United Kingdom - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCocoa Bean Price in the UK - 2023
Contents:
- Cocoa Bean Price in the UK (CIF) - 2023
- Cocoa Bean Price in the UK (FOB) - 2022
- Cocoa Bean Imports in the UK
- Cocoa Bean Exports in the UK
Cocoa Bean Price in the UK (CIF) - 2023
The average cocoa bean import price stood at $2,931 per ton in June 2023, shrinking by -88.4% against the previous month. Over the period under review, the import price, however, recorded a mild expansion. The growth pace was the most rapid in May 2023 when the average import price increased by 810% against the previous month. As a result, import price reached the peak level of $25,180 per ton, and then declined dramatically in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Cote d'Ivoire ($3,013 per ton), while the price for Ghana totaled $2,650 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+2.3%).
Cocoa Bean Price in the UK (FOB) - 2022
In 2022, the average cocoa bean export price amounted to $3,758 per ton, increasing by 2.3% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of 80%. As a result, the export price reached the peak level of $6,361 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($10,601 per ton), while the average price for exports to Indonesia ($2,095 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 Belgium (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Bean Imports in the UK
In 2022, supplies from abroad of cocoa beans decreased by -14.5% to 68K tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports attained the peak of 116K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cocoa bean imports reduced markedly to $180M in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, imports reached the peak of $313M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cocoa Bean in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 123 | 157 | 154 | 157 | 8.5% |
| Ghana | 23.7 | 52.5 | 24.4 | 18.1 | -8.6% |
| France | 89.5 | 98.3 | 62.5 | 0.2 | -86.9% |
| Others | 12.5 | 5.4 | 5.6 | 4.8 | -27.3% |
| Total | 248 | 313 | 247 | 180 | -10.1% |
Top Suppliers of Cocoa Bean to the UK in 2022:
- France (undefinedK tons)
- Cote d'Ivoire (59.6K tons)
- Ghana (7.2K tons)
Cocoa Bean Exports in the UK
In 2022, approx. 227 tons of cocoa beans were exported from the UK; reducing by -3.7% on 2021 figures. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. As a result, the exports attained the peak of 235 tons, and then reduced in the following year.
In value terms, cocoa bean exports fell slightly to $852K in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.
| Export of Cocoa Bean in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 247 | 0% |
| Ireland | 118 | 117 | 29.5 | 195 | 18.2% |
| Hong Kong SAR | N/A | 1.4 | 11.9 | 126 | 848.7% |
| Netherlands | 323 | 116 | 448 | 82.4 | -36.6% |
| South Africa | 1.2 | N/A | N/A | 74.2 | 295.4% |
| Australia | 1.5 | N/A | 19.7 | 55.5 | 233.2% |
| Estonia | 5.3 | 2.7 | 110 | 24.3 | 66.1% |
| Poland | 86.2 | 108 | 35.9 | 3.6 | -65.3% |
| Sweden | 42.6 | 32.7 | 12.4 | 1.4 | -68.0% |
| Japan | 135 | N/A | 48.2 | N/A | -40.2% |
| Germany | 85.7 | 68.2 | 40.6 | N/A | -31.2% |
| Czech Republic | 60.0 | 98.8 | N/A | N/A | 64.7% |
| Others | 252 | 181 | 109 | 42.9 | -44.6% |
| Total | 1,109 | 726 | 865 | 852 | -8.4% |
Top Export Markets for Cocoa Bean from the UK in 2022:
- Indonesia (117.9 tons)
- Netherlands (30.6 tons)
- Ireland (21.3 tons)
- South Africa (19.3 tons)
- Australia (15.7 tons)
- Hong Kong SAR (11.9 tons)
- Estonia (4.2 tons)
- Poland (0.6 tons)
- Sweden (0.1 tons)
This report provides an in-depth analysis of the cocoa bean market in the UK. 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 Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
883
This report provides an in-depth analysis of the cocoa bean market in the UK.
10634
This report provides an in-depth analysis of the global cocoa bean market.
883
This report provides an in-depth analysis of the cocoa bean market in the UK.
10634
This report provides an in-depth analysis of the global cocoa bean market.
168
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.
1627
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.
617
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>
3288
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 ...
6493
Global cocoa consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1561
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...
10486
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...
1667
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.
1409
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
168
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.
