Global Demand for Cocoa Beans

It is estimated that in Asia alone demand for the grain will increase between 5% and 9% in the next four to five years, opening up opportunities for high quality cocoa for america producers.

Wednesday, May 28, 2014

Encouraged by the deficit of about 175,000 tonnes in the last world harvest, the return of traditional consumers in Europe and the United States and increasing consumption in emerging countries, cocoa prices rose by 25% in 2013 and continued to rise in early 2014, reaching a cost per ton of £1,900 ($3.200 U.S. dollars) in London and more than $3,000 in New York.

"In a global chocolate market estimated at $108.000 million ... Latin America was responsible for 16% of world production in 2013/2014, ie, about 666,000 out of the 4.1 million tons produced in the world . "The demand for cocoa in emerging countries has increased substantially, particularly in China," which has added to the "strong return" of traditional consumers (Europe, followed by North America) said Florence Pradier, secretary general of the Chocolate Alliance Association 7 in Paris ... Asian demand has also increased ... in particular there has been an expansion in "the Indian market, (which) has the highest growth in the world between 20 and 25%" a year. "



More on this topic

New Markets for Central American Cacao

November 2015

China and Russia are beginning to position themselves globally as the two emerging markets with the greatest potential for growth in the consumption of chocolate.

While European countries remain the main consumers of cocoa and its derivatives worldwide, in some of them the sector appears to be becoming saturated, while the Asian markets, particularly China and Russia, are beginning to show more and more interest in importing these products.

More Competition in the Cocoa Market

August 2014

This year Ecuador could surpass Brazil as the largest producer of cocoa in America, with an expected increase of 9% in production, estimated at 240 thousand tons.

Like other producers of the grain, Ecuador is taking advantage of the surge in global demand for chocolate, devoting more resources to the cocoa industry in the country.

Growth in Peruvian Cocoa Exports to Canada

August 2014

The FTA signed between the two countries explains the increase in sales of Peruvian cacao in Canada, which went from $200,000 in 2008 to $3.5 million in 2013.

From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):

Peruvian cocoa exports to Canada, according to the Business Intelligence System of the Exporters Association of Peru (ADEX), went from $200,000 in 2008 to $3.5 million in 2013 and the amount accumulated between January and May this year totaled $644,000.

Price of Cocoa Rose 24% In 2013

December 2013

It is estimated that in 2014 it will rise by another 14% due to growth in global demand, specifically generated in Asia.

An article by Bloomberg.com reports that "global cocoa stocks are on route to having the most prolonged deficit in more than 50 years as demand for chocolate soars in Asia."

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