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

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Cocoa Bean Market Size in Belgium

In 2019, the Belgian cocoa bean market was finally on the rise to reach $X for the first time since 2016, thus ending a two-year declining trend. Overall, consumption recorded a resilient increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Cocoa Bean Exports

Exports from Belgium

In 2019, shipments abroad of cocoa beans decreased by -X% to X tonnes, falling for the second consecutive year after six years of growth. In general, exports, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, cocoa bean exports contracted slightly to $X in 2019. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main destinations of cocoa bean exports from Belgium, together accounting for X% of total exports. These countries were followed by the UK, Italy, Austria and Spain, which together accounted for a further X 2007 to 2019, the biggest increases were in the UK, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the largest markets for cocoa bean exported from Belgium worldwide, with a combined X% share of total exports. These countries were followed by the UK, Italy, Austria and Spain, which together accounted for a further X UK recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cocoa bean export price amounted to $X per tonne, increasing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2019, the countries with the highest prices were France ($X per tonne) and Germany ($X per tonne), while the average price for exports to Spain ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Belgium

In 2019, approx. X tonnes of cocoa beans were imported into Belgium; jumping by X% against the year before. Over the period under review, imports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, cocoa bean imports surged to $X in 2019. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Cote d'Ivoire (X tonnes) constituted the largest supplier of cocoa bean to Belgium, 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, Ghana (X tonnes), fivefold. Nigeria (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 stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (-X% per year) and Nigeria (-X% per year).

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

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

Import Prices by Country

In 2019, the average cocoa bean import price amounted to $X per tonne, almost unchanged from the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Dominican Republic ($X per tonne), while the price for Cameroon ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, 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?
+
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?
+
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. Indonesia (784K tonnes) ranked third in terms of total production with a 14% share.
What are the leading suppliers of cocoa beans to Belgium?
+
In value terms, Cote d'Ivoire ($384M) constituted the largest supplier of cocoa bean to Belgium, comprising 53% of total imports. The second position in the ranking was occupied by Ghana ($95M), with a 13% share of total imports. It was followed by Nigeria, with a 8.5% share.
What are the leading importers of cocoa beans from Belgium?
+
In value terms, the largest markets for cocoa bean exported from Belgium were Germany ($248M), France ($145M) and the Netherlands ($58M), together comprising 85% of total exports. These countries were followed by the UK, Italy, Austria and Spain, which together accounted for a further 11%.
What is the average export price for cocoa beans in Belgium?
+
In 2019, the average cocoa bean export price amounted to $2,644 per tonne, surging by 3.4% against the previous year.
What is the average import price for cocoa beans in Belgium?
+
The average cocoa bean import price stood at $2,562 per tonne in 2019, approximately equating the previous year.

Product coverage:
• FCL 661 - Cocoa beans

This report provides an in-depth analysis of the cocoa bean market in Belgium. 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:
• Belgium

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Belgium
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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