What is the price of cocoa beans per kilogram/pound in Philippines today?
The retail price range for Philippines cocoa beans is between US$ 4.58 and US$ 5.88 per kilogram or between US$ 2.08 and US$ 2.67 per pound(lb). Click here to see today's exact prices of cocoa beans in Philippines
The retail price range in Philippine peso for cocoa beans is between PHP 255.03 and PHP 327.03 per kilogram or between PHP 115.66 and PHP 148.32 per pound(lb) in Manila and Quezon.
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Enquire NowWholesale prices
In 2024, the approximate wholesale price range for Philippines cocoa beans is between US$ 3.21 and US$ 4.11 per kilogram or between US$ 1.45 and US$ 1.87 per pound(lb).
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Philippines Cocoa Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cocoa Beans from Philippines has seen a steady increase over the last five years. In 2016, the price was 2.96 US $ per kg, and in 2021, it was 2.60 US $ per kg. This represents an increase of 12.3% over the five-year period. The highest price was recorded in 2015 at 3.01 US $ per kg, while the lowest was in 2012 at 1.45 US $ per kg. Based on the current trend, it is predicted that the export price per kilogram of Cocoa Beans from Philippines will be 2.71 US $ per kg in 2023 and 2.81 US $ per kg in 2024.The the Philippines cocoa beans exports are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
Philippines Cocoa Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Beans into Philippines over the last five years has been relatively stable. In 2017, the price was 2.43 US$ per kg, followed by 2.4 US$ per kg in 2018. In 2019, the price increased to 2.54 US$ per kg and further increased to 2.61 US$ per kg in 2020. The highest price was recorded in 2021, at 2.6 US$ per kg. Based on the data, it is predicted that the import price per kilogram of Cocoa Beans into Philippines in 2023 will be 2.62 US$ per kg and in 2024 will be 2.64 US$ per kg.Export values for Philippines cocoa beans
The total values in export for cocoa beans in the Philippines were US$ 8,326, US$ 7,643 and US$ 7,855 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Philippines: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cocoa beans in other countries across Asia: Kazakhstan cocoa beans, Kyrgyzstan cocoa beans, Tajikistan cocoa beans, Turkmenistan cocoa beans, Uzbekistan cocoa beans, China cocoa beans, Hong Kong cocoa beans, Macao cocoa beans, North Korea cocoa beans & Mongolia cocoa beans.
Philippines cocoa beans - Production, Exports, Imports, Seasons and HS Codes
The amount of cocoa beans sold by the Philippines in 2020 was 5,250 tonnes. In 2019 The Philippines sold 3,096 tonnes of cocoa beans. For the year 2019 alone, the interest in the Philippines cocoa beans (processed category) has gone down, changing by -2.703 % compared to the year 2018. Between 2017 and 2019, cocoa beans' exports went down by -9.71 pc bringing the exporter US$7.86m for the year 2019. the Philippiness' cocoa beans exports are categorised as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
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Philippines cocoa beans export values
In 2019, the Philippines shipped cocoa beans worth 7.86m USD, a surge of 2.84% from 2018's total cocoa beans export of 7.643m USD. The yearly growth in value of the Philippines cocoa beans between 2017 to 2018 was -8.203 percent.
The annual/yearly variation in the volume of the Philippiness' cocoa beans exports between 2017 and 2019 was -9.71 per cent when compared to a variation of -2.703% in the growth rate between 2018 and 2019.
Export markets for Philippines cocoa beans ( in '000$ )
the Philippiness' top export markets for cocoa beans are Malaysia, Indonesia, Vietnam, Australia and United Kingdom (UK).
the Philippines brought in 0 tonnes of cocoa beans in 2019.
Production
The production of cocoa beans in the Philippines was 8,489 tonnes in 2019 and is estimated to change by an average of 6.34%. The country had approximately 30,257.00 hectares under cocoa beans cultivation.
Farm Gate Prices of Dried Cacao Beans in the Philippines
The average farm gate price of dried cacao beans in the Philippines has appreciated over two times in value between 2019 and 2024. The 2019 price was 103.76 pesos ($1.83) a kg per government's statistics. In February 2024, the farm gate price for dried cacao beans increased by 26.6% from the January rate of 246.28 pesos ($4.3) to 311.75 pesos ($5.51) per kg.
The Philippines boasts a mild equatorial climate that favors cocoa production in several islands. The leading production region is Davao in Mindanao Island. According to the government, the Davao cocoa growing region produced 7,258 tonnes of cacao beans in 2020. Central Luzon is the other cocoa cultivation region with an output of 338 tonnes, followed by Zamboanga Peninsula with 239 tonnes. The three areas helped bring production of cocoa beans in the Philippines to a total of 9,341 tonnes in 2020. The Philippines additionally imports up to 50,000 tonnes of cocoa beans and derivatives per year to meet domestic demand.