Serbia - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCocoa Bean Price in Serbia - 2023
Contents:
- Cocoa Bean Price in Serbia (CIF) - 2023
- Cocoa Bean Price in Serbia (FOB) - 2022
- Cocoa Bean Imports in Serbia
- Cocoa Bean Exports in Serbia
Cocoa Bean Price in Serbia (CIF) - 2023
The average cocoa bean import price stood at $4,213 per ton in November 2023, with an increase of 6.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in September 2023 an increase of 14% against the previous month. The import price peaked in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Togo ($4,718 per ton), while the price for Uganda ($3,140 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cocoa Bean Price in Serbia (FOB) - 2022
In 2022, the average cocoa bean export price amounted to $12,857 per ton, jumping by 403% against the previous year. Overall, the export price saw a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Montenegro.
From 2012 to 2022, the rate of growth in terms of prices for Montenegro amounted to +13.7% per year.
Cocoa Bean Imports in Serbia
In 2022, the amount of cocoa beans imported into Serbia surged to 2.4K tons, growing by 26% on the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, cocoa bean imports expanded sharply to $7M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, imports reached the peak of $7.8M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Cocoa Bean in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 0.7 | 0.6 | 1.9 | 3.3 | 67.7% |
Ghana | 2.5 | 2.1 | 2.5 | 2.1 | -5.6% |
Togo | 2.6 | 2.1 | 0.6 | 1.1 | -24.9% |
Poland | N/A | N/A | 0.1 | 0.3 | 200.0% |
China | N/A | N/A | N/A | 0.2 | 0% |
Nigeria | N/A | 0.4 | 0.2 | N/A | -50.0% |
Germany | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
Democratic Republic of the Congo | N/A | 0.4 | N/A | N/A | 0% |
Others | 1.0 | 2.1 | 0.8 | 0.1 | -53.6% |
Total | 6.8 | 7.8 | 6.3 | 7.0 | 1.0% |
Top Suppliers of Cocoa Bean to Serbia in 2022:
- Cote d'Ivoire (1153.5 tons)
- Ghana (715.7 tons)
- Togo (376.4 tons)
- Poland (72.0 tons)
- China (48.0 tons)
Cocoa Bean Exports in Serbia
For the third year in a row, Serbia recorded decline in overseas shipments of cocoa beans, which decreased by -97.4% to 14 kg in 2022. Over the period under review, exports recorded a sharp reduction. The smallest decline of -51.3% was in 2020.
In value terms, cocoa bean exports contracted sharply to $180 in 2022. In general, exports saw a dramatic decrease. The smallest decline of -53.3% was in 2020.
Export of Cocoa Bean in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Montenegro | 1.4 | 1.1 | 0.2 | 0.2 | -47.7% |
Bosnia and Herzegovina | 9.8 | 2.4 | 0.6 | N/A | -75.3% |
Netherlands | 2.5 | 2.9 | 0.6 | N/A | -51.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 13.8 | 6.4 | 1.4 | 0.2 | -75.6% |
Top Export Markets for Cocoa Bean from Serbia in 2022:
- Montenegro (14.0 kg)
This report provides an in-depth analysis of the cocoa bean market in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cocoa bean market in Serbia.
This report provides an in-depth analysis of the global cocoa bean market.
This report provides an in-depth analysis of the cocoa bean market in Serbia.
This report provides an in-depth analysis of the global cocoa bean market.
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.
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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.