Price for Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea (CIF) - 2022
The average import price for cocoa beans; whole or broken, raw or roasteds stood at $2,721 per ton in December 2022, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 170% m-o-m. As a result, import price attained the peak level of $7,308 per ton. From October 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($9,117 per ton), while the price for Ghana amounted to $2,675 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $9,244 per ton in 2022, with an increase of 1.6% against the previous year. In general, the export price, however, saw a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 266%. Over the period under review, the average export prices hit record highs at $16,382 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($11,041 per ton), while the average price for exports to Singapore stood at $7,500 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+110.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea
In 2022, purchases abroad of cocoa beans; whole or broken, raw or roasteds decreased by -3.7% to 4.5K tons, falling for the second year in a row after two years of growth. Overall, imports showed a slight contraction. The pace of growth was the most pronounced in 2020 when imports increased by 2% against the previous year. As a result, imports reached the peak of 4.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds fell to $12M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 9.7% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 10.8 | 12.2 | 11.7 | 10.7 | -0.3% |
| Ecuador | 0.6 | 0.5 | 0.7 | 0.7 | 5.3% |
| Peru | 0.9 | 0.8 | 0.8 | 0.6 | -12.6% |
| Others | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Total | 12.6 | 13.8 | 13.4 | 12.4 | -0.5% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to South Korea in 2022:
- Ghana (4.1K tons)
- Ecuador (0.3K tons)
- Peru (0.1K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea
In 2022, shipments abroad of cocoa beans; whole or broken, raw or roasteds was finally on the rise to reach 197 kg after two years of decline. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds skyrocketed to $1.8K in 2022. Over the period under review, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 77.0 | 91.0 | 1,071 | 272.9% |
| Singapore | 500 | N/A | N/A | 750 | 14.5% |
| Hong Kong SAR | 614 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,114 | 77.0 | 91.0 | 1,821 | 17.8% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from South Korea in 2022:
- Singapore (100.0 kg)
- United States (97.0 kg)
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