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World - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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Global Cocoa Bean Market Overview 2021

Cocoa Bean Market Size

The global cocoa bean market surged to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cocoa Bean Production

In value terms, cocoa bean production surged to $X in 2020 estimated in export prices. in general, the total production indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, global production reached the peak level in 2020 and is likely to see steady growth in years to come.

Cote d'Ivoire (X tonnes) constituted the country with the largest volume of cocoa bean production, accounting for X% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana (X tonnes), threefold. Indonesia (X tonnes) ranked third in terms of total production with a X% share.

In Cote d'Ivoire, cocoa bean production increased at an average annual rate of +X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: Ghana (-X% per year) and Indonesia (+X% per year).

The global average cocoa bean yield amounted to X kg per ha in 2020, remaining relatively unchanged against 2019 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per ha. from 2019 to 2020, the growth of the average cocoa bean yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global cocoa bean harvested area rose slightly to X ha in 2020, picking up by X% on the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% y-o-y. The global harvested area peaked in 2020 and is likely to see steady growth in years to come.

Production by Country

The country with the largest volume of cocoa bean production was Cote d'Ivoire (X tonnes), accounting for X% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana (X tonnes), threefold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

In Cote d'Ivoire, cocoa bean production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Ghana (-X% per year) and Indonesia (+X% per year).

Cocoa Bean Exports

Exports

After three years of growth, overseas shipments of cocoa beans decreased by -X% to X tonnes in 2020. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Global exports peaked at X tonnes in 2019, and then contracted notably in the following year.

In value terms, cocoa bean exports dropped to $X in 2020. in general, total exports indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Global exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Cote d'Ivoire (X tonnes) represented the key exporter of cocoa beans, mixing up X% of total exports. It was distantly followed by Ghana (X tonnes), Ecuador (X tonnes) and Cameroon (X tonnes), together achieving a X% share of total exports. Nigeria (X tonnes), Malaysia (X tonnes), the Netherlands (X tonnes), the Dominican Republic (X tonnes) and Peru (X tonnes) held a minor share of total exports.

From 2007 to 2020, average annual rates of growth with regard to cocoa bean exports from Cote d'Ivoire stood at +X%. at the same time, Peru (+X%), Malaysia (+X%), Ecuador (+X%), Cameroon (+X%), the Netherlands (+X%) and the Dominican Republic (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. by contrast, Ghana (-X%) and Nigeria (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Cote d'Ivoire, Ecuador, Cameroon, Malaysia and Peru increased by +X%, +X%, +X%, +X% and +X% percentage points, while Nigeria (-X p.p.) and Ghana (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest cocoa bean supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Ghana ($X), with a X% share of global exports. It was followed by Ecuador, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Cote d'Ivoire stood at +X%. in the other countries, the average annual rates were as follows: Ghana (-X% per year) and Ecuador (+X% per year).

Export Prices by Country

The average cocoa bean export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% y-o-y. Global export price peaked at $X per tonne in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. in 2020, major exporting countries recorded the following prices: in Ghana ($X per tonne) and the Netherlands ($X per tonne), while Nigeria ($X per tonne) and Cameroon ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire, while the other global leaders experienced more modest paces of growth.

Cocoa Bean Imports

Imports

In 2020, overseas purchases of cocoa beans decreased by -X% to X tonnes, falling for the second year in a row after four years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, cocoa bean imports fell to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Global imports peaked at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the Netherlands (X tonnes), distantly followed by Malaysia (X tonnes), the U.S. (X tonnes), Germany (X tonnes), Indonesia (X tonnes) and France (X tonnes) were the largest importers of cocoa beans, together committing X% of total imports. Turkey (X tonnes), the UK (X tonnes), Canada (X tonnes), Italy (X tonnes), Spain (X tonnes), Singapore (X tonnes) and Belgium (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Indonesia, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the U.S. ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of global imports. These countries were followed by Germany, Indonesia, France, Turkey, the UK, Italy, Spain, Canada, Belgium and Singapore, which together accounted for a further X the main importing countries, Indonesia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average cocoa bean import price amounted to $X per tonne, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Global import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. in 2020, major importing countries recorded the following prices: in Italy ($X per tonne) and France ($X per tonne), while Canada ($X per tonne) and Turkey ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Source: IndexBox 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 2020 were Cote d'Ivoire (968K tonnes), Indonesia (959K tonnes) and the Netherlands (607K tonnes), together comprising 39% of global consumption. Belgium, Ghana, the U.S., Brazil, Malaysia, Germany, Nigeria, France, Turkey and the UK lagged somewhat behind, together accounting for a further 41%.
What are the largest producers of cocoa beans in the world?
+
Cote d'Ivoire (2.3M tonnes) constituted the country with the largest volume of cocoa bean production, accounting for 37% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana (831K tonnes), threefold. The third position in this ranking was occupied by Indonesia (788K tonnes), with a 13% share.
What are the leading exporters of cocoa beans in the world?
+
In value terms, Cote d'Ivoire ($3.7B) remains the largest cocoa bean supplier worldwide, comprising 44% of global exports. The second position in the ranking was occupied by Ghana ($1.3B), with a 16% share of global exports. It was followed by Ecuador, with a 9.7% share.
What are the leading importers of cocoa beans in the world?
+
In value terms, the largest cocoa bean importing markets worldwide were the Netherlands ($1.8B), the U.S. ($1B) and Malaysia ($972M), with a combined 44% share of global imports. These countries were followed by Germany, Indonesia, France, Turkey, the UK, Italy, Spain, Canada, Belgium and Singapore, which together accounted for a further 42%.
What is the average export price for cocoa beans in the world?
+
In 2020, the average cocoa bean export price amounted to $2,708 per tonne, picking up by 11% against the previous year.
What is the average import price for cocoa beans in the world?
+
The average cocoa bean import price stood at $2,670 per tonne in 2020, surging by 10% against the previous year.

Product coverage:
• FCL 661 - Cocoa beans

This report provides an in-depth analysis of the global cocoa bean market. 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.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Yield and Growth
Figure 11:
Exports and Growth
Figure 12:
Export Prices and Growth
Figure 13:
Market Size and Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports and Growth
Figure 16:
Import Prices
Figure 17:
Production, in Physical Terms, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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