Price for Cocoa Beans; Whole or Broken, Raw or Roasted in China - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in China (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in China (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in China
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in China
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in China (CIF) - 2023
In December 2023, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $3,384 per ton, flattening at the previous month. In general, import price indicated perceptible growth from December 2022 to December 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for cocoa beans; whole or broken, raw or roasteds decreased by -7.1% against September 2023 indices. The growth pace was the most rapid in September 2023 when the average import price increased by 33% m-o-m. As a result, import price reached the peak level of $3,641 per ton. From October 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Ecuador ($26,308 per ton), while the price for Ghana ($2,368 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Ecuador (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in China (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $11,940 per ton in 2022, picking up by 66% against the previous year. Overall, the export price posted a strong expansion. The growth pace was the most rapid in 2021 an increase of 69% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($16,019 per ton), while the average price for exports to Australia ($4,490 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in China
For the third year in a row, China recorded decline in overseas purchases of cocoa beans; whole or broken, raw or roasteds, which decreased by -46% to 9.6K tons in 2022. In general, imports continue to indicate a dramatic contraction. The smallest decline of -12.2% was in 2021.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds dropped markedly to $22M in 2022. Over the period under review, imports faced a sharp downturn. The smallest decline of -19.7% was in 2021.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 15.8 | 10.1 | 2.7 | 11.2 | -10.8% |
| Togo | 4.6 | 3.7 | 4.5 | 5.7 | 7.4% |
| Ghana | 12.2 | 8.0 | 9.8 | 2.9 | -38.1% |
| Cote d'Ivoire | 38.6 | 29.2 | 17.6 | 1.6 | -65.4% |
| Nigeria | 2.2 | 0.6 | 2.2 | N/A | 0.0% |
| Papua New Guinea | N/A | 1.3 | 5.5 | N/A | 323.1% |
| Others | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Total | 73.4 | 53.0 | 42.5 | 21.6 | -33.5% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to China in 2022:
- Ecuador (4.9K tons)
- Togo (2.4K tons)
- Ghana (1.1K tons)
- Cote d'Ivoire (1.0K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in China
For the fourth consecutive year, China recorded growth in overseas shipments of cocoa beans; whole or broken, raw or roasteds, which increased by 94% to 4 tons in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds skyrocketed to $47K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | 1.0 | 39.6 | 3860.0% |
| Australia | 4.5 | 4.5 | N/A | 4.5 | 0.0% |
| Belgium | N/A | 1.6 | 13.8 | 3.3 | 43.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.5 | 6.0 | 14.8 | 47.4 | 119.2% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from China in 2022:
- Hong Kong SAR (2.5 tons)
- Australia (1.0 tons)
- Belgium (0.5 tons)
1604
This report provides an in-depth analysis of the cocoa bean market in China.
11612
This report provides an in-depth analysis of the global cocoa bean market.
1604
This report provides an in-depth analysis of the cocoa bean market in China.
11612
This report provides an in-depth analysis of the global cocoa bean market.
241
Discover the top 10 countries by import value of cocoa beans in the global market. Learn about key statistics and market trends in the cocoa bean industry.
1784
The closure of the HoReCa segment caused the demand for cocoa beans to collapse in 2020, while the production remained stable. This led to a surge in unsold cocoa bean stocks in exporter-countries. EU chocolate producers are now trying to enlist a range of measures to ensure stable demand and secure supply chains on the cocoa bean market.
651
In 2016, the amount of cocoa bean imported worldwide stood at X tons, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
3390
In 2016, the global cocoa bean exports totaled X tons, falling by -X% against the previous year level. The total export volume increased at an average annual rate of +X% over the period from ...
6576
Global cocoa consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1596
In value terms, cocoa beans exports amounted to $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the l...
10588
In value terms, cocoa beans imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some notic...
1727
In 2015, the countries with the highest levels of cocao production were Côte D'Ivoire (X thousand tons), Ghana (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1443
Côte d'Ivoire dominates in the global сocoa bean trade. In 2014, Côte d'Ivoire exported X thousand tons of сocoa beans totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its
241
Discover the top 10 countries by import value of cocoa beans in the global market. Learn about key statistics and market trends in the cocoa bean industry.
