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India - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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India: Cocoa Bean Market Overview 2021

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Cocoa Bean Market Size in India

The Indian cocoa bean market declined slightly to $X in 2019, which is down by -X% against the previous year. In general, consumption, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Cocoa Bean Production in India

In value terms, cocoa bean production skyrocketed to $X in 2019 estimated in export prices. Over the period under review, production enjoyed a remarkable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

In 2019, the average yield of cocoa beans in India reached X kg per ha, picking up by X% against the previous year. Over the period under review, the yield, however, showed a perceptible contraction. The cocoa bean yield peaked at X kg per ha in 2009; however, from 2010 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of cocoa beans production in India rose rapidly to X ha, increasing by X% compared with the previous year. Overall, the harvested area posted a remarkable increase. The pace of growth appeared the most rapid in 2010 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to cocoa bean production attained the maximum in 2019 and is likely to see gradual growth in the immediate term.

Cocoa Bean Exports

Exports from India

In 2019, overseas shipments of cocoa beans decreased by -X% to X tonnes, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, cocoa bean exports declined modestly to $X in 2019. In general, exports saw notable growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tonnes), Switzerland (X tonnes) and the U.S. (X tonnes) were the main destinations of cocoa bean exports from India, together comprising X% 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 Belgium (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for cocoa bean exports from India, comprising X% of total exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Belgium totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2019, the average cocoa bean export price amounted to $X per tonne, rising by X% against the previous year. In general, export price indicated resilient growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cocoa bean export price increased by +X% against 2007 indices. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was New Zealand ($X per tonne), while the average price for exports to Sierra Leone ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into India

In 2019, approx. X tonnes of cocoa beans were imported into India; reducing by -X% compared with the previous year. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2018, and then declined markedly in the following year.

In value terms, cocoa bean imports shrank markedly to $X in 2019. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2015 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Democratic Republic of the Congo (X tonnes), Uganda (X tonnes) and Cote d'Ivoire (X tonnes) were the main suppliers of cocoa bean imports to India, together comprising X% of total imports. These countries were followed by Ecuador, Thailand, Congo and Peru, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa bean suppliers to India were Democratic Republic of the Congo ($X), Uganda ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports. Ecuador, Thailand, Congo and Peru lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average cocoa bean import price amounted to $X per tonne, rising by X% against the previous year. Overall, import price indicated a slight expansion from 2007 to 2019: its price increased 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. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Thailand ($X per tonne) and Peru ($X per tonne), while the price for Congo ($X per tonne) and Ecuador ($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 a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?
+
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), together comprising 42% of global consumption. The U.S., Germany, Cameroon, Brazil, Malaysia, France, Ghana, Turkey, Spain and Italy lagged somewhat behind, together comprising a further 38%.
What are the largest producers of cocoa beans in the world?
+
Cote d'Ivoire (2.2M tonnes) remains the largest cocoa bean producing country worldwide, 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 India?
+
In value terms, Democratic Republic of the Congo ($19M), Uganda ($13M) and Cote d'Ivoire ($12M) constituted the largest cocoa bean suppliers to India, with a combined 68% share of total imports. These countries were followed by Ecuador, Thailand, Congo and Peru, which together accounted for a further 25%.
What are the leading importers of cocoa beans from India?
+
In value terms, Belgium ($107K) emerged as the key foreign market for cocoa bean exports from India, comprising 33% of total exports. The second position in the ranking was occupied by Switzerland ($49K), with a 15% share of total exports. It was followed by the U.S., with a 14% share.
What is the average export price for cocoa beans in India?
+
In 2019, the average cocoa bean export price amounted to $4,791 per tonne, jumping by 21% against the previous year.
What is the average import price for cocoa beans in India?
+
The average cocoa bean import price stood at $2,404 per tonne in 2019, picking up by 6.4% against the previous year.

Product coverage:
• FCL 661 - Cocoa beans

This report provides an in-depth analysis of the cocoa bean market in India. 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 2025.


Country coverage:
• India

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in India
• 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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