Report Chile - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 1, 2023

Chile - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Cocoa Bean Market 2023

Cocoa Bean Market Size in Chile

The Chilean cocoa bean market surged to $X in 2021, picking up by 20% against the previous year. In general, consumption showed a prominent increase. Cocoa bean consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cocoa Bean Production in Chile

In value terms, cocoa bean production rose markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.9% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Cocoa bean production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Cocoa Bean Exports

Exports from Chile

In 2021, after two years of growth, there was significant decline in shipments abroad of cocoa beans, when their volume decreased by -21.4% to X tons. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 477%. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, cocoa bean exports fell dramatically to $X in 2021. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 382% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then reduced sharply in the following year.

Exports by Country

Italy (X tons) was the main destination for cocoa bean exports from Chile, accounting for a 98% share of total exports. It was followed by Switzerland (X kg), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +44.3%.

In value terms, Italy ($X) remains the key foreign market for cocoa bean exports from Chile, comprising 98% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +55.3%.

Export Prices by Country

In 2021, the average cocoa bean export price amounted to $X per ton, with an increase of 5.7% against the previous year. In general, the export price recorded a prominent expansion. The growth pace was the most rapid in 2018 an increase of 86% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+13.3%).

Cocoa Bean Imports

Imports into Chile

In 2021, overseas purchases of cocoa beans increased by 6.6% to X tons, rising for the fifth year in a row after two years of decline. In general, imports posted significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 1,776%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, cocoa bean imports fell slightly to $X in 2021. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 2,393%. Over the period under review, imports reached the maximum at $X in 2020, and then shrank modestly in the following year.

Imports by Country

Peru (X tons), Ecuador (X tons) and the United States (X kg) were the main suppliers of cocoa bean imports to Chile, together comprising 98% of total imports.

From 2012 to 2021, the biggest increases were in Peru (with a CAGR of +122.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Ecuador ($X) and the United States ($X) constituted the largest cocoa bean suppliers to Chile, together comprising 95% of total imports.

In terms of the main suppliers, Peru, with a CAGR of +127.8%, saw 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

The average cocoa bean import price stood at $X per ton in 2021, declining by -10.6% against the previous year. Over the period under review, the import price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?
+
The countries with the highest volumes of consumption in 2021 were Indonesia, Cote d'Ivoire and the Netherlands, with a combined 38% share of global consumption. These countries were followed by the United States, Germany, Malaysia, Brazil, Ghana, Nigeria, France, Canada, Belgium and Turkey, which together accounted for a further 43%.
What are the largest producers of cocoa beans in the world?
+
Cote d'Ivoire remains the largest cocoa bean producing country worldwide, comprising approx. 37% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana, threefold. The third position in this ranking was held by Indonesia, with a 13% share.
What are the leading suppliers of cocoa beans to Chile?
+
In value terms, the largest cocoa bean suppliers to Chile were Peru, Ecuador and the United States, together accounting for 95% of total imports.
What are the leading importers of cocoa beans from Chile?
+
In value terms, Italy remains the key foreign market for cocoa bean exports from Chile, comprising 98% of total exports. The second position in the ranking was taken by Switzerland $930), with a 1.6% share of total exports.
What is the average export price for cocoa beans in Chile?
+
In 2021, the average cocoa bean export price amounted to $4,450 per ton, with an increase of 5.7% against the previous year.
What is the average import price for cocoa beans in Chile?
+
In 2021, the average cocoa bean import price amounted to $6,003 per ton, waning by -10.6% against the previous year.

This report provides an in-depth analysis of the cocoa bean market in Chile. 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 2030.


Product coverage:
• FCL 661 - Cocoa beans
Country coverage:
• Chile

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Chile
• 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
REPORT DESCRIPTION
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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Area Harvested, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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