Luxembourg: Cocoa Bean Market 2025

Cocoa Bean Market Size in Luxembourg

The Luxembourg cocoa bean market reached $X in 2022, surging by 14% against the previous year. In general, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Cocoa Bean Production in Luxembourg

In value terms, cocoa bean production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume decreased by 99.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The average yield of cocoa beans in Luxembourg totaled less than X kg per ha in 2022, leveling off at 2021. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of cocoa beans were harvested in Luxembourg; remaining stable against 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cocoa Bean Exports

Exports from Luxembourg

In 2022, overseas shipments of cocoa beans decreased by -52.1% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,948%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa bean exports fell markedly to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,740%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for cocoa bean exports from Luxembourg, accounting for a 66% share of total exports. Moreover, cocoa bean exports to Germany exceeded the volume sent to the second major destination, Austria (X kg), fivefold. France (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +72.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+2.6% per year) and France (+42.7% per year).

In value terms, Germany ($X) remains the key foreign market for cocoa beans exports from Luxembourg, comprising 65% of total exports. The second position in the ranking was held by Austria ($X), with a 14% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +136.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-0.9% per year) and France (+97.1% per year).

Export Prices by Country

In 2022, the average cocoa bean export price amounted to $X per ton, reducing by -16.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and Italy ($X per ton), while the average price for exports to Austria ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Luxembourg

In 2022, the amount of cocoa beans imported into Luxembourg reduced modestly to X tons, waning by -2.3% on the year before. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 129%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cocoa bean imports amounted to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 76% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of cocoa bean to Luxembourg, with a 51% share of total imports. Moreover, cocoa bean imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X kg), fourfold. The third position in this ranking was held by France (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.8% per year) and France (-11.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of cocoa beans to Luxembourg, comprising 61% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Brazil, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.8% per year) and Brazil (+18.5% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2022, surging by 4.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded 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 failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+35.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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