Germany: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Germany

In 2019, the German cocoa bean market decreased by -X% to $X, falling for the third year in a row after two years of growth. In general, the total consumption indicated slight growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.

Cocoa Bean Exports

Exports from Germany

In 2019, after three years of decline, there was significant growth in overseas shipments of cocoa beans, when their volume increased by X% to X tonnes. In general, exports enjoyed moderate growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, cocoa bean exports soared to $X in 2019. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

Austria (X tonnes), Denmark (X tonnes) and the Netherlands (X tonnes) were the main destinations of cocoa bean exports from Germany, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Denmark ($X) and the Netherlands ($X) were the largest markets for cocoa bean exported from Germany worldwide, together accounting for X% of total exports.

Denmark (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cocoa bean export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the countries with the highest prices were the Netherlands ($X per tonne) and Italy ($X per tonne), while the average price for exports to Spain ($X per tonne) and Denmark ($X per tonne) were amongst the lowest.

From 2007 to 2019, 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 2019, approx. X tonnes of cocoa beans were imported into Germany; with an increase of X% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, cocoa bean imports stood at $X in 2019. In general, total imports indicated a slight increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Cote d'Ivoire (X tonnes) constituted the largest cocoa bean supplier to Germany, with a X% share of total imports. Moreover, cocoa bean imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Nigeria (X tonnes), twofold. Belgium (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Cote d'Ivoire was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (+X% per year) and Belgium (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value from Cote d'Ivoire totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (+X% per year) and Belgium (+X% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per tonne in 2019, flattening at the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Ghana ($X per tonne) and Ecuador ($X per tonne), while the price for Nigeria ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of cocoa bean consumption in 2019 were Indonesia (1M tonnes), the Netherlands (825K tonnes) and Cote d'Ivoire (560K tonnes), with a combined 45% share of global consumption.

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

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The country with the largest volume of cocoa bean production was Cote d'Ivoire (2.2M tonnes), comprising approx. 38% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana (812K tonnes), threefold. The third position in this ranking was occupied by Indonesia (784K tonnes), with a 14% share.

What are the leading suppliers of cocoa beans to Germany?

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In value terms, Cote d'Ivoire ($408M) constituted the largest supplier of cocoa bean to Germany, comprising 48% of total imports. The second position in the ranking was occupied by Nigeria ($167M), with a 20% share of total imports. It was followed by Belgium, with a 9.5% share.

What are the leading importers of cocoa beans from Germany?

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In value terms, Austria ($10M), Denmark ($8M) and the Netherlands ($7.9M) appeared to be the largest markets for cocoa bean exported from Germany worldwide, together accounting for 70% of total exports.

What is the average export price for cocoa beans in Germany?

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In 2019, the average cocoa bean export price amounted to $2,789 per tonne, shrinking by -4.5% against the previous year.

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

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The average cocoa bean import price stood at $2,553 per tonne in 2019, stabilizing at the previous year.