
| Japan | 0.2 | N/A | N/A | 0.8 | 58.7% |
| Hong Kong SAR | 43.4 | 77.8 | N/A | N/A | 79.3% |
| Others | 22.4 | 6.2 | N/A | 0.5 | -71.8% |
| Total | 374 | 84.4 | 306 | 59.3 | -45.9% |
Top Export Markets for Cocoa Bean from Singapore in 2022:
- Australia (3.8 tons)
- Malaysia (1.3 tons)
- Vietnam (0.8 tons)
- Japan (0.7 tons)
- Maldives (0.4 tons)
This report provides an in-depth analysis of the cocoa bean market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 661 - Cocoa beans
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the cocoa bean market in Singapore.
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This report provides an in-depth analysis of the global cocoa bean market.
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This report provides an in-depth analysis of the cocoa bean market in Singapore.
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This report provides an in-depth analysis of the global cocoa bean market.
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Discover the top 10 countries by import value of cocoa beans in the global market. Learn about key statistics and market trends in the cocoa bean industry.
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The closure of the HoReCa segment caused the demand for cocoa beans to collapse in 2020, while the production remained stable. This led to a surge in unsold cocoa bean stocks in exporter-countries. EU chocolate producers are now trying to enlist a range of measures to ensure stable demand and secure supply chains on the cocoa bean market.
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In 2016, the amount of cocoa bean imported worldwide stood at X tons, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
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In 2016, the global cocoa bean exports totaled X tons, falling by -X% against the previous year level. The total export volume increased at an average annual rate of +X% over the period from ...
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Global cocoa consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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In value terms, cocoa beans exports amounted to $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the l...
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In value terms, cocoa beans imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some notic...
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In 2015, the countries with the highest levels of cocao production were Côte D'Ivoire (X thousand tons), Ghana (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
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Côte d'Ivoire dominates in the global сocoa bean trade. In 2014, Côte d'Ivoire exported X thousand tons of сocoa beans totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its
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Discover the top 10 countries by import value of cocoa beans in the global market. Learn about key statistics and market trends in the cocoa bean industry.
