Japan: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Japan

In 2019, the Japanese cocoa bean market decreased by -X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a mild downturn. The growth pace was the most rapid in 2009 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Cocoa Bean Production in Japan

In value terms, cocoa bean production reduced dramatically to $X in 2019 estimated in export prices. Over the period under review, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% year-to-year. Cocoa bean production peaked at $X in 2011; however, from 2012 to 2019, production failed to regain the momentum.

In 2019, the average yield of cocoa beans in Japan was estimated at X kg per ha, remaining stable against the previous year's figure. In general, the yield showed a relatively flat trend pattern. 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 Japan stood at X ha, approximately reflecting 2018 figures. Overall, the harvested area showed a relatively flat trend pattern.

Cocoa Bean Exports

Exports from Japan

In 2019, after four years of growth, there was significant decline in overseas shipments of cocoa beans, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2012 to 2019, the growth exports remained at a lower figure.

In value terms, cocoa bean exports skyrocketed to $X in 2019. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for cocoa bean exports from Japan, with a X% share of total exports. Moreover, cocoa bean exports to the Netherlands exceeded the volume sent to the second major destination, Indonesia (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Singapore (+X% per year).

In value terms, the largest markets for cocoa bean exported from Japan were the Netherlands ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total exports.

Among the main countries of destination, Singapore (+X% per year) 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

In 2019, the average cocoa bean export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price saw a notable increase. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Indonesia ($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 Singapore, while the prices for the other major destinations experienced a decline.

Cocoa Bean Imports

Imports into Japan

In 2019, cocoa bean imports into Japan shrank to X tonnes, which is down by -X% against 2018. In general, imports recorded a noticeable setback. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, cocoa bean imports contracted modestly to $X in 2019. Overall, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Ghana (X tonnes) constituted the largest cocoa bean supplier to Japan, with a X% share of total imports. Moreover, cocoa bean imports from Ghana exceeded the figures recorded by the second-largest supplier, Ecuador (X tonnes), eightfold. The third position in this ranking was occupied by Venezuela (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Ghana amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Venezuela (-X% per year).

In value terms, Ghana ($X) constituted the largest supplier of cocoa bean to Japan, comprising X% of total imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total imports. It was followed by Venezuela, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Ghana totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Venezuela (-X% per year).

Import Prices by Country

In 2019, the average cocoa bean import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were the Dominican Republic ($X per tonne) and Ecuador ($X per tonne), while the price for Ghana ($X per tonne) and Cote d'Ivoire ($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), together accounting for 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 Japan?

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In value terms, Ghana ($97M) constituted the largest supplier of cocoa bean to Japan, comprising 69% of total imports. The second position in the ranking was occupied by Ecuador ($16M), with a 11% share of total imports. It was followed by Venezuela, with a 8.5% share.

What are the leading importers of cocoa beans from Japan?

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In value terms, the Netherlands ($620K), Singapore ($311K) and Indonesia ($179K) were the largest markets for cocoa bean exported from Japan worldwide, together comprising 100% of total exports.

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

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In 2019, the average cocoa bean export price amounted to $2,359 per tonne, rising by 68% against the previous year.

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

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The average cocoa bean import price stood at $2,626 per tonne in 2019, growing by 5.6% against the previous year.