Brazil: Cocoa Bean Market 2024

Cocoa Bean Market Size in Brazil

In 2022, the Brazilian cocoa bean market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a mild decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cocoa Bean Production in Brazil

In value terms, cocoa bean production rose slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of cocoa beans in Brazil contracted to X kg per ha in 2022, with a decrease of X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. Over the period under review, the average cocoa bean yield hit record highs at X kg per ha in 2021, and then shrank 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 cocoa bean harvested area in Brazil declined modestly to X ha, remaining stable against 2021. Over the period under review, the harvested area recorded a slight downturn. The growth pace was the most rapid in 2016 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the cocoa bean harvested area remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Cocoa Bean Exports

Exports from Brazil

In 2022, the amount of cocoa beans exported from Brazil soared to X tons, picking up by X% on 2021 figures. Overall, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa bean exports skyrocketed to $X in 2022. In general, exports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for cocoa bean exports from Brazil, with a X% share of total exports. Moreover, cocoa bean exports to Japan exceeded the volume sent to the second major destination, Switzerland (X tons), fourfold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

In value terms, Japan ($X) remains the key foreign market for cocoa beans exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Japan ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Brazil

In 2022, approx. X tons of cocoa beans were imported into Brazil; which is down by X% on 2021. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cocoa bean imports fell remarkably to $X in 2022. In general, imports saw a deep setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) was the main supplier of cocoa bean to Brazil, accounting for a X% share of total imports. It was followed by Ghana (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire stood at X%.

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa beans to Brazil, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Cote d'Ivoire stood at X%.

Import Prices by Country

In 2022, the average cocoa bean import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Cote d'Ivoire totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :