Cocoa Bean Market in the United States
Market Overview
After two years of growth, the U.S. cocoa bean market decreased by -
% to $ in . Overall, the total consumption indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
% to $ in . Overall, the total consumption indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Consumption
In , approx. tons of cocoa beans were consumed in the United States; which is down by -% compared with . In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at tons in 2015; however, from 2016 to , consumption failed to regain momentum.
The revenue of the cocoa bean market in the United States shrank sharply to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a mild increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Cocoa bean consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, approx. tons of cocoa beans were consumed in the United States; which is down by -% compared with . In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at tons in 2015; however, from 2016 to , consumption failed to regain momentum.The revenue of the cocoa bean market in the United States shrank sharply to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a mild increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Cocoa bean consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for cocoa beans in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Cocoa bean market in the United States consists almost entirely of imported products.
Trade Balance
The United States remains a net importer of cocoa bean; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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