United Arab Emirates - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

United Arab Emirates - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights

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Cocoa Bean Price in the United Arab Emirates - 2021

Contents:

  1. Cocoa Bean Price in the United Arab Emirates (CIF) - 2022
  2. Cocoa Bean Price in the United Arab Emirates (FOB) - 2022
  3. Cocoa Bean Imports in the United Arab Emirates
  4. Cocoa Bean Exports in the United Arab Emirates

Cocoa Bean Price in the United Arab Emirates (CIF) - 2022

The average cocoa bean import price stood at $5,590 per ton in 2022, rising by 106% against the previous year. Overall, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 112% against the previous year. As a result, import price attained the peak level of $6,884 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($8,186 per ton), while the price for Turkey ($1,262 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Cocoa Bean Price in the United Arab Emirates (FOB) - 2022

The average cocoa bean export price stood at $3,097 per ton in 2022, falling by -21.7% against the previous year. In general, the export price showed a slight descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices hit record highs at $4,224 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($3,285 per ton), while the average price for exports to the Netherlands totaled $2,839 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Bean Imports in the United Arab Emirates

In 2022, purchases abroad of cocoa beans decreased by -68.3% to 129 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 481%. As a result, imports attained the peak of 408 tons, and then contracted sharply in the following year.

In value terms, cocoa bean imports contracted remarkably to $723K in 2022. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 223% against the previous year. As a result, imports reached the peak of $1.1M, and then fell significantly in the following year.

Import of Cocoa Bean in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
TanzaniaN/A0.30.44243659.4%
Netherlands3.911318165.9156.6%
France0.426.122.134.1340.1%
GuatemalaN/AN/AN/A18.60%
Belgium0.19.610.617.4458.3%
CanadaN/A3.2N/A11.892.0%
TurkeyN/A0.2N/A4.5374.3%
Cote d'Ivoire241N/AN/AN/A0%
NigeriaN/AN/A454N/A0%
Others5.4189437147200.8%
Total2513421,10572342.3%

Top Suppliers of Cocoa Bean to the United Arab Emirates in 2022:

  1. Tanzania (68.7 tons)
  2. Netherlands (12.9 tons)
  3. Canada (8.9 tons)
  4. Guatemala (4.6 tons)
  5. France (4.2 tons)
  6. Turkey (3.6 tons)
  7. Belgium (2.8 tons)

Cocoa Bean Exports in the United Arab Emirates

After two years of decline, shipments abroad of cocoa beans increased by 61% to 3.3K tons in 2022. In general, exports, however, showed a precipitous descent.

In value terms, cocoa bean exports soared to $10M in 2022. Overall, exports, however, showed a deep contraction.

Export of Cocoa Bean in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/AN/A5.40%
NetherlandsN/AN/AN/A3.90%
Comoros6.2N/AN/AN/A0%
Democratic Republic of the CongoN/A1.8N/AN/A0%
Tanzania7.70.10.5N/A-74.5%
Oman4.14.60.3N/A-72.9%
BahrainN/A0.16.4N/A6300.0%
Others0.55.60.70.711.9%
Total18.612.28.010.1-18.4%

Top Export Markets for Cocoa Bean from the United Arab Emirates in 2022:

  1. United Kingdom (1651.4 tons)
  2. Netherlands (1386.8 tons)
  3. Tanzania (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cocoa bean market in the United Arab Emirates. 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 2030.

Product coverage:

  • FCL 661 - Cocoa beans

Country coverage:

  • United Arab Emirates

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the United Arab Emirates
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Cocoa Beans - United Arab Emirates