South-Eastern Asia: Cocoa Bean Market 2024

Cocoa Bean Market Size in South-Eastern Asia

In 2022, after four years of growth, there was decline in the Southeast Asian cocoa bean market, when its value decreased by X% to $X. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced slightly in the following year.

Cocoa Bean Production in South-Eastern Asia

In value terms, cocoa bean production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed mild growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Indonesia (X tons) remains the largest cocoa bean producing country in South-Eastern Asia, accounting for X% of total volume.

In Indonesia, cocoa bean production remained relatively stable over the period from 2012-2022.

The average cocoa bean yield shrank modestly to X kg per ha in 2022, remaining stable against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the cocoa bean yield attained the maximum level at X kg per ha in 2021, and then reduced slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cocoa beans production in South-Eastern Asia totaled X ha, leveling off at 2021. Over the period under review, the harvested area, however, saw a slight shrinkage. Over the period under review, the harvested area dedicated to cocoa bean production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Cocoa Bean Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of cocoa beans increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa bean exports reduced to $X in 2022. In general, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia represented the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Indonesia (X tons), creating an X% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cocoa bean exports from Malaysia stood at X%. At the same time, the Philippines (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest cocoa bean supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports.

In Malaysia, cocoa bean exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Cocoa Bean Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of cocoa beans were imported in South-Eastern Asia; waning by X% on the previous year's figure. In general, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced modestly in the following year.

In value terms, cocoa bean imports fell to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Malaysia represented the key importer of cocoa beans in South-Eastern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Indonesia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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