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Sri Lanka - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCocoa Bean Price in Sri Lanka - 2021
Contents:
- Cocoa Bean Price in Sri Lanka (FOB) - 2022
- Cocoa Bean Price in Sri Lanka (CIF) - 2022
- Cocoa Bean Exports in Sri Lanka
- Cocoa Bean Imports in Sri Lanka
Cocoa Bean Price in Sri Lanka (FOB) - 2022
The average cocoa bean export price stood at $6,006 per ton in 2022, falling by -31.6% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 114% against the previous year. The export price peaked at $8,776 per ton in 2021, and then fell sharply in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($10,722 per ton), while the average price for exports to India ($2,250 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 Canada (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Bean Price in Sri Lanka (CIF) - 2022
In 2022, the average cocoa bean import price amounted to $4,276 per ton, jumping by 76% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa bean import price increased by +87.4% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +11.4% per year.
Cocoa Bean Exports in Sri Lanka
In 2022, shipments abroad of cocoa beans decreased by -63.4% to 1.4 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year.
In value terms, cocoa bean exports dropped remarkably to $8.6K in 2022. Overall, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year.
Export of Cocoa Bean in Sri Lanka (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3.7 | 5.3 | 11.5 | 5.1 | 11.3% |
Canada | 0.1 | 0.2 | 0.3 | 1.5 | 146.6% |
India | 3.8 | 3.1 | 1.9 | 1.5 | -26.6% |
Poland | N/A | N/A | N/A | 0.3 | 0% |
Japan | 2.2 | 3.6 | 1.5 | N/A | -17.4% |
Austria | 1.0 | 1.7 | 2.4 | N/A | 54.9% |
United Kingdom | 0.8 | 1.6 | 2.3 | N/A | 69.6% |
Oman | N/A | 2.2 | N/A | N/A | 0% |
Others | 6.6 | 9.0 | 14.6 | 0.1 | -75.3% |
Total | 18.1 | 26.6 | 34.5 | 8.6 | -22.0% |
Top Export Markets for Cocoa Bean from Sri Lanka in 2022:
- India (652.0 kg)
- Germany (575.0 kg)
- Canada (144.0 kg)
- Poland (50.0 kg)
- Japan (2.0 kg)
Cocoa Bean Imports in Sri Lanka
After three years of growth, purchases abroad of cocoa beans decreased by -99.6% to 653 kg in 2022. In general, imports showed a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of 183 tons, and then dropped significantly in the following year.
In value terms, cocoa bean imports contracted rapidly to $2.8K in 2022. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 15%.
Import of Cocoa Bean in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 10.3 | 7.6 | 5.1 | 2.8 | -35.2% |
Cote d'Ivoire | 118 | 137 | 146 | N/A | 11.2% |
Uganda | 32.1 | 40.4 | 46.3 | N/A | 20.1% |
Malaysia | 38.1 | 55.5 | 73.4 | N/A | 38.8% |
United Kingdom | 36.3 | 38.0 | 36.3 | N/A | 0.0% |
Indonesia | 14.9 | 3.7 | 23.6 | N/A | 25.9% |
Singapore | 16.8 | 16.8 | 15.2 | N/A | -4.9% |
Ghana | 68.7 | 84.2 | 93.9 | N/A | 16.9% |
Others | 4.1 | 5.4 | 6.7 | N/A | 27.8% |
Total | 339 | 389 | 447 | 2.8 | -79.8% |
Top Suppliers of Cocoa Bean to Sri Lanka in 2022:
- India (652.0 kg)
This report provides an in-depth analysis of the cocoa bean market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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
-
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 Sri Lanka.
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 Sri Lanka.
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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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>
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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.