Saudi Arabia: Cocoa Bean Market 2025

Cocoa Bean Market Size in Saudi Arabia

The Saudi cocoa bean market surged to $X in 2022, with an increase of 604% against the previous year. Overall, consumption continues to indicate a strong increase. Cocoa bean consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cocoa Bean Production in Saudi Arabia

In value terms, cocoa bean production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 35% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average cocoa bean yield in Saudi Arabia amounted to less than X kg per ha, remaining stable against the previous year's figure. In general, the yield saw 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 Saudi Arabia; leveling off at 2021 figures. In general, the harvested area recorded a relatively flat trend pattern.

Cocoa Bean Exports

Exports from Saudi Arabia

In 2021, shipments abroad of cocoa beans was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa bean exports soared to $X in 2021. Over the period under review, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cocoa bean exports from Saudi Arabia, with a 97% share of total exports. It was followed by France (X kg), with a 1.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for cocoa beans exports from Saudi Arabia, comprising 99% of total exports. The second position in the ranking was taken by France ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2021, the average cocoa bean export price amounted to $X per ton, reducing by -32.2% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 75% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the 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 the United Arab Emirates ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-0.5%), while the prices for the other major destinations experienced a decline.

Cocoa Bean Imports

Imports into Saudi Arabia

In 2022, after four years of growth, there was significant decline in supplies from abroad of cocoa beans, when their volume decreased by -23.9% to X tons. In general, imports, however, posted a perceptible increase. The growth pace was the most rapid in 2021 with an increase of 91% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, cocoa bean imports shrank modestly to $X in 2022. Overall, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 0.4%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of cocoa bean to Saudi Arabia, accounting for a 32% share of total imports. Moreover, cocoa bean imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2014 to 2022, the average annual growth rate of volume from Belgium totaled -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+766.7% per year) and the Netherlands (0.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of cocoa beans to Saudi Arabia, comprising 36% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.5% share of total imports.

From 2014 to 2022, the average annual rate of growth in terms of value from Belgium totaled -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+31.5% per year) and the Netherlands (0.0% per year).

Import Prices by Country

In 2022, the average cocoa bean import price amounted to $X per ton, picking up by 31% against the previous year. Overall, the import price posted a mild increase. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.1%).

Source: IndexBox Platform

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