Report Update Nov 1, 2024

Greece - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Greece: Cocoa Bean Market 2024

Cocoa Bean Market Size in Greece

In 2022, the Greek cocoa bean market decreased by -28.5% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a mild downturn. Cocoa bean consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cocoa Bean Exports

Exports from Greece

In 2022, the amount of cocoa beans exported from Greece skyrocketed to X tons, with an increase of 250% compared with 2021 figures. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 611%. 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 soared to $X in 2022. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 398% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X kg) was the main destination for cocoa bean exports from Greece, with a 57% share of total exports. Moreover, cocoa bean exports to Romania exceeded the volume sent to the second major destination, Cyprus (X kg), threefold. The third position in this ranking was taken by Malta (X kg), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+34.9% per year) and Malta (+435.7% per year).

In value terms, the largest markets for cocoa bean exported from Greece were Romania ($X), Cyprus ($X) and Malta ($X), together comprising 81% of total exports.

Among the main countries of destination, Malta, with a CAGR of +303.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, falling by -43.8% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 678% against the previous year. The export price peaked at $X per ton in 2021, and then dropped markedly in the following year.

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 Bulgaria ($X per ton), while the average price for exports to Romania ($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 Germany (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Greece

In 2022, purchases abroad of cocoa beans decreased by -23.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a slight reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 49%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cocoa bean imports contracted significantly to $X in 2022. Over the period under review, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 80% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cocoa bean to Greece, with a 87% share of total imports. Moreover, cocoa bean imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Belgium (-19.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa beans to Greece, comprising 87% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.4% per year) and Belgium (-20.1% per year).

Import Prices by Country

In 2022, the average cocoa bean import price amounted to $X per ton, falling by -10% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?

The countries with the highest volumes of cocoa bean consumption in 2021 were Indonesia, Cote d'Ivoire and the Netherlands, with a combined 37% share of global consumption. These countries were followed by the United States, Germany, Malaysia, Brazil, Ghana, Nigeria, France, Turkey, Belgium and Canada, which together accounted for a further 43%.

What are the largest producers of cocoa beans in the world?

Cote d'Ivoire constituted the country with the largest volume of cocoa bean production, accounting for 39% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana, threefold. The third position in this ranking was occupied by Indonesia, with a 13% share.

What are the leading suppliers of cocoa beans to Greece?

In value terms, the Netherlands constituted the largest supplier of cocoa bean to Greece, comprising 94% of total imports. The second position in the ranking was occupied by Germany, with a 6.2% share of total imports.

What are the leading importers of cocoa beans from Greece?

In value terms, Bulgaria remains the key foreign market for cocoa bean exports from Greece, comprising 58% of total exports. The second position in the ranking was occupied by Cyprus $674), with a 26% share of total exports. It was followed by Malta, with an 8.9% share.

What is the average export price for cocoa beans in Greece?

The average cocoa bean export price stood at $4,060 per ton in 2021, surging by 23% against the previous year.

What is the average import price for cocoa beans in Greece?

The average cocoa bean import price stood at $2,787 per ton in 2021, remaining stable against the previous year.

This report provides an in-depth analysis of the cocoa bean market in Greece. 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:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023