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Asia - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Asia

For the third year in a row, the Asian cocoa bean market recorded growth in sales value, which increased by X% to $X in 2020. The total consumption indicated a perceptible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The level of consumption peaked in 2020 and is likely to see gradual growth in years to come.

Cocoa Bean Production in Asia

In value terms, cocoa bean production expanded slightly to $X in 2020 estimated in export prices. The total production indicated a perceptible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2010; however, from 2011 to 2020, production failed to regain the momentum.

Indonesia (X tonnes) constituted the country with the largest volume of cocoa bean production, accounting for X% of total volume. It was followed by India (X tonnes), with a X% share of total production.

From 2007 to 2020, the average annual rate of growth in terms of volume in Indonesia was relatively modest.

In 2020, the average yield of cocoa beans in Asia fell to X kg per ha, almost unchanged from the previous year's figure. in general, the yield continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. Over the period under review, the cocoa bean yield hit record highs at X kg per ha in 2008; however, from 2009 to 2020, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the cocoa bean harvested area in Asia expanded modestly to X ha, increasing by X% on the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2009 when the harvested area increased by X% year-to-year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2020, the harvested area remained at a lower figure.

Production by Country in Asia

Indonesia (X tonnes) remains the largest cocoa bean producing country in Asia, comprising approx. X% of total volume. It was followed by India (X tonnes), with a X% share of total production.

From 2007 to 2020, the average annual growth rate of volume in Indonesia was relatively modest.

Cocoa Bean Exports

Exports in Asia

In 2020, shipments abroad of cocoa beans decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2010; however, from 2011 to 2020, exports remained at a lower figure.

In value terms, cocoa bean exports contracted slightly to $X in 2020. in general, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. The level of export peaked at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Malaysia represented the main exporter of cocoa beans in Asia, with the volume of exports recording X tonnes, which was near X% of total exports in 2020. Indonesia (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by the United Arab Emirates (X%). The following exporters - the Philippines (X tonnes) and Turkey (X tonnes) - each accounted for a X% share of total exports.

Exports from Malaysia increased at an average annual rate of +X% from 2007 to 2020. at the same time, the United Arab Emirates (+X%), the Philippines (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. by contrast, Indonesia (-X%) illustrated a downward trend over the same period. While the share of Malaysia (+X p.p.), the United Arab Emirates (+X p.p.), the Philippines (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Indonesia (-X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest cocoa bean supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Malaysia, cocoa bean exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

In 2020, the cocoa bean export price in Asia amounted to $X per tonne, surging by X% against the previous year. Export price indicated a notable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cocoa bean export price increased by +X% against 2017 indices. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the United Arab Emirates ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Cocoa Bean Imports

Imports in Asia

After four years of growth, supplies from abroad of cocoa beans decreased by -X% to X tonnes in 2020. Total imports indicated a modest expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2019, and then contracted slightly in the following year.

In value terms, cocoa bean imports rose rapidly to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. The level of import peaked in 2020 and is likely to see steady growth in the near future.

Imports by Country

Malaysia was the key importer of cocoa beans in Asia, with the volume of imports recording X tonnes, which was approx. X% of total imports in 2020. Indonesia (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by Turkey (X%), Singapore (X%) and Japan (X%). The following importers - India (X tonnes) and China (X tonnes) - each resulted at a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Turkey ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of total imports.

In terms of the main importing countries, Indonesia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the cocoa bean import price in Asia amounted to $X per tonne, growing by X% against the previous year. Over the period from 2007 to 2020, 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, import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. in 2020, major importing countries recorded the following prices: in Japan ($X per tonne) and India ($X per tonne), while Turkey ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in Asia?
+
The country with the largest volume of cocoa bean consumption was Indonesia (959K tonnes), comprising approx. 59% of total volume. Moreover, cocoa bean consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia (290K tonnes), threefold. Turkey (133K tonnes) ranked third in terms of total consumption with a 8.3% share.
What are the largest producers of cocoa beans in Asia?
+
The country with the largest volume of cocoa bean production was Indonesia (788K tonnes), accounting for 94% of total volume. It was followed by India (26K tonnes), with a 3.1% share of total production.
What are the leading suppliers of cocoa beans in Asia?
+
In value terms, Malaysia ($243M) remains the largest cocoa bean supplier in Asia, comprising 63% of total exports. The second position in the ranking was occupied by Indonesia ($76M), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 8.9% share.
What are the leading importers of cocoa beans in Asia?
+
In value terms, Malaysia ($972M), Indonesia ($506M) and Turkey ($341M) constituted the countries with the highest levels of imports in 2020, with a combined 77% share of total imports.
What is the average export price for cocoa beans in Asia?
+
The cocoa bean export price in Asia stood at $2,704 per tonne in 2020, growing by 7.4% against the previous year.
What is the average import price for cocoa beans in Asia?
+
In 2020, the cocoa bean import price in Asia amounted to $2,554 per tonne, rising by 8.1% against the previous year.

Product coverage:
• FCL 661 - Cocoa beans

This report provides an in-depth analysis of the cocoa bean market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Yield and Growth
Figure 11:
Exports and Growth
Figure 12:
Export Prices and Growth
Figure 13:
Market Size and Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports and Growth
Figure 16:
Import Prices
Figure 17:
Production, in Physical Terms, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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