What is the price of cocoa beans per kilogram/pound in Ecuador today?
The retail price range for Ecuador cocoa beans is between US$ 4.61 and US$ 6.97 per kilogram or between US$ 2.09 and US$ 3.16 per pound(lb). Click here to see today's exact prices of cocoa beans in Ecuador
The retail price range in US Dollar for cocoa beans is between USD 4.61 and USD 6.97 per kilogram or between USD 2.09 and USD 3.16 per pound(lb) in Quito and Guayaquil.
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In 2024, the approximate wholesale price range for Ecuador cocoa beans is between US$ 3.22 and US$ 4.88 per kilogram or between US$ 1.46 and US$ 2.21 per pound(lb).
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Ecuador Cocoa Beans Export Prices - Historical, Trends and Prediction
In 2019, the export price of Cocoa Beans from Ecuador was US$2.43 per Kg. In 2020, the export price rose to US$2.52 per Kg. The 2021 price dropped to US$ 2.49 per Kg, while the 2022 and 2023 prices were US$2.34 and 3.23 per Kg respectively. For the year 2024, the predicted export price of Cocoa Beans from Ecuador is US$ 3.8 per Kg.
The cocoa beans exports from Ecuador are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
Ecuador Cocoa Beans Import Prices - Historical, Trends and Prediction
Export values for Ecuador cocoa beans
The total values in export for cocoa beans in Ecuador were US$ 621,970, US$ 589,750, US$ 665,177 and US$ 657,272 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ecuador: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cocoa beans in other countries across South America: Argentina cocoa beans, Bolivia cocoa beans, Brazil cocoa beans, Chile cocoa beans, Colombia cocoa beans, Ecuador cocoa beans, French Guiana cocoa beans, Guyana cocoa beans, Paraguay cocoa beans & Peru cocoa beans.
Ecuador cocoa beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ecuador shipped 270,944 tonnes of cocoa beans. Across 2019 alone, the interest in Ecuador cocoa beans (processed category) has reduced, recording a change of -7.862 per cent compared to the year 2018. Between 2017 and 2019, cocoa beans' exports reduced by -4.78 percent bringing Ecuador US$657.27m for the year 2019. Ecuador's cocoa beans exports are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
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Ecuador cocoa beans export values
In 2019, Ecuador supplied cocoa beans valued at 657.27m USD, a drop of -1.19% from 2018's total cocoa beans export of 665.177m USD. The yearly reduction in value of Ecuador cocoa beans between 2017 to 2018 was 12.79 pc.
The per year variation in the volume of Ecuador's cocoa beans exports between 2017 and 2019 was -4.78 per cent in comparison to a variation of -7.862% in the period between 2018 and 2019.
Export markets for Ecuador cocoa beans ( in '000$ )
Ecuador's best performing destinations for cocoa beans are Indonesia, US, the Netherlands, Malaysia and Mexico.
Ecuador brought in 60 tonnes of cocoa beans in 2019.
Production
The production of cocoa beans in Ecuador was 283,680 tonnes in 2019 and is forecast to change by an average of 20.62%. The country had approximately 525,435.00 hectares under cocoa beans cultivation.
Birthplace of Cocoa
Ecuador is sometimes acknowledged as the “birthplace of cocoa” because it possesses a rich historical heritage of archaeological objects associated with cocoa residue found in Aztec-Mayan ruins. Earthenware products from the sites show traces of cocoa content, an indicator that the cacao tree could have grown here before 3000 B.C.
No.2 Cocoa Beans Exporter
Ecuador ranks third in global cocoa production and first in the production of fine flavour cocoa. In 2022, it came second in cocoa bean exports after Ivory Coast, with an export value of $915.5 million. Its 2023 aggregate export value of cocoa beans and cocoa products reached 352,000 tonnes.
Direct Farmer-Manufacturer Commerce
Farmers in Ecuador sell their cocoa directly to chocolate makers such as Toak Chocolate, which brings them handsome farm gate offers. While, for instance, the producer price of wet cacao beans in conventional markets was just $0.55 per kg in 2021, farmers selling directly to Toak could earn up to $4.41 a kg.
A further boost to this relationship is the fact that the world’s biggest chocolate maker, Barry Callebaut has a factory in Ecuador. Starting 2022, the company established 640-acre sustainable practices-driven cocoa farm in Ecuador. This is set to improve the market value of the country’s cocoa which could also benefit farmers’ prices.
Retail Prices of Ecuadorian Cacao Beans
Lowest price: $4.76 per kg
Highest price: $6.03 per kg
The price of Ecuadorian cacao beans that farmers receive from direct sales to chocolate factories is between $4.41 per kg and $5.29. This means a retail price of between $4.76 and $6.03 per kg.