Spain - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's Cocoa Bean Price Drops 4% to $2,550 per Ton
Spain Cocoa Bean Import Price in October 2022
In October 2022, the cocoa bean price amounted to $2,550 per ton (CIF, Spain), falling by -3.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 3.4% against the previous month. As a result, import price attained the peak level of $2,684 per ton. From September 2022 to October 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ecuador ($3,191 per ton), while the price for Uganda ($1,224 per ton) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spain Cocoa Bean Imports
Cocoa bean imports into Spain fell to 6.4K tons in October 2022, waning by -7.4% against the month before. In general, imports continue to indicate a slight reduction. The growth pace was the most rapid in February 2022 when imports increased by 36% against the previous month. Over the period under review, imports reached the maximum at 10K tons in May 2022; however, from June 2022 to October 2022, imports failed to regain momentum.
In value terms, cocoa bean imports fell to $16M (IndexBox estimates) in October 2022. Overall, imports showed a mild downturn. The most prominent rate of growth was recorded in February 2022 with an increase of 32% m-o-m. Imports peaked at 27K tons in May 2022; however, from June 2022 to October 2022, imports remained at a lower figure.
Spain Cocoa Bean Imports by Country
In October 2022, Cote d'Ivoire (2.7K tons) constituted the largest cocoa bean supplier to Spain, with a 42% share of total imports. Moreover, cocoa bean imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Cameroon (1.1K tons), twofold. Ghana (700 tons) ranked third in terms of total imports with an 11% share.
From January 2022 to October 2022, the average monthly growth rate of volume from Cote d'Ivoire stood at -4.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Cameroon (+5.8% per month) and Ghana (-4.4% per month).
In value terms, Cote d'Ivoire ($6.9M) constituted the largest supplier of cocoa bean to Spain, comprising 42% of total imports. The second position in the ranking was taken by Cameroon ($2.7M), with a 16% share of total imports. It was followed by Ghana, with an 11% share.
From January 2022 to October 2022, the average monthly growth rate of value from Cote d'Ivoire amounted to -4.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Cameroon (+6.5% per month) and Ghana (-5.9% per month).
Factors Affecting Cocoa Bean Prices
The cocoa bean price in Spain is largely determined by the following factors: production costs, weather conditions, international demand and prices. Production costs have risen in recent years due to increased labor costs and the need for more sophisticated processing facilities.
Moreover, demand for cocoa products has increased globally, as more people become aware of the health benefits of cocoa. This has led to an increase in the price of cocoa beans on the international market.
Cocoa beans are a tropical crop, and so they are susceptible to damage from extreme weather conditions such as hurricanes and droughts. Bad weather conditions in some of the major cocoa-producing countries have led to a decrease in production, driving up prices even further.
This report provides an in-depth analysis of the cocoa bean market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
