Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia (CIF) - 2022
In March 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $2,321 per ton, reducing by -3.1% against the previous month. Overall, the import price showed a mild downturn. The most prominent rate of growth was recorded in December 2021 an increase of 2.6% month-to-month. Over the period under review, average import prices reached the peak figure at $2,675 per ton in March 2021; however, from April 2021 to March 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($3,373 per ton), while the price for Cameroon ($2,206 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $3,154 per ton in March 2022, increasing by 15% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in October 2021 an increase of 23% month-to-month. Over the period under review, the average export prices hit record highs in March 2022.
There were significant differences in the average prices for the major overseas markets. In March 2022, the country with the highest price was the United States ($5,625 per ton), while the average price for exports to Malaysia stood at $2,704 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia
In 2022, approx. 239K tons of cocoa beans; whole or broken, raw or roasteds were imported into Indonesia; which is down by -5.1% compared with the previous year's figure. Overall, imports recorded a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds contracted to $547M in 2022. In general, imports saw a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of $617M, and then declined in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 151 | 194 | 158 | 147 | -0.9% |
| Nigeria | 62.2 | 46.8 | 69.6 | 106 | 19.4% |
| Cote d'Ivoire | 110 | 125 | 181 | 89.2 | -6.7% |
| Peru | 39.1 | 25.0 | 27.0 | 47.2 | 6.5% |
| Guinea | 0.8 | 0.5 | 4.8 | 29.2 | 231.7% |
| Malaysia | 44.6 | 7.8 | 15.8 | 19.9 | -23.6% |
| Papua New Guinea | 10.2 | 8.2 | 22.7 | 19.2 | 23.5% |
| Kenya | 12.1 | 16.6 | 10.0 | 18.2 | 14.6% |
| Cameroon | 67.9 | 27.9 | 28.5 | 14.2 | -40.6% |
| Tanzania | 5.0 | 2.3 | 1.5 | 12.4 | 35.4% |
| Liberia | 1.8 | 2.9 | 3.1 | 10.7 | 81.1% |
| Ghana | 35.1 | 14.5 | 41.2 | 5.9 | -44.8% |
| Others | 45.4 | 33.2 | 54.1 | 28.7 | -14.2% |
| Total | 585 | 505 | 617 | 547 | -2.2% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Indonesia in 2022:
- Ecuador (62.8K tons)
- Nigeria (50.1K tons)
- Cote d'Ivoire (38.5K tons)
- Peru (20.3K tons)
- Guinea (13.4K tons)
- Papua New Guinea (8.4K tons)
- Kenya (8.2K tons)
- Malaysia (7.2K tons)
- Cameroon (6.3K tons)
- Tanzania (5.4K tons)
- Liberia (5.1K tons)
- Ghana (2.2K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia
In 2022, after two years of decline, there was significant growth in overseas shipments of cocoa beans; whole or broken, raw or roasteds, when their volume increased by 10% to 25K tons. Over the period under review, exports, however, showed a abrupt descent.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds amounted to $64M in 2022. Overall, exports, however, recorded a abrupt curtailment.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 74.8 | 71.6 | 55.0 | 60.7 | -6.7% |
| Philippines | N/A | N/A | 0.7 | 1.2 | 71.4% |
| Others | 5.8 | 4.2 | 0.7 | 1.9 | -31.1% |
| Total | 80.6 | 75.8 | 56.3 | 63.9 | -7.4% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Indonesia in 2022:
- Malaysia (23.7K tons)
- Philippines (0.5K tons)
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