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Report Update: Dec 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

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

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?

Nigeria constituted the country with the largest volume of cocoa bean consumption, comprising approx. 31% of total volume. Moreover, cocoa bean consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. Cote d'Ivoire ranked third in terms of total consumption with a 7.7% share.

What are the largest producers of cocoa beans in the world?

The countries with the highest volumes of production in 2022 were Nigeria, Cote d'Ivoire and Ghana, with a combined 68% share of global production.

What are the leading suppliers of cocoa beans to Chile?

In value terms, Peru, Ecuador and France were the largest cocoa bean suppliers to Chile, together comprising 94% of total imports.

What is the average import price for cocoa beans in Chile?

The average cocoa bean import price stood at $6,026 per ton in 2022, leveling off at 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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

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