Central African Republic: Cocoa Market 2020

Cocoa Market Size in Central African Republic

The revenue of the cocoa market in Central African Republic amounted to $X in 2018, going down by -X% against the previous year. Overall, cocoa consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Central African Republic cocoa consumption peaked at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Cocoa Production in Central African Republic

In value terms, cocoa production amounted to $X in 2018 estimated in export prices. Overall, cocoa production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Central African Republic cocoa production peaked at $X in 2017, and then declined slightly in the following year.

In 2018, the average yield of cocoa (beans) in Central African Republic stood at X kg per ha, approximately mirroring the previous year. Overall, the cocoa yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, the cocoa yield attained its peak level of X kg per ha. From 2011 to 2018, the growth of the cocoa yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cocoa (beans) were harvested in Central African Republic; falling by -X% against the previous year. Over the period under review, the cocoa harvested area continues to indicate a drastic shrinkage. The growth pace was the most rapid in 2010 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cocoa production reached its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Cocoa Exports

Exports from Central African Republic

In 2018, approx. X tons of cocoa (beans) were exported from Central African Republic; rising by X% against the previous year. In general, cocoa exports continue to indicate buoyant growth. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, cocoa exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, cocoa exports stood at $X in 2018. Over the period under review, cocoa exports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Central African Republic exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Cote d'Ivoire represented the major exporting country with an export of about X tons, which finished at X% of total exports. Ghana (X tons) ranks second in terms of the total exports with a X% share, followed by Cameroon (X%), Ecuador (X%) and Belgium (X%). The following exporters - the Netherlands (X tons), Malaysia (X tons) and Nigeria (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa markets from Central African Republic were Cote d'Ivoire ($X), Ghana ($X) and Cameroon ($X), together comprising X% of total exports. These countries were followed by Ecuador, Belgium, the Netherlands, Malaysia, Nigeria and Central African Republic, which together accounted for a further X African Republic recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The cocoa export price in Central African Republic stood at $X per ton in 2018, increasing by X% against the previous year. Overall, the cocoa export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when the export price increased by X% year-to-year. Over the period under review, the export prices for cocoa (beans) reached their maximum in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Cameroon ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ghana, while the other leaders experienced more modest paces of growth.

Cocoa Imports

Imports by Country

The Netherlands was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by the U.S. (X tons), Belgium (X tons), Malaysia (X tons), Germany (X tons) and Indonesia (X tons), together mixing up a X% share of total imports. France (X tons), Spain (X tons), the UK (X tons), Italy (X tons), Turkey (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to cocoa imports into the Netherlands stood at +X%. At the same time, Indonesia (+X%), Belgium (+X%), Italy (+X%), Turkey (+X%), Spain (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Singapore, France and Germany experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) and the UK (-X%) illustrated a downward trend over the same period. The Netherlands (+X p.p.), Indonesia (+X p.p.), Belgium (+X p.p.) and the U.S. (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK and Malaysia saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported cocoa (beans) into Central African Republic, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the Netherlands, cocoa imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the cocoa import price in Central African Republic amounted to $X per ton, remaining stable against the previous year. Overall, the cocoa import price continues to indicate a relatively flat trend pattern. Central African Republic import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Turkey ($X per ton) and Germany ($X per ton), while Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform