Sao Tome and Principe: Cocoa Market 2020

Cocoa Market Size in Sao Tome and Principe

The revenue of the cocoa market in Sao Tome and Principe amounted to $X in 2018, surging by X% against the previous year. Overall, cocoa consumption, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. Sao Tome and Principe cocoa consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Cocoa Production in Sao Tome and Principe

In value terms, cocoa production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a resilient increase from 2007 to 2018: its value decreased 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. The pace of growth appeared the most rapid in 2014 when production volume increased by X% y-o-y. In that year, cocoa production reached its peak level of $X. From 2015 to 2018, cocoa production growth remained at a somewhat lower figure.

In 2018, the average cocoa yield in Sao Tome and Principe totaled X kg per ha, lowering by -X% against the previous year. Over the period under review, the cocoa yield continues to indicate a temperate decline. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, the cocoa yield attained its peak figure level at X kg per ha in 2007; however, from 2008 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the cocoa harvested area in Sao Tome and Principe amounted to X ha, growing by X% against the previous year. Overall, the total harvested area indicated a measured 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 pace of growth appeared the most rapid in 2009 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cocoa production attained its maximum at X ha in 2014; however, from 2015 to 2018, harvested area stood at a somewhat lower figure.

Cocoa Exports

Exports from Sao Tome and Principe

In 2018, approx. X tons of cocoa (beans) were exported from Sao Tome and Principe; falling by -X% against the previous year. Overall, the total exports indicated a mild increase from 2007 to 2018: its volume 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. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, cocoa exports reached their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, cocoa exports stood at $X in 2018. Over the period under review, cocoa exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Sao Tome and Principe exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Cote d'Ivoire represented the largest exporter of cocoa (beans) in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2018. Ghana (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Cameroon (X%), Ecuador (X%) and Belgium (X%). The following exporters - the Netherlands (X tons), Malaysia (X tons) and Nigeria (X tons) - together made up X% of total exports.

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) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Ecuador, Belgium, the Netherlands, Malaysia, Nigeria and Sao Tome and Principe lagged somewhat behind, together accounting for a further X the main exporting countries, Malaysia recorded 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

The cocoa export price in Sao Tome and Principe stood at $X per ton in 2018, rising by X% against the previous year. In general, the export price indicated a remarkable expansion 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. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. Sao Tome and Principe export price peaked in 2018 and is likely to see steady growth in the immediate term.

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 Sao Tome and Principe

In 2018, approx. X kg of cocoa (beans) were imported into Sao Tome and Principe; going up by X% against the previous year. Overall, cocoa imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. In that year, cocoa imports reached their peak of X kg. From 2013 to 2018, the growth of cocoa imports remained at a lower figure.

In value terms, cocoa imports amounted to $X in 2018. Over the period under review, cocoa imports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Sao Tome and Principe imports peaked at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

The Netherlands represented the main importer of cocoa (beans) in the world, with the volume of imports amounting to X tons, which was near X% of total imports in 2018. It was distantly followed by the U.S. (X tons), Belgium (X tons), Malaysia (X tons), Germany (X tons) and Indonesia (X tons), together creating 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. While the share of the Netherlands (+X p.p.), Indonesia (+X p.p.), Belgium (+X p.p.) and the U.S. (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.) and Malaysia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported cocoa (beans) into Sao Tome and Principe, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($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 stood at +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

The cocoa import price in Sao Tome and Principe stood at $X per ton in 2018, waning by -X% against the previous year. Overall, the cocoa import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X% y-o-y. Over the period under review, the import prices for cocoa (beans) reached their peak figure at $X per ton in 2017, and then declined slightly in the following year.

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