Germany: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Germany

In 2020, the German cocoa bean market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Cocoa Bean Exports

Exports from Germany

In 2020, shipments abroad of cocoa beans increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, exports posted noticeable growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, cocoa bean exports expanded markedly to $X in 2020. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes), Austria (X tonnes) and Poland (X tonnes) were the main destinations of cocoa bean exports from Germany, together comprising X% of total exports. France, Belgium, Spain, Russia and Estonia lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Russia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cocoa bean exported from Germany were the Netherlands ($X), Austria ($X) and Poland ($X), with a combined X% share of total exports. France, Russia, Spain, Belgium and Estonia lagged somewhat behind, together comprising a further X terms of the main countries of destination, Russia saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cocoa bean export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Germany

In 2020, the amount of cocoa beans imported into Germany declined to X tonnes, falling by -X% on the previous year. In general, imports recorded a mild setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, cocoa bean imports fell to $X in 2020. Over the period under review, total imports indicated a slight expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Cote d'Ivoire (X tonnes) constituted the largest cocoa bean supplier to Germany, accounting for a X% share of total imports. Moreover, cocoa bean imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), twofold. Nigeria (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Cote d'Ivoire stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Nigeria (-X% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa bean to Germany, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Cote d'Ivoire was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2020, the average cocoa bean import price amounted to $X per tonne, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Belgium ($X per tonne) and Ghana ($X per tonne), while the price for Cameroon ($X per tonne) and Nigeria ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform