Timor-Leste: Cocoa Market 2020

Cocoa Market Size in Timor-Leste

The revenue of the cocoa market in Timor-Leste amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, cocoa consumption continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Timor-Leste cocoa consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Cocoa Production in Timor-Leste

In value terms, cocoa production amounted to $X in 2018 estimated in export prices. In general, the total output indicated a prominent expansion from 2007 to 2018: its value 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 production decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, cocoa production attained its peak figure level at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Average yield of cocoa (beans) in Timor-Leste amounted to X kg per ha in 2018, stabilizing at the previous year. Over the period under review, the cocoa yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when yield increased by X% against the previous year. Over the period under review, the cocoa yield attained its peak figure level in 2018 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cocoa (beans) were harvested in Timor-Leste; surging by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to cocoa production attained its maximum in 2018 and is expected to retain its growth in the immediate term.

Cocoa Exports

Exports by Country

In 2018, Cote d'Ivoire (X tons) represented the main exporter of cocoa (beans), creating X% of total exports. Ghana (X tons) ranks second in terms of the total exports with a X% share, followed by Cameroon (X%), Ecuador (X%) and Belgium (X%). The Netherlands (X tons), Malaysia (X tons) and Nigeria (X tons) followed a long way behind the leaders.

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, the largest cocoa markets from Timor-Leste were Cote d'Ivoire ($X), Ghana ($X) and Cameroon ($X), together accounting for X% of total exports. Ecuador, Belgium, the Netherlands, Malaysia and Nigeria lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cocoa export price in Timor-Leste amounted to $X per ton, remaining constant against the previous year. Over the period under review, the cocoa export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; 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 Timor-Leste

In 2018, approx. X tons of cocoa (beans) were imported into Timor-Leste; shrinking by -X% against the previous year. Over the period under review, cocoa imports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2017 when imports decreased by -X% against the previous year. Timor-Leste imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, cocoa imports amounted to $X in 2018. Over the period under review, cocoa imports continue to indicate a precipitous deduction. The most prominent rate of growth was recorded in 2010 with a decrease of -X% against the previous year. Over the period under review, cocoa imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the Netherlands (X tons) was the major importer of cocoa (beans), generating X% of total imports. It was distantly followed by the U.S. (X tons), Belgium (X tons), Malaysia (X tons), Germany (X tons) and Indonesia (X tons), together constituting a X% share of total imports. France (X tons), Spain (X tons), the UK (X tons), Italy (X tons), Turkey (X tons) and Singapore (X tons) followed a long way behind the leaders.

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. The Netherlands (+X p.p.), Indonesia (+X p.p.), Belgium (+X p.p.) and the U.S. (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK and Malaysia saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported cocoa (beans) into Timor-Leste, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the Netherlands, cocoa imports expanded at an average annual rate of +X% over the period from 2007-2018. 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 Timor-Leste stood at $X per ton in 2018, approximately equating the previous year. Over the period under review, the cocoa import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for cocoa (beans) reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

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