Bolivia: Cocoa Bean Market 2024

Cocoa Bean Market Size in Bolivia

The Bolivian cocoa bean market reached $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Cocoa bean consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Cocoa Bean Production in Bolivia

In value terms, cocoa bean production shrank modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Cocoa bean production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of cocoa beans in Bolivia shrank to X kg per ha in 2022, therefore, remained relatively stable against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. The cocoa bean yield peaked at X kg per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cocoa beans production in Bolivia amounted to X ha, approximately equating the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the cocoa bean harvested area failed to regain momentum.

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Cocoa Bean Exports

Exports from Bolivia

In 2022, approx. X tons of cocoa beans were exported from Bolivia; waning by X% on 2021 figures. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cocoa bean exports dropped to $X in 2022. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), Argentina (X tons) and Germany (X tons) were the main destinations of cocoa bean exports from Bolivia, with a combined X% share of total exports. The Netherlands and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Switzerland ($X) emerged as the key foreign market for cocoa beans exports from Bolivia, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa bean export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Bolivia

In 2022, the amount of cocoa beans imported into Bolivia contracted sharply to X tons, which is down by X% compared with 2021 figures. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, cocoa bean imports fell dramatically to $X in 2022. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Ecuador (X tons) was the main supplier of cocoa bean to Bolivia, with a approx. X% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of volume from Ecuador amounted to X%.

In value terms, Ecuador ($X) constituted the largest supplier of cocoa beans to Bolivia.

From 2013 to 2022, the average annual rate of growth in terms of value from Ecuador totaled X%.

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2013 to 2022, the rate of growth in terms of prices for Ecuador amounted to X% per year.

Source: IndexBox Platform

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