
Chile - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
Chile: Cocoa Bean Market 2023
Cocoa Bean Market Size in Chile
In 2022, the Chilean cocoa bean market decreased by -38.6% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, showed significant growth. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank remarkably in the following year.
Cocoa Bean Imports
Imports into Chile
In 2022, after five years of growth, there was significant decline in overseas purchases of cocoa beans, when their volume decreased by -38.6% to X tons. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2014 with an increase of 3,467% against the previous year. Imports peaked at X tons in 2021, and then fell significantly in the following year.
In value terms, cocoa bean imports fell significantly to $X in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 2,393%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
Imports by Country
Peru (X tons), Ecuador (X tons) and Colombia (X kg) were the main suppliers of cocoa bean imports to Chile, with a combined 96% share of total imports. France and Spain lagged somewhat behind, together comprising a further 3.5%.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +77.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Peru ($X), Ecuador ($X) and France ($X) were the largest cocoa bean suppliers to Chile, together comprising 94% of total imports.
Among the main suppliers, France, with a CAGR of +76.7%, saw the highest rates of growth with regard to 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 2022, the average cocoa bean import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 102%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
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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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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