Algeria: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Algeria

The Algerian cocoa bean market fell notably to $X in 2019, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a mild contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.

Cocoa Bean Imports

Imports into Algeria

In 2019, cocoa bean imports into Algeria fell rapidly to X tonnes, with a decrease of -X% on 2018. Over the period under review, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. From 2013 to 2019, the growth imports failed to regain the momentum.

In value terms, cocoa bean imports shrank rapidly to $X in 2019. Overall, imports showed a mild decrease. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2013 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Cote d'Ivoire (X tonnes) constituted the largest supplier of cocoa bean to Algeria, accounting for a X% share of total imports. Moreover, cocoa bean imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Haiti (X tonnes), threefold. Ecuador (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Cote d'Ivoire was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Haiti (+X% per year) and Ecuador (-X% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa bean to Algeria, comprising X% of total imports. The second position in the ranking was occupied by Haiti ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Cote d'Ivoire amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Haiti (+X% per year) and Ecuador (-X% per year).

Import Prices by Country

In 2019, the average cocoa bean import price amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2010; however, from 2011 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Cote d'Ivoire ($X per tonne) and Haiti ($X per tonne), while the price for Uganda ($X per tonne) and Ecuador ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Haiti, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?

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The countries with the highest volumes of cocoa bean consumption in 2019 were Indonesia (1M tonnes), the Netherlands (825K tonnes) and Cote d'Ivoire (560K tonnes), with a combined 45% share of global consumption.

What are the largest producers of cocoa beans in the world?

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The country with the largest volume of cocoa bean production was Cote d'Ivoire (2.2M tonnes), accounting for 38% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana (812K tonnes), threefold. The third position in this ranking was occupied by Indonesia (784K tonnes), with a 14% share.

What are the leading suppliers of cocoa beans to Algeria?

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In value terms, Cote d'Ivoire ($2M) constituted the largest supplier of cocoa bean to Algeria, comprising 52% of total imports. The second position in the ranking was occupied by Haiti ($635K), with a 17% share of total imports. It was followed by Ecuador, with a 11% share.

What is the average import price for cocoa beans in Algeria?

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The average cocoa bean import price stood at $2,486 per tonne in 2019, with an increase of 4.3% against the previous year.