Haiti: Cocoa Market 2020

Cocoa Market Size in Haiti

The revenue of the cocoa market in Haiti amounted to $X in 2018, going up by X% against the previous year. In general, cocoa consumption continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Haiti cocoa consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Cocoa Production in Haiti

In value terms, cocoa production totaled $X in 2018 estimated in export prices. Over the period under review, cocoa production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Haiti cocoa production peaked at $X in 2015; however, from 2016 to 2018, production stood at a somewhat lower figure.

In 2018, the average cocoa yield in Haiti stood at X kg per ha, remaining relatively unchanged against the previous year. Overall, the cocoa yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the cocoa yield attained its peak figure level at X kg per ha in 2010; however, from 2011 to 2018, yield stood 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 Haiti; surging by X% against the previous year. In general, the total harvested area indicated a resilient increase from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa harvested area increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cocoa production attained its peak figure at X ha in 2015; however, from 2016 to 2018, harvested area remained at a lower figure.

Cocoa Exports

Exports from Haiti

In 2018, the cocoa exports from Haiti totaled X tons, going down by -X% against the previous year. Over the period under review, cocoa exports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, cocoa exports attained their peak of X tons. From 2015 to 2018, the growth of cocoa exports remained at a somewhat lower figure.

In value terms, cocoa exports amounted to $X in 2018. Overall, cocoa exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, cocoa exports reached their peak of $X. From 2015 to 2018, the growth of cocoa exports remained at a lower figure.

Exports by Country

Cote d'Ivoire represented the major exporter of cocoa (beans) in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. It was distantly followed by Ghana (X tons), Cameroon (X tons), Ecuador (X tons) and Belgium (X tons), together constituting a X% share of total exports. The Netherlands (X tons), Malaysia (X tons) and Nigeria (X tons) followed a long way behind the leaders.

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, Cote d'Ivoire ($X), Ghana ($X) and Cameroon ($X) were the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Ecuador, Belgium, the Netherlands, Malaysia, Nigeria and Haiti lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Malaysia experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cocoa export price in Haiti amounted to $X per ton, going up by X% against the previous year. Overall, the export price indicated a conspicuous increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa export price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the export prices for cocoa (beans) attained their maximum at $X per ton in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

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 into Haiti

Cocoa imports into Haiti totaled X tons in 2018, jumping by X% against the previous year. Over the period under review, cocoa imports continue to indicate an extraordinary expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, cocoa imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, cocoa imports amounted to $X in 2018. In general, cocoa imports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Haiti imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

The Netherlands represented the largest importing country with an import of around X tons, which amounted to 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 achieving a X% share of total imports. The following importers - France (X tons), Spain (X tons), the UK (X tons), Italy (X tons), Turkey (X tons) and Singapore (X tons) - together made up X% of total imports.

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. From 2007 to 2018, the share of the Netherlands, Indonesia, Belgium and the U.S. increased by +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.) and Malaysia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in the Netherlands totaled +X%. 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 Haiti amounted to $X per ton, stabilizing at the previous year. Over the period under review, the cocoa import price continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the import prices for cocoa (beans) reached their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat 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