South Africa: Cocoa Bean Market 2024

Cocoa Bean Market Size in South Africa

In 2022, the South African cocoa bean market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw significant growth. Cocoa bean consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cocoa Bean Production in South Africa

In value terms, cocoa bean production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2013 with a decrease of X%. Cocoa bean production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of cocoa beans in South Africa totaled less than X kg per ha, remaining stable against the previous year's figure. Overall, the yield continues to indicate 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.

The cocoa bean harvested area in South Africa amounted to less than X ha in 2022, remaining constant against 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

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Cocoa Bean Exports

Exports from South Africa

Cocoa bean exports from South Africa surged to X tons in 2022, growing by X% on the year before. Overall, exports, however, recorded a perceptible setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cocoa bean exports contracted remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saint Helena, Ascension and Tristan da Cunha (X tons), Swaziland (X tons) and Namibia (X kg) were the main destinations of cocoa bean exports from South Africa, together comprising X% of total exports. Botswana lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Botswana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X), Saint Helena, Ascension and Tristan da Cunha ($X) and Botswana ($X) constituted the largest markets for cocoa bean exported from South Africa worldwide, together comprising X% of total exports.

Botswana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average cocoa bean export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Saint Helena, Ascension and Tristan da Cunha ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into South Africa

In 2022, purchases abroad of cocoa beans increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cocoa bean imports soared to $X in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Uganda (X tons), Tanzania (X tons) and Panama (X tons) were the main suppliers of cocoa bean imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa bean suppliers to South Africa were Uganda ($X), Tanzania ($X) and Panama ($X), with a combined X% share of total imports.

Tanzania, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average cocoa bean import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ghana ($X per ton), while the price for Uganda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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