Liberia: Cocoa Market 2020

Cocoa Market Size in Liberia

The revenue of the cocoa market in Liberia amounted to $X in 2018, jumping by X% against the previous year. Overall, cocoa consumption, however, continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the cocoa market attained its maximum level at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Cocoa Production in Liberia

In value terms, cocoa production totaled $X in 2018 estimated in export prices. Over the period under review, cocoa production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, cocoa production attained its peak figure level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

In 2018, the average cocoa yield in Liberia amounted to X kg per ha, stabilizing at the previous year. Overall, the cocoa yield continues to indicate a slight decrease. The growth pace was the most rapid in 2015 when yield increased by X% against the previous year. The global cocoa yield peaked at X kg per ha in 2011; however, from 2012 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Cocoa harvested area in Liberia amounted to X ha in 2018, increasing by X% against the previous year. Overall, the cocoa harvested area continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to cocoa production attained its peak figure at X ha in 2012; however, from 2013 to 2018, harvested area failed to regain its momentum.

Cocoa Exports

Exports from Liberia

Cocoa exports from Liberia totaled X tons in 2018, lowering by -X% against the previous year. In general, cocoa exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, cocoa exports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, cocoa exports amounted to $X in 2018. In general, cocoa exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, cocoa exports reached their peak figure at $X in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Exports by Country

Cote d'Ivoire was the main exporter of cocoa (beans) in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2018. 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 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, the largest cocoa markets from Liberia were Cote d'Ivoire ($X), Ghana ($X) and Cameroon ($X), with a combined X% share of total exports. These countries were followed by Ecuador, Belgium, the Netherlands, Malaysia, Nigeria and Liberia, which together accounted for a further X recorded the highest rates of growth with regard to exports, among 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 Liberia stood at $X per ton in 2018, lowering by -X% against the previous year. Overall, the cocoa export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% y-o-y. In that year, the export prices for cocoa (beans) attained their peak level of $X per ton. From 2011 to 2018, the growth in terms of the export prices for cocoa (beans) 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 Liberia

In 2018, approx. X kg of cocoa (beans) were imported into Liberia; waning by -X% against the previous year. Over the period under review, cocoa imports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Liberia imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, cocoa imports stood at $X in 2018. Overall, cocoa imports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, cocoa imports attained their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

The Netherlands represented the key importer of cocoa (beans) in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2018. The U.S. (X tons) took an X% share (based on tons) of total imports, which put it in second place, followed by Belgium (X%), Malaysia (X%), Germany (X%) and Indonesia (X%). 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 ($X) constitutes the largest market for imported cocoa (beans) into Liberia, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the Netherlands, cocoa imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Germany (+X% per year).

Import Prices by Country

The cocoa import price in Liberia stood at $X per ton in 2018, shrinking by -X% against the previous year. In general, the cocoa import price, however, continues to indicate an extraordinary increase. The growth pace was the most rapid in 2013 an increase of X% y-o-y. Over the period under review, the import prices for cocoa (beans) attained their peak figure at $X per ton in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

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