Israel: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Israel

The Israeli cocoa bean market surged to $X in 2019, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Cocoa Bean Exports

Exports from Israel

In 2019, exports of cocoa beans from Israel soared to X tonnes, growing by X% compared with the year before. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, cocoa bean exports skyrocketed to $X in 2019. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in the near future.

Exports by Country

Germany (X tonnes) was the main destination for cocoa bean exports from Israel, accounting for a X% share of total exports. Moreover, cocoa bean exports to Germany exceeded the volume sent to the second major destination, Switzerland (X kg), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to Germany was relatively modest.

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

From 2007 to 2019, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

In 2019, the average cocoa bean export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Germany totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland.

Cocoa Bean Imports

Imports into Israel

In 2019, approx. X tonnes of cocoa beans were imported into Israel; increasing by X% against 2018 figures. Overall, imports, however, continue to indicate a abrupt slump. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, cocoa bean imports surged to $X in 2019. Over the period under review, imports, however, faced a deep contraction. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

Ghana (X tonnes), Peru (X tonnes) and Ecuador (X tonnes) were the main suppliers of cocoa bean imports to Israel, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru, while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Peru ($X) and the Netherlands ($X) constituted the largest cocoa bean suppliers to Israel, together accounting for X% of total imports.

Peru saw the highest growth rate of the value of imports, in terms of 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, with a decrease of -X% against the previous year. Over the period under review, the import price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Peru ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, 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), together comprising 45% 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), accounting for 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. Indonesia (784K tonnes) ranked third in terms of total production with a 14% share.

What are the leading suppliers of cocoa beans to Israel?

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In value terms, Ghana ($214K), Peru ($120K) and the Netherlands ($85K) were the largest cocoa bean suppliers to Israel, together accounting for 73% of total imports.

What are the leading importers of cocoa beans from Israel?

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In value terms, Germany ($2K) emerged as the key foreign market for cocoa bean exports from Israel, comprising 66% of total exports. The second position in the ranking was occupied by Switzerland ($219), with a 7.3% share of total exports.

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

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In 2019, the average cocoa bean export price amounted to $2,433 per tonne, with a decrease of -3.7% against the previous year.

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

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The average cocoa bean import price stood at $3,582 per tonne in 2019, reducing by -39.4% against the previous year.