U.S. - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCocoa Bean Price in the United States - 2023
Contents:
- Cocoa Bean Price in the United States (CIF) - 2023
- Cocoa Bean Price in the United States (FOB) - 2023
- Cocoa Bean Imports in the United States
- Cocoa Bean Exports in the United States
Cocoa Bean Price in the United States (CIF) - 2023
The average cocoa bean import price stood at $3,260 per ton in August 2023, surging by 8.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Ecuador ($3,326 per ton) and Papua New Guinea ($3,283 per ton), while the price for Cote d'Ivoire ($2,740 per ton) and the Dominican Republic ($2,819 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ecuador (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Cocoa Bean Price in the United States (FOB) - 2023
In August 2023, the average cocoa bean export price amounted to $3,261 per ton, with an increase of 3.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 14% month-to-month. As a result, the export price attained the peak level of $3,375 per ton. From December 2022 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($4,900 per ton), while the average price for exports to Canada ($3,175 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Bean Imports in the United States
In 2022, supplies from abroad of cocoa beans decreased by -27.2% to 343K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a noticeable decline. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 471K tons, and then contracted markedly in the following year.
In value terms, cocoa bean imports contracted markedly to $899M in 2022. In general, imports showed a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of $1.3B, and then declined sharply in the following year.
| Import of Cocoa Bean in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 498 | 506 | 749 | 448 | -3.5% |
| Ecuador | 120 | 184 | 197 | 170 | 12.3% |
| Ghana | 181 | 139 | 135 | 139 | -8.4% |
| Dominican Republic | 68.6 | 57.7 | 45.7 | 55.6 | -6.8% |
| Democratic Republic of the Congo | 6.1 | 11.7 | 20.4 | 23.4 | 56.5% |
| Nigeria | 8.5 | 11.8 | 51.6 | 16.3 | 24.2% |
| Papua New Guinea | 11.4 | 29.8 | 19.1 | 13.9 | 6.8% |
| Others | 37.7 | 55.6 | 45.0 | 32.0 | -5.3% |
| Total | 931 | 996 | 1,262 | 899 | -1.2% |
Top Suppliers of Cocoa Bean to the United States in 2022:
- Cote d'Ivoire (171.1K tons)
- Ecuador (69.8K tons)
- Ghana (52.3K tons)
- Dominican Republic (19.4K tons)
- Democratic Republic of the Congo (8.4K tons)
- Nigeria (6.5K tons)
- Papua New Guinea (5.9K tons)
Cocoa Bean Exports in the United States
In 2022, shipments abroad of cocoa beans decreased by -46.7% to 4.6K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by 26% against the previous year. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cocoa bean exports shrank sharply to $14M in 2022. Overall, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $33M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cocoa Bean in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 23.4 | 31.6 | 19.7 | 11.3 | -21.5% |
| Belgium | 0.3 | 0.1 | 1.1 | 0.9 | 44.2% |
| Netherlands | 0.7 | 0.9 | 1.3 | 0.5 | -10.6% |
| Germany | 0.3 | 0.1 | 0.6 | 0.3 | 0.0% |
| Ecuador | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 3.4 | 0.6 | 2.3 | 0.4 | -51.0% |
| Total | 28.1 | 33.2 | 25.1 | 13.7 | -21.3% |
Top Export Markets for Cocoa Bean from the United States in 2022:
- Canada (3752.8 tons)
- Belgium (299.3 tons)
- Netherlands (157.4 tons)
- Germany (142.2 tons)
- Ecuador (125.4 tons)
This report provides an in-depth analysis of the cocoa bean market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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 the U.S..
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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 the U.S..
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This report provides an in-depth analysis of the global cocoa bean market.
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Cocoa Bean imports reached a peak of 479K tons in 2015 but remained lower from 2016 to 2023. In terms of value, Cocoa Bean imports decreased to $769M in 2023.
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In July 2022, the cocoa bean price per ton amounted to $2,642 per ton, rising by 3.3% against the previous month.
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In May 2022, the cocoa bean price per ton stood at $2,722 (CIF, US), increasing by 3.2% against the previous month.
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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...
