Germany - 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 PricingGermany's Cocoa Bean Price Falls Slightly, Average Price $2,761/Ton
Germany Cocoa Bean Import Price in December 2022
In December 2022, the cocoa bean price stood at $2,761 per ton (CIF, Germany), approximately equating the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 an increase of 3.9% month-to-month. The import price peaked at $2,802 per ton in November 2022, and then shrank in the following month.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Ecuador ($3,222 per ton) and Ghana ($2,888 per ton), while the price for Nigeria ($2,621 per ton) and the Netherlands ($2,694 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Ghana (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Import Price Cocoa Bean in Germany (USD per ton) | |||||||||||||
| Ecuador | 2867.0 | 2771.0 | 2930.0 | 2770.0 | 2946.0 | 3032.0 | 3023.0 | 2998.0 | 3063.0 | 3135.0 | 4816.0 | 3377.0 | 3222.0 |
| Ghana | 2427.0 | 2705.0 | 2662.0 | 2759.0 | 2726.0 | 2788.0 | 2819.0 | 2810.0 | 2854.0 | 2860.0 | 2953.0 | 2995.0 | 2888.0 |
| Cote d'Ivoire | 2682.0 | 2571.0 | 2531.0 | 2603.0 | 2652.0 | 2734.0 | 2668.0 | 2746.0 | 2785.0 | 2738.0 | 2655.0 | 2837.0 | 2851.0 |
| Belgium | 2911.0 | 2768.0 | 2898.0 | 2716.0 | 2810.0 | 2854.0 | 2998.0 | 2854.0 | 2650.0 | 3004.0 | 2917.0 | 2882.0 | 2708.0 |
| Netherlands | 2429.0 | 2448.0 | 2405.0 | 2477.0 | 2606.0 | 2467.0 | 2361.0 | 2559.0 | 2513.0 | 2515.0 | 2600.0 | 2665.0 | 2694.0 |
| Nigeria | 2355.0 | 2369.0 | 2475.0 | 2551.0 | 2443.0 | 2310.0 | 2500.0 | 2418.0 | 2352.0 | 2418.0 | 2420.0 | 2415.0 | 2621.0 |
| Average | 2711.0 | 2611.0 | 2595.0 | 2625.0 | 2701.0 | 2654.0 | 2690.0 | 2744.0 | 2644.0 | 2747.0 | 2743.0 | 2802.0 | 2761.0 |
Germany Cocoa Bean Imports
For the third consecutive month, Germany recorded growth in overseas purchases of cocoa beans, which increased by 1.8% to 41K tons in December 2022. Over the period under review, total imports indicated prominent growth from December 2021 to December 2022: its volume increased at an average monthly rate of +5.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, imports increased by +20.1% against September 2022 indices. The growth pace was the most rapid in May 2022 with an increase of 71% month-to-month. As a result, imports reached the peak of 53K tons. From June 2022 to December 2022, the growth of imports failed to regain momentum.
In value terms, cocoa bean imports totaled $113M (IndexBox estimates) in December 2022. In general, total imports indicated a remarkable increase from December 2021 to December 2022: its value increased at an average monthly rate of +5.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, imports increased by +20.7% against September 2022 indices. The most prominent rate of growth was recorded in May 2022 when imports increased by 68% month-to-month. As a result, imports reached the peak of $141M. From June 2022 to December 2022, the growth of imports failed to regain momentum.
Germany Cocoa Bean Imports by Country
the Netherlands (16K tons), Belgium (14K tons) and Cote d'Ivoire (7.5K tons) were the main suppliers of cocoa bean imports to Germany, with a combined 90% share of total imports. Ecuador, Nigeria and Ghana lagged somewhat behind, together accounting for a further 9%.
From December 2021 to December 2022, the biggest increases were in Ghana (with a CAGR of +87.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest cocoa bean suppliers to Germany were the Netherlands ($43M), Belgium ($37M) and Cote d'Ivoire ($21M), together comprising 89% of total imports. Ecuador, Nigeria and Ghana lagged somewhat behind, together comprising a further 9.6%.
Among the main suppliers, Ghana, with a CAGR of +89.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the cocoa bean market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
