Slovakia: Cocoa Bean Market 2025

Cocoa Bean Market Size in Slovakia

The Slovak cocoa bean market surged to $X in 2022, picking up by 80% against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Cocoa bean consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Cocoa Bean Production in Slovakia

In value terms, cocoa bean production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume decreased by 99.9% against the previous year. Cocoa bean production peaked in 2022 and is expected to retain growth in years to come.

The average yield of cocoa beans in Slovakia was estimated at less than X kg per ha in 2022, remaining constant against 2021. Over the period under review, the yield continues to indicate 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, the total area harvested in terms of cocoa beans production in Slovakia totaled less than X ha, therefore, remained relatively stable against the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Cocoa Bean Exports

Exports from Slovakia

In 2022, overseas shipments of cocoa beans increased by 237% to X tons, rising for the third year in a row after two years of decline. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,795% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, cocoa bean exports skyrocketed to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,621%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Hungary (X kg) was the main destination for cocoa bean exports from Slovakia, with a 51% share of total exports. Moreover, cocoa bean exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X kg), threefold. The third position in this ranking was held by Romania (X kg), with a 12% share.

From 2017 to 2022, the average annual growth rate of volume to Hungary stood at +2,463.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+20.7% per year) and Romania (0.0% per year).

In value terms, Hungary ($X), Romania ($X) and Slovenia ($X) were the largest markets for cocoa bean exported from Slovakia worldwide, with a combined 63% share of total exports. The Czech Republic, Croatia, Bulgaria, Poland and the Netherlands lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Croatia, with a CAGR of +3,628.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, increasing by 11% against the previous year. In general, the export price posted prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 81%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+423.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Slovakia

In 2022, after three years of decline, there was significant growth in overseas purchases of cocoa beans, when their volume increased by 85% to X tons. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa bean imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) constituted the largest supplier of cocoa bean to Slovakia, accounting for a 89% share of total imports. Moreover, cocoa bean imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Ireland (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+604.2% per year) and Ireland (0.0% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa beans to Slovakia, comprising 81% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 5.2% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+421.9% per year) and Germany (+145.8% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2022, declining by -7.4% against the previous year. Overall, the import price saw a slight decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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