Bolivia: Cocoa Market Overview 2020

Cocoa Market Size in Bolivia

The revenue of the cocoa market in Bolivia amounted to $X in 2018, approximately mirroring the previous year. Overall, cocoa consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Cocoa consumption peaked at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Cocoa Production in Bolivia

In value terms, cocoa production amounted to $X in 2018 estimated in export prices. In general, cocoa production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. Cocoa production peaked at $X in 2016; however, from 2017 to 2018, production failed to regain its momentum.

Average yield of cocoa (beans) in Bolivia stood at X kg per ha in 2018, falling by -X% against the previous year. Overall, the cocoa yield continues to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2013 when yield increased by X% year-to-year. Cocoa yield peaked at X kg per ha in 2008; however, from 2009 to 2018, 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.

Cocoa harvested area in Bolivia totaled X ha in 2018, jumping by X% against the previous year. Over the period under review, the total harvested area indicated a prominent expansion from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa harvested area increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2009 when harvested area increased by X% against the previous year. Cocoa harvested area peaked at X ha in 2013; however, from 2014 to 2018, harvested area remained at a lower figure.

Cocoa Exports

Exports from Bolivia

In 2018, the amount of cocoa (beans) exported from Bolivia stood at X tonnes, picking up by X% against the previous year. Overall, cocoa exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. In that year, cocoa exports reached their peak of X tonnes. From 2011 to 2018, the growth of cocoa exports failed to regain its momentum.

In value terms, cocoa exports amounted to $X in 2018. In general, cocoa exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. In that year, cocoa exports attained their peak of $X. From 2011 to 2018, the growth of cocoa exports failed to regain its momentum.

Cocoa Imports

Imports into Bolivia

In 2018, the cocoa imports into Bolivia amounted to X tonnes, lowering by -X% against the previous year. Overall, cocoa imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. In that year, cocoa imports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, cocoa imports amounted to $X in 2018. Over the period under review, cocoa imports, however, continue to indicate a pronounced drop. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. In that year, cocoa imports reached their peak of $X. From 2017 to 2018, the growth of cocoa imports remained at a lower figure.

Source: IndexBox AI Platform