Argentina: Cocoa Bean Market 2022

Cocoa Bean Market Size in Argentina

The Argentinian cocoa bean market surged to $X in 2021, rising 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 recorded a pronounced expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Cocoa Bean Exports

Exports from Argentina

In 2021, overseas shipments of cocoa beans decreased by -X% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cocoa bean exports reduced sharply to $X in 2021. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for cocoa bean exports from Argentina, accounting for a X% share of total exports. Moreover, cocoa bean exports to Malaysia exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at -X%.

In value terms, Malaysia ($X) remains the key foreign market for cocoa bean exports from Argentina, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to -X%.

Export Prices by Country

In 2021, the average cocoa bean export price amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%).

Cocoa Bean Imports

Imports into Argentina

In 2021, approx. X tons of cocoa beans were imported into Argentina; growing by X% against the year before. In general, imports, however, saw a mild reduction. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cocoa bean imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Colombia (X tons) constituted the largest supplier of cocoa bean to Argentina, with a X% share of total imports. Moreover, cocoa bean imports from Colombia exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Colombia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-X% per year) and Peru (+X% per year).

In value terms, Colombia ($X) constituted the largest supplier of cocoa bean to Argentina, comprising X% of total imports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-X% per year) and Peru (+X% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Peru ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform