Democratic Republic of the Congo: Cocoa Market Overview 2020

Cocoa Market Size in Democratic Republic of the Congo

The revenue of the cocoa market in Democratic Republic of the Congo amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Democratic Republic of the Congo cocoa consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Cocoa Production in Democratic Republic of the Congo

In value terms, cocoa production stood at $X in 2018 estimated in export prices. In general, cocoa production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, cocoa production attained its peak figure level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

In 2018, the average cocoa yield in Democratic Republic of the Congo totaled X kg per ha, standing approx. at the previous year. Overall, the cocoa yield continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 when yield increased by X% against the previous year. The global cocoa yield peaked at X kg per ha in 2007; however, from 2008 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 Democratic Republic of the Congo stood at X ha in 2018, declining by -X% against the previous year. Over the period under review, the cocoa harvested area continues to indicate a measured downturn. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The global cocoa harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Cocoa Exports

Exports from Democratic Republic of the Congo

Cocoa exports from Democratic Republic of the Congo stood at X tonnes in 2018, coming down by -X% against the previous year. Over the period under review, cocoa exports, however, continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Democratic Republic of the Congo exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, cocoa exports totaled $X in 2018. Overall, cocoa exports, however, continue to indicate outstanding growth. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Democratic Republic of the Congo exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Cote d'Ivoire was the key exporter of cocoa (beans) in the world, with the volume of exports finishing at X tonnes, which was approx. X% of total exports in 2018. Ghana (X tonnes) ranks second in terms of the total exports with a X% share, followed by Cameroon (X%), Ecuador (X%) and Belgium (X%). The Netherlands (X tonnes), Malaysia (X tonnes) and Nigeria (X tonnes) held a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa markets from Democratic Republic of the Congo were Cote d'Ivoire ($X), Ghana ($X) and Cameroon ($X), with a combined X% share of total exports. Ecuador, Belgium, the Netherlands, Malaysia, Nigeria and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X Republic of the Congo experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cocoa export price in Democratic Republic of the Congo amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the export price indicated a pronounced increase from 2007 to 2018: its price 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 export price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, the export prices for cocoa (beans) attained their maximum at $X per tonne in 2016; however, from 2017 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while Cameroon ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ghana, while the other leaders experienced more modest paces of growth.

Cocoa Imports

Imports into Democratic Republic of the Congo

Cocoa imports into Democratic Republic of the Congo stood at X kg in 2018, shrinking by -X% against the previous year. Over the period under review, cocoa imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. In that year, cocoa imports attained their peak of X tonnes. From 2009 to 2018, the growth of cocoa imports remained at a somewhat lower figure.

In value terms, cocoa imports totaled $X in 2018. Over the period under review, cocoa imports continue to indicate a drastic setback. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, cocoa imports attained their peak of $X. From 2009 to 2018, the growth of cocoa imports remained at a somewhat lower figure.

Imports by Country

The Netherlands represented the key importer of cocoa (beans) in the world, with the volume of imports reaching X tonnes, which was approx. X% of total imports in 2018. The U.S. (X tonnes) took an X% share (based on tonnes) of total imports, which put it in second place, followed by Belgium (X%), Malaysia (X%), Germany (X%) and Indonesia (X%). France (X tonnes), Spain (X tonnes), the UK (X tonnes), Italy (X tonnes), Turkey (X tonnes) and Singapore (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to cocoa imports into the Netherlands stood at +X%. At the same time, Indonesia (+X%), Belgium (+X%), Italy (+X%), Turkey (+X%), Spain (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Singapore, France and Germany experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Netherlands, Indonesia, Belgium and the U.S. increased by +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.) and Malaysia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported cocoa (beans) into Democratic Republic of the Congo, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the Netherlands totaled +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the cocoa import price in Democratic Republic of the Congo amounted to $X per tonne, growing by X% against the previous year. In general, the cocoa import price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2016 when the import price increased by X% year-to-year. In that year, the import prices for cocoa (beans) attained their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the import prices for cocoa (beans) remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Turkey ($X per tonne) and Germany ($X per tonne), while Spain ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform