United Arab Emirates: Cocoa Bean Market 2024

Cocoa Bean Market Size in the United Arab Emirates

The cocoa bean market in the United Arab Emirates was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Cocoa Bean Production in the United Arab Emirates

In value terms, cocoa bean production rose modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of cocoa beans in the United Arab Emirates totaled less than X kg per ha in 2022, leveling off at 2021 figures. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cocoa bean harvested area in the United Arab Emirates was estimated at less than X ha in 2022, stabilizing at the previous year. Over the period under review, the harvested area saw a relatively flat trend pattern.

Cocoa Bean Exports

Exports from the United Arab Emirates

Cocoa bean exports from the United Arab Emirates reduced notably to X tons in 2022, which is down by X% on the previous year's figure. In general, exports showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa bean exports declined remarkably to $X in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons) was the main destination for cocoa bean exports from the United Arab Emirates, with a X% share of total exports. It was followed by Oman (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Qatar (X% per year).

In value terms, Iran ($X) remains the key foreign market for cocoa beans exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Oman (X% per year).

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iran ($X 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 Oman (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Bean Imports

Imports into the United Arab Emirates

Cocoa bean imports into the United Arab Emirates fell to X tons in 2022, dropping by X% compared with the previous year's figure. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, cocoa bean imports contracted dramatically to $X in 2022. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) was the main cocoa bean supplier to the United Arab Emirates, accounting for a X% share of total imports. It was followed by Ghana (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Uganda (X% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa beans to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Uganda (X% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uganda ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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