Argentina: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Argentina

In 2019, the Argentinian cocoa bean market increased by X% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption enjoyed a significant expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Cocoa bean consumption peaked in 2019 and is likely to continue growth in the near future.

Cocoa Bean Production in Argentina

In value terms, cocoa bean production reduced dramatically to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a sharp descent. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Cocoa bean production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

The average yield of cocoa beans in Argentina was estimated at X kg per ha in 2019, almost unchanged from the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cocoa bean harvested area in Argentina was estimated at X ha in 2019, remaining stable against 2018 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Cocoa Bean Exports

Exports from Argentina

After five years of growth, shipments abroad of cocoa beans decreased by -X% to X tonnes in 2019. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, cocoa bean exports dropped rapidly to $X in 2019. In general, exports faced a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2019, exports remained at a lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for cocoa bean exports from Argentina, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Malaysia stood at -X%.

In value terms, Malaysia ($X) also remains the key foreign market for cocoa bean exports from Argentina.

From 2007 to 2019, the average annual growth rate of value to Malaysia amounted to -X%.

Export Prices by Country

In 2019, the average cocoa bean export price amounted to $X per tonne, falling by -X% against the previous year. In general, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2009 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2010 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2007 to 2019, the rate of growth in terms of prices for Malaysia amounted to -X% per year.

Cocoa Bean Imports

Imports into Argentina

In 2019, imports of cocoa beans into Argentina expanded markedly to X tonnes, surging by X% against the year before. In general, total imports indicated a prominent expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, cocoa bean imports expanded sharply to $X in 2019. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X tonnes), Ecuador (X tonnes) and Brazil (X tonnes) were the main suppliers of cocoa bean imports to Argentina, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Colombia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Ecuador ($X) and Brazil ($X) constituted the largest cocoa bean suppliers to Argentina, together accounting for X% of total imports.

Colombia recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average cocoa bean import price amounted to $X per tonne, with an increase of 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 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Peru ($X per tonne) and Venezuela ($X per tonne), while the price for Colombia ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, 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), together comprising 45% of global consumption.

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

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Cote d'Ivoire (2.2M tonnes) constituted the country with the largest volume of cocoa bean production, 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. Indonesia (784K tonnes) ranked third in terms of total production with a 14% share.

What are the leading suppliers of cocoa beans to Argentina?

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In value terms, the largest cocoa bean suppliers to Argentina were Colombia ($777K), Ecuador ($482K) and Brazil ($89K), with a combined 95% share of total imports.

What are the leading importers of cocoa beans from Argentina?

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In value terms, Malaysia ($139K) remains the key foreign market for cocoa bean exports from Argentina.

What is the average export price for cocoa beans in Argentina?

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In 2019, the average cocoa bean export price amounted to $1,400 per tonne, with a decrease of -36% against the previous year.

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

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In 2019, the average cocoa bean import price amounted to $2,889 per tonne, with an increase of 4.1% against the previous year.