Equatorial Guinea: Cocoa Market 2020

Cocoa Market Size in Equatorial Guinea

The revenue of the cocoa market in Equatorial Guinea amounted to $X in 2018, flattening at the previous year. In general, cocoa consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. In that year, the cocoa market attained its peak level of $X. From 2009 to 2018, the growth of the cocoa market remained at a somewhat lower figure.

Cocoa Production in Equatorial Guinea

In value terms, cocoa production stood at $X in 2018 estimated in export prices. Over the period under review, cocoa production continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, cocoa production attained its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

In 2018, the average cocoa yield in Equatorial Guinea amounted to X kg per ha, approximately mirroring the previous year. Over the period under review, the cocoa yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. In that year, the cocoa yield attained its peak level of X kg per ha. From 2011 to 2018, the growth of the cocoa yield remained 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.

In 2018, approx. X ha of cocoa (beans) were harvested in Equatorial Guinea; shrinking by -X% against the previous year. In general, the cocoa harvested area continues to indicate a deep drop. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The global cocoa harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Cocoa Exports

Exports from Equatorial Guinea

Cocoa exports from Equatorial Guinea amounted to X tons in 2018, reducing by -X% against the previous year. Overall, cocoa exports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, cocoa exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, cocoa exports stood at $X in 2018. Over the period under review, cocoa exports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Equatorial Guinea exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the main exporting country with an export of about X tons, which finished at X% of total exports. Ghana (X tons) occupied the second position in the ranking, distantly followed by Cameroon (X tons), Ecuador (X tons) and Belgium (X tons). All these countries together held approx. X% share of total exports. The Netherlands (X tons), Malaysia (X tons) and Nigeria (X tons) followed a long way behind the leaders.

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, Cote d'Ivoire ($X), Ghana ($X) and Cameroon ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Ecuador, Belgium, the Netherlands, Malaysia, Nigeria and Equatorial Guinea lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cocoa export price in Equatorial Guinea amounted to $X per ton, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. Over the period under review, the export prices for cocoa (beans) attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while Cameroon ($X per ton) 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 Equatorial Guinea

In 2018, approx. X kg of cocoa (beans) were imported into Equatorial Guinea; increasing by X% against the previous year. In general, cocoa imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, cocoa imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, cocoa imports totaled $X in 2018. Overall, cocoa imports continue to indicate tangible growth. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. In that year, cocoa imports reached their peak of $X. From 2013 to 2018, the growth of cocoa imports remained at a somewhat lower figure.

Imports by Country

The Netherlands was the key importing country with an import of about X tons, which resulted at X% of total imports. The U.S. (X tons) occupied the second position in the ranking, followed by Belgium (X tons), Malaysia (X tons), Germany (X tons) and Indonesia (X tons). All these countries together took approx. X% share of total imports. The following importers - France (X tons), Spain (X tons), the UK (X tons), Italy (X tons), Turkey (X tons) and Singapore (X tons) - together made up X% of total imports.

Imports into the Netherlands increased at an average annual rate of +X% from 2007 to 2018. 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. While the share of the Netherlands (+X p.p.), Indonesia (+X p.p.), Belgium (+X p.p.) and the U.S. (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.) and Malaysia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in the Netherlands totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Germany (+X% per year).

Import Prices by Country

The cocoa import price in Equatorial Guinea stood at $X per ton in 2018, falling by -X% against the previous year. In general, the cocoa import price continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, the import prices for cocoa (beans) reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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