Price for Cocoa Beans; Whole or Broken, Raw or Roasted in India - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in India (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in India (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in India
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in India
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in India (CIF) - 2023
The average import price for cocoa beans; whole or broken, raw or roasteds stood at $3,609 per ton in October 2023, rising by 5.2% against the previous month. Over the period under review, import price indicated a noticeable expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cocoa beans; whole or broken, raw or roasteds increased by +45.8% against March 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% month-to-month. Over the period under review, average import prices hit record highs in October 2023.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Indonesia ($3,946 per ton), while the price for the Dominican Republic ($3,466 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in India (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $4,441 per ton in 2022, reducing by -23.4% against the previous year. In general, the export price, however, posted a tangible expansion. The growth pace was the most rapid in 2016 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,801 per ton in 2021, and then reduced notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($7,599 per ton), while the average price for exports to Indonesia ($1,124 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 Singapore (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in India
In 2022, supplies from abroad of cocoa beans; whole or broken, raw or roasteds increased by 50% to 34K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds surged to $84M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 19.1 | 8.9 | 4.0 | 33.9 | 21.1% |
| Uganda | 12.7 | 12.4 | 16.1 | 18.1 | 12.5% |
| Dominican Republic | N/A | 0.1 | 1.8 | 15.5 | 1145.0% |
| Madagascar | 0.2 | 2.7 | 4.2 | 6.7 | 222.4% |
| Ghana | N/A | N/A | 2.1 | 2.8 | 33.3% |
| Tanzania | 1.6 | 2.5 | 3.8 | 2.8 | 20.5% |
| Ecuador | 7.5 | 14.8 | 11.6 | 1.3 | -44.2% |
| Cote d'Ivoire | 12.0 | N/A | 1.7 | N/A | -62.4% |
| Congo | 2.6 | 17.0 | 10.3 | N/A | 99.0% |
| Others | 8.9 | 2.0 | 1.1 | 2.5 | -34.5% |
| Total | 64.7 | 60.4 | 56.9 | 83.6 | 8.9% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to India in 2022:
- Democratic Republic of the Congo (14.5K tons)
- Uganda (7.7K tons)
- Dominican Republic (5.5K tons)
- Madagascar (2.8K tons)
- Tanzania (1.2K tons)
- Ghana (1.1K tons)
- Ecuador (0.5K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in India
In 2022, after three years of growth, there was significant decline in overseas shipments of cocoa beans; whole or broken, raw or roasteds, when their volume decreased by -53.1% to 56 tons. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 119 tons, and then dropped dramatically in the following year.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds fell sharply to $248K in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $691K, and then reduced rapidly in the following year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 44.9 | 82.0 | 137 | 79.1 | 20.8% |
| Belgium | 106 | 49.5 | 135 | 62.4 | -16.2% |
| Japan | 19.2 | 29.9 | 87.2 | 44.2 | 32.0% |
| Indonesia | N/A | N/A | N/A | 26.8 | 0% |
| United Kingdom | N/A | 10.0 | 1.4 | 5.6 | -25.2% |
| Switzerland | 49.0 | 72.8 | 110 | 3.3 | -59.3% |
| Germany | 1.2 | 4.8 | 4.5 | 2.8 | 32.6% |
| Netherlands | 33.9 | 151 | 44.9 | 0.2 | -81.9% |
| Russia | 32.6 | N/A | 62.5 | N/A | 38.5% |
| Others | 33.0 | 30.1 | 108 | 23.7 | -10.4% |
| Total | 320 | 430 | 691 | 248 | -8.1% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from India in 2022:
- Indonesia (23.8 tons)
- United States (11.4 tons)
- Belgium (8.9 tons)
- Japan (5.8 tons)
- Germany (1.5 tons)
- United Kingdom (1.0 tons)
- Switzerland (0.4 tons)
1951
This report provides an in-depth analysis of the cocoa bean market in India.
11272
This report provides an in-depth analysis of the global cocoa bean market.
1951
This report provides an in-depth analysis of the cocoa bean market in India.
11272
This report provides an in-depth analysis of the global cocoa bean market.
339
In March 2023, the price of Cocoa Beans stood at $2,475 per ton (CIF, India), maintaining stability compared to the previous month.
208
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.
1725
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.
636
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>
3319
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 ...
6532
Global cocoa consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1580
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...
10538
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...
1688
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.
1429
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
