Latest Report Update: Feb 26, 2021

World - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Global Cocoa Bean Market Overview 2021

Webinar: Global Wine Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global wine market.

Thursday, March 18th, 2021 @ 10:00 am ET

Register Now

Cocoa Bean Market Size

In 2019, the global cocoa bean market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, the total consumption indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2018, and then reduced dramatically in the following year.

Cocoa Bean Production

In value terms, cocoa bean production shrank modestly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a strong increase from 2007 to 2019: its value 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, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, global production attained the maximum level at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

The country with the largest volume of cocoa bean production was Cote d'Ivoire (X tonnes), comprising approx. 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.

From 2007 to 2019, the average annual rate of growth in terms of volume in Cote d'Ivoire amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Ghana (-X% per year) and Indonesia (+X% per year).

The global average cocoa bean yield dropped slightly to X kg per ha in 2019, which is down by -X% on 2018. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. The global yield peaked at X kg per ha in 2011; however, from 2012 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of cocoa beans were harvested worldwide; remaining constant against the year before. The harvested area increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The global harvested area peaked in 2019 and is expected to retain growth in the near future.

Production By Country

Cote d'Ivoire (X tonnes) remains the largest cocoa bean producing country worldwide, comprising approx. 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.

From 2007 to 2019, the average annual growth rate of volume in Cote d'Ivoire amounted to +X%. In the other countries, the average annual rates were as follows: Ghana (-X% per year) and Indonesia (+X% per year).

Cocoa Bean Exports

Exports

In 2019, global cocoa bean exports skyrocketed to X tonnes, picking up by X% against 2018 figures. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa bean exports surged to $X in 2019. In general, total exports indicated moderate growth from 2007 to 2019: its value 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, exports increased by +X% against 2017 indices. Global exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the key exporter of cocoa beans in the world, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2019. Ghana (X tonnes) occupied an X% share (based on tonnes) of total exports, which put it in second place, followed by Nigeria (X%), Ecuador (X%) and Belgium (X%). The following exporters - the Netherlands (X tonnes) and Malaysia (X tonnes) - together made up X% of total exports.

Exports from Cote d'Ivoire increased at an average annual rate of +X% from 2007 to 2019. At the same time, Malaysia (+X%), the Netherlands (+X%), Ecuador (+X%), Nigeria (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Ghana experienced a relatively flat trend pattern. While the share of Cote d'Ivoire (+X p.p.), Ecuador (+X p.p.), the Netherlands (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the global exports from 2007-2019, the share of Ghana (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2019, together comprising X% of global exports. These countries were followed by Ecuador, Belgium, the Netherlands and Malaysia, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cocoa bean export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in Ghana ($X per tonne) and Belgium ($X per tonne), while Cote d'Ivoire ($X per tonne) and Nigeria ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ghana, while the other global leaders experienced more modest paces of growth.

Cocoa Bean Imports

Imports

After four years of growth, supplies from abroad of cocoa beans decreased by -X% to X tonnes in 2019. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at X tonnes in 2018, and then fell slightly in the following year.

In value terms, cocoa bean imports expanded to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Global imports peaked at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

The Netherlands represented the main importer of cocoa beans in the world, with the volume of imports resulting at X tonnes, which was approx. X% of total imports in 2019. The U.S. (X tonnes) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%), Germany (X%), Belgium (X%) and Indonesia (X%). France (X tonnes), Turkey (X tonnes), Spain (X tonnes), Italy (X tonnes), Canada (X tonnes), Singapore (X tonnes) and Russia (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to cocoa bean imports into the Netherlands stood at +X%. At the same time, Indonesia (+X%), Canada (+X%), Turkey (+X%), Italy (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. Spain, the U.S., Singapore, Russia, Germany and France experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. The Netherlands (+X p.p.) and Indonesia (+X p.p.) significantly strengthened its position in terms of the global imports, while Germany and Malaysia saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported cocoa beans worldwide, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual growth rate of value in the Netherlands amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2019, the average cocoa bean import price amounted to $X per tonne, picking up by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. Global import price peaked at $X per tonne in 2010; however, from 2011 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Russia ($X per tonne) and France ($X per tonne), while the Netherlands ($X per tonne) and Turkey ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders 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), together accounting for 42% of global consumption. These countries were followed by the U.S., Germany, Cameroon, Brazil, Malaysia, France, Ghana, Turkey, Spain and Italy, which together accounted for a further 38%.
What are the largest producers of cocoa beans in the world?
+
Cote d'Ivoire (2.2M tonnes) constituted the country with the largest volume of cocoa bean production, accounting for 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 in the world?
+
In value terms, Cote d'Ivoire ($3.6B), Ghana ($1.9B) and Nigeria ($730M) appeared to be the countries with the highest levels of exports in 2019, with a combined 67% share of global exports. Ecuador, Belgium, the Netherlands and Malaysia lagged somewhat behind, together accounting for a further 21%.
What are the leading importers of cocoa beans in the world?
+
In value terms, the Netherlands ($2.3B) constitutes the largest market for imported cocoa beans worldwide, comprising 25% of global imports. The second position in the ranking was occupied by the U.S. ($931M), with a 10% share of global imports. It was followed by Germany, with a 9.3% share.
What is the average export price for cocoa beans in the world?
+
The average cocoa bean export price stood at $2,404 per tonne in 2019, declining by -7.7% against the previous year.
What is the average import price for cocoa beans in the world?
+
The average cocoa bean import price stood at $2,431 per tonne in 2019, rising by 2.3% 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

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
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 2007–2019
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 2007–2019
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

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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
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, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

Webinar: Global Wine Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global wine market.



Thursday, March 18th, 2021 @ 10:00 am ET


Register

Webinar: Global Sugar Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global sugar market.



Thursday, April 1st, 2021 @ 10:00 am ET


Register

Webinar: Global Cotton Yarn Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global cotton yarn market.



Thursday, April 8th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data