What is the price of cocoa beans per kilogram/pound in Venezuela today?
The retail price range for Venezuela cocoa beans is between US$ 2.10 and US$ 7.34 per kilogram or between US$ 0.95 and US$ 3.33 per pound(lb). Click here to see today's exact prices of cocoa beans in Venezuela
The retail price range in Euro for cocoa beans is between EUR 1.72 and EUR 6.02 per kilogram or between EUR 0.78 and EUR 2.73 per pound(lb) in Caracas and Maracaibo.
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Enquire NowWholesale prices
In 2024, the approximate wholesale price range for Venezuela cocoa beans is between US$ 1.47 and US$ 5.14 per kilogram or between US$ 0.67 and US$ 2.33 per pound(lb).
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Venezuela Cocoa Beans Export Prices - Historical, Trends and Prediction
The export price of Cocoa Beans from Venezuela has seen moderate fluctuation over the past five years. In 2018, the export price per kilogram was $2.61, which decreased to $2.57 in 2019. In 2020, the price rose to $2.77, and in 2021 it dipped again to $2.75. In 2022, the export price per kilogram was $2.68. Looking ahead, it is expected that the export price of Cocoa Beans from Venezuela will continue to fluctuate in the coming years. Predicted prices for 2023 and 2024 are $2.98 and $2.90 per kilogram, respectively.
The Venezuela cocoa beans exports are categorised as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
Venezuela Cocoa Beans Import Prices - Historical, Trends and Prediction
Export values for Venezuela cocoa beans
The total values in export for cocoa beans in Venezuela were US$ 30,961, US$ 25,479, US$ 28,200 and US$ 46,605 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Venezuela: 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.
Venezuela cocoa beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Venezuela sold 18,141 tonnes of cocoa beans. Through 2019 alone, the market for Venezuela cocoa beans (processed category) has improved, changing by 69.321 per cent compared to the year 2018. Between 2017 and 2019, cocoa beans' exports increased by 107.59% bringing the nation US$46.60m for the year 2019. Venezuela's cocoa beans exports are categorised as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
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Venezuela cocoa beans export values
In 2019, Venezuela sold cocoa beans with a value of 46.60m USD, a surge of 65.25% from 2018's total cocoa beans export of 28.2m USD. The annual change in value of Venezuela cocoa beans between 2017 to 2018 was 10.679 pc.
The annual variation in the quantity of Venezuela's cocoa beans exports between 2017 and 2019 was 107.59 per cent compared to a variation of 69.321% in the period between 2018 and 2019.
Export markets for Venezuela cocoa beans ( in '000$ )
Venezuela's leading destinations for cocoa beans are Malaysia, Japan, US, Canada and Indonesia.
Venezuela brought in 0 tonnes of cocoa beans in 2019.
Production
The production of cocoa beans in Venezuela was 23,847 tonnes in 2019 and is projected to change by an average of -1.88%. The country had approximately 80,924.00 hectares under cocoa beans cultivation.
Farm Gate of Venezuela’s Cocoa Beans
The farm gate price of Venezuela cocoa beans was 72.38 Bolívares ($2) per kg in March 2024, but direct sales to chocolate factories earned growers 253.33 Bolívares ($7) per kg.
Traders usually earn a simple mark up on top of the farm gate price. The International Institute for Sustainable Development (IISD) put this rate at 8%.
The old No.1 Cocoa Producer in the World
Venezuela used to be the no.1 cocoa-producing nation around 1800 but by 2024, it was producing less than 1% of world cocoa. The output in the year 1800 was 20,000 tonnes a year but through the middle of the 20th century, this amount had halved to 10,000 tonnes per year. In 2024, unofficial total production is thought to be in the range of 15,000 and 20,000 tonnes per year.
Trinitario and Criollo Cacao Beans
Despite losing out on the production front, Venezuela today produces some of the world’s finest cocoa beans. The northwest South American nation grows the Criollo cacao bean variety, which some call the “champagne” of the cocoa world because of its superb quality. This variety makes only 1% of the global cocoa harvest because it is rare.
Besides, there is also the Trinitario cacao variety, whose global output is 10%. Again, Venezuela produces the world’s bulk of this variety but in small quantities.