COCOA TRADE (IMPORT) (Imported product (Cocoa husks, Cocoa butter, ,…
COCOA TRADE (IMPORT)
Percentage of imported cocoa
Factors of imported cocoa
Rapidly expanding local cocoa grindings activity in contrast to the declining local production of
Lack of locally produced cocoa beans to meet the demand for local grindings coupled
In 1980, 49.3% of the total import value was from the import of cocoa beans and 50.7% of import value from cocoa products. In 2007, 91.3% of the total import value was for the import of cocoa beans and only 8.7% for the import of cocoa products.
Imported of cocoa beans increasing in 2000 to 2011
The local production was <5,000 tons
Increasing to 106,701 tons at a value of RM292.4 million in 2000 and then Increasing to 438,956 tons valued at 2,704.4 million in 2007, and by many folds to almost 295,000 tons in 2011
Imported of cocoa beans decreased in 1980 to 1985
Largely attributed to the increase in
local production of cocoa beans to meet the local grindings demand
From 1,347 tons at a value of RM7.6
million to 50 tons at RM240,000.