Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Panama - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Panama (FOB) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Panama (CIF) - 2022
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Panama
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Panama
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Panama (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $3,664 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a noticeable slump. The growth pace was the most rapid in 2013 an increase of 49% against the previous year. Over the period under review, the average export prices attained the maximum at $8,566 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($8,920 per ton), while the average price for exports to Belgium ($3,197 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Panama (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $1,739 per ton, with an increase of 6.1% against the previous year. Overall, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 43% against the previous year. As a result, import price attained the peak level of $2,785 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($1,922 per ton), while the price for Ecuador amounted to $1,280 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (-0.1%).
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Panama
Exports of cocoa beans; whole or broken, raw or roasteds from Panama reduced notably to 494 tons in 2022, falling by -25.8% on 2021 figures. Overall, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 665 tons, and then shrank notably in the following year.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds contracted rapidly to $1.8M in 2022. In general, exports saw a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of $2.5M, and then shrank markedly in the following year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 964 | 1,205 | 1,284 | 827 | -5.0% |
| Netherlands | 663 | 84.0 | 596 | 453 | -11.9% |
| Belgium | 164 | 582 | 333 | 245 | 14.3% |
| Argentina | N/A | N/A | N/A | 168 | 0% |
| South Africa | 99.5 | 51.9 | 77.5 | 71.4 | -10.5% |
| France | 20.4 | N/A | 98.4 | 43.5 | 28.7% |
| Others | 12.4 | 14.5 | 71.7 | 2.4 | -42.2% |
| Total | 1,922 | 1,938 | 2,461 | 1,808 | -2.0% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Panama in 2022:
- Germany (209.5 tons)
- Netherlands (128.9 tons)
- Belgium (76.5 tons)
- Argentina (45.6 tons)
- South Africa (20.6 tons)
- France (12.0 tons)
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Panama
In 2022, after three years of growth, there was significant decline in overseas purchases of cocoa beans; whole or broken, raw or roasteds, when their volume decreased by -59.7% to 178 tons. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 32%.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds contracted significantly to $309K in 2022. Over the period under review, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 13%.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 302 | 336 | 358 | 244 | -6.9% |
| Ecuador | 322 | 369 | 367 | 65.1 | -41.3% |
| Others | N/A | 1.9 | N/A | 0.2 | -67.6% |
| Total | 625 | 707 | 724 | 309 | -20.9% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Panama in 2022:
- Costa Rica (127.0 tons)
- Ecuador (50.9 tons)
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