Indonesia: Cocoa Bean Market 2025

Cocoa Bean Market Size in Indonesia

In 2022, the Indonesian cocoa bean market increased by 7.2% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.7% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Cocoa Bean Production in Indonesia

In value terms, cocoa bean production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 59%. Cocoa bean production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average cocoa bean yield in Indonesia reduced modestly to X kg per ha, remaining stable against the previous year's figure. The yield figure increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 34%. The cocoa bean yield peaked at X kg per ha in 2021, and then reduced modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cocoa beans in Indonesia amounted to X ha, remaining constant against 2021. In general, the harvested area, however, saw a pronounced decline. The cocoa bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Cocoa Bean Exports

Exports from Indonesia

In 2022, after two years of decline, there was significant growth in shipments abroad of cocoa beans, when their volume increased by 28% to X tons. Over the period under review, exports, however, showed a abrupt shrinkage. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cocoa bean exports soared to $X in 2022. Overall, exports, however, recorded a abrupt curtailment. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for cocoa bean exports from Indonesia, with a 95% share of total exports. It was followed by Belgium (X tons), with a 1.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+19.4% per year) and Singapore (-37.5% per year).

In value terms, Malaysia ($X) remains the key foreign market for cocoa beans exports from Indonesia, comprising 96% of total exports. The second position in the ranking was taken by Singapore ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-36.1% per year) and Belgium (+9.5% per year).

Export Prices by Country

In 2022, the average cocoa bean export price amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2014 an increase of 31%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Belgium ($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 Thailand (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Indonesia

Cocoa bean imports into Indonesia soared to X tons in 2022, jumping by 30% compared with the previous year's figure. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 283% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cocoa bean imports skyrocketed to $X in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 341%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Cote d'Ivoire (X tons), Ecuador (X tons) and Nigeria (X tons) were the main suppliers of cocoa bean imports to Indonesia, together comprising 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +95.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ecuador ($X) and Nigeria ($X) appeared to be the largest cocoa bean suppliers to Indonesia, with a combined 64% share of total imports.

In terms of the main suppliers, Ecuador, with a CAGR of +94.5%, recorded 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.

Import Prices by Country

In 2022, the average cocoa bean import price amounted to $X per ton, reducing by -9.2% against the previous year. Overall, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2014 when the average import price increased by 24%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Dominican Republic ($X per ton) and Malaysia ($X per ton), while the price for Nigeria ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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