South-Eastern Asia: Cocoa Bean Market 2025

Cocoa Bean Market Size in South-Eastern Asia

The Southeast Asian cocoa bean market was estimated at $X in 2022, flattening at the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.1% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Cocoa Bean Production in South-Eastern Asia

In value terms, cocoa bean production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a modest expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 58%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Indonesia (X tons) constituted the country with the largest volume of cocoa bean production, accounting for 98% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Indonesia was relatively modest.

In 2022, the average cocoa bean yield in South-Eastern Asia fell to X kg per ha, flattening at 2021. The yield figure increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by 33%. Over the period under review, the cocoa bean yield hit record highs at X kg per ha in 2021, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cocoa bean harvested area in South-Eastern Asia totaled X ha, remaining relatively unchanged against the previous year. Overall, the harvested area, however, showed a slight downturn. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Cocoa Bean Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of cocoa beans increased by 0.1% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 36%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cocoa bean exports stood at $X in 2022. Overall, exports, however, showed a pronounced decline. The growth pace was the most rapid in 2018 when exports increased by 15%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia represented the major exporter of cocoa beans in South-Eastern Asia, with the volume of exports accounting for X tons, which was near 75% of total exports in 2022. It was distantly followed by Indonesia (X tons), achieving a 22% share of total exports. The Philippines (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cocoa bean exports from Malaysia stood at +7.7%. At the same time, the Philippines (+20.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +20.2% from 2012-2022. By contrast, Indonesia (-16.0%) illustrated a downward trend over the same period. While the share of Malaysia (+53 p.p.) and the Philippines (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-54.5 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest cocoa bean supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Malaysia amounted to +7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-14.4% per year) and the Philippines (+28.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.0%), while the other leaders experienced mixed trends in the export price figures.

Cocoa Bean Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of cocoa beans were imported in South-Eastern Asia; growing by 3.5% against the previous year. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 73%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, cocoa bean imports contracted modestly to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.2% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by 47%. The level of import peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Malaysia (X tons) and Indonesia (X tons) represented roughly 89% of total imports in 2022. It was distantly followed by Singapore (X tons), mixing up an 11% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +30.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa bean importing markets in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Singapore ($X), together accounting for 100% of total imports.

Indonesia, with a CAGR of +27.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, falling by -4.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 27% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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