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

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Cocoa Bean Market Size in the UK

The UK cocoa bean market dropped dramatically to $X in 2019, reducing 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 showed a dramatic curtailment. The pace of growth appeared the most rapid in 2009 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2010 to 2019, the growth of the market failed to regain the momentum.

Cocoa Bean Exports

Exports from the UK

In 2019, overseas shipments of cocoa beans increased by X% to X tonnes, rising for the fourth consecutive year after four years of decline. Overall, exports continue to indicate moderate growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, cocoa bean exports soared to $X in 2019. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X tonnes) was the main destination for cocoa bean exports from the UK, accounting for a X% share of total exports. Moreover, cocoa bean exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tonnes), fourfold. The third position in this ranking was occupied by Ireland (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Ireland (+X% per year).

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

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

Export Prices by Country

The average cocoa bean export price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, export price indicated perceptible 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 2017 indices. The growth pace was the most rapid in 2010 when the average export price increased by 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.

Prices varied noticeably by the country of destination; the country with the highest price was the Czech Republic ($X per tonne), while the average price for exports to Belgium ($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 Germany, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into the UK

In 2019, approx. X tonnes of cocoa beans were imported into the UK; dropping by -X% against 2018 figures. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2010 to 2019, the growth imports failed to regain the momentum.

In value terms, cocoa bean imports declined remarkably to $X in 2019. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2010 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Cote d'Ivoire (X tonnes), France (X tonnes) and Ghana (X tonnes) were the main suppliers of cocoa bean imports to the UK, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in France, while purchases for the other leaders experienced a decline.

In value terms, the largest cocoa bean suppliers to the UK were Cote d'Ivoire ($X), France ($X) and Ghana ($X), together accounting for X% of total imports.

In terms of the main suppliers, France saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cocoa bean import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2010; however, from 2011 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 ($X per tonne), while the price for Cote d'Ivoire ($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?
+
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), with a combined 45% share of global consumption.
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. Indonesia (784K tonnes) ranked third in terms of total production with a 14% share.
What are the leading suppliers of cocoa beans to the UK?
+
In value terms, Cote d'Ivoire ($14M), France ($10M) and Ghana ($2.8M) constituted the largest cocoa bean suppliers to the UK, with a combined 95% share of total imports.
What are the leading importers of cocoa beans from the UK?
+
In value terms, the Netherlands ($6.6M) emerged as the key foreign market for cocoa bean exports from the UK, comprising 29% of total exports. The second position in the ranking was occupied by Japan ($2.8M), with a 12% share of total exports. It was followed by Ireland, with a 11% share.
What is the average export price for cocoa beans in the UK?
+
In 2019, the average cocoa bean export price amounted to $3,135 per tonne, which is down by -14.5% against the previous year.
What is the average import price for cocoa beans in the UK?
+
In 2019, the average cocoa bean import price amounted to $2,162 per tonne, waning by -12.4% against the previous year.

Product coverage:
• FCL 661 - Cocoa beans

This report provides an in-depth analysis of the cocoa bean market in the UK. 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:
• United Kingdom

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