World - Cocoa (Beans) - Market Analysis, Forecast, Size, Trends and Insights

Global Cocoa Market Overview 2019

Cocoa Market Size

The global cocoa market revenue amounted to $X in 2018, lowering by -X% against the previous year. In general, cocoa consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. Over the period under review, the global cocoa market reached its maximum level at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Cocoa Production

In value terms, cocoa production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a prominent expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the cocoa production decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. Global cocoa production peaked at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

The countries with the highest volumes of cocoa production in 2018 were Cote d'Ivoire (X tonnes), Ghana (X tonnes) and Indonesia (X tonnes), together comprising X% of global production.

From 2007 to 2018, the most notable rate of growth in terms of cocoa production, amongst the main producing countries, was attained by Ghana, while the other global leaders experienced more modest paces of growth.

Global average cocoa yield amounted to X kg per ha in 2018, growing by X% against the previous year. In general, cocoa yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009, when yield increased by X% y-o-y. In that year, the average cocoa yield attained its peak level of X kg per ha. From 2010 to 2018, the growth of the average cocoa yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the global cocoa harvested area amounted to X ha, going up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017, when harvested area increased by X% against the previous year. Global cocoa harvested area peaked in 2018, and is expected to retain its growth in the immediate term.

Cocoa Exports

Exports 2007-2018

In 2018, the amount of cocoa (beans) exported worldwide totaled X tonnes, jumping by X% against the previous year. Over the period under review, the total exports indicated a prominent growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the cocoa exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2009, when exports increased by X% year-to-year. Global exports peaked in 2018, and are likely to see steady growth in the near future.

In value terms, cocoa exports totaled $X in 2018. Overall, the total exports indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the cocoa exports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2009, when exports increased by X% against the previous year. Over the period under review, global cocoa exports attained their peak figure at $X in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Cote d'Ivoire (X tonnes), distantly followed by Ghana (X tonnes), Ecuador (X tonnes), Cameroon (X tonnes) and Belgium (X tonnes) were the major exporters of cocoa (beans), together making up X% of total exports. The following exporters - the Netherlands (X tonnes) and Malaysia (X tonnes) each resulted at a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other global leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of global exports. These countries were followed by Belgium, Cameroon, the Netherlands and Malaysia, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven year period, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cocoa export price amounted to $X per tonne, falling by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010, when the average export price increased by X% year-to-year. Over the period under review, the average export prices for cocoa (beans) reached their peak figure at $X per tonne in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

Average export prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following export prices: in the Netherlands ($X per tonne) and Belgium ($X per tonne), while Cameroon ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Cote d'Ivoire, while the other global leaders experienced more modest paces of growth.

Cocoa Imports

Imports 2007-2018

In 2018, the amount of cocoa (beans) imported worldwide totaled X tonnes, shrinking by -X% against the previous year. Overall, cocoa imports continue to indicate a moderate downturn. The growth pace was the most rapid in 2017, when imports increased by X% y-o-y. In that year, global cocoa imports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, cocoa imports stood at $X in 2018. Over the period under review, cocoa imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, when imports increased by X% against the previous year. Global imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of cocoa imports in 2018 were Malaysia (X tonnes), the Netherlands (X tonnes), Germany (X tonnes), Belgium (X tonnes) and Indonesia (X tonnes), together amounting to X% of total import. It was distantly followed by the U.S. (X tonnes), creating X% share of total imports. The following importers - Italy (X tonnes), Turkey (X tonnes), Singapore (X tonnes), France (X tonnes), Brazil (X tonnes) and Spain (X tonnes) together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

In value terms, the largest cocoa importing markets worldwide were Malaysia ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of global imports. Belgium, Indonesia, the U.S., Italy, France, Turkey, Singapore, Brazil and Spain lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cocoa import price amounted to $X per tonne, reducing by -X% against the previous year. Over the last eleven year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. Global import price peaked at $X per tonne in 2016; however, from 2017 to 2018, import prices remained at a lower figure.

Average import prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following import prices: in Indonesia ($X per tonne) and France ($X per tonne), while Turkey ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform