Price for Cocoa; Paste, Not Defatted in Azerbaijan - 2022

Contents:

  1. Price for Cocoa; Paste, Not Defatted in Azerbaijan (CIF) - 2022
  2. Imports of Cocoa; Paste, Not Defatted in Azerbaijan

Price for Cocoa; Paste, Not Defatted in Azerbaijan (CIF) - 2022

In 2022, the average cocoa; paste, not defatted import price amounted to $6,348 per ton, jumping by 42% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa; paste, not defatted import price increased by +66.6% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +6.4% per year.

Imports of Cocoa; Paste, Not Defatted in Azerbaijan

Cocoa; paste, not defatted imports into Azerbaijan declined notably to 100 kg in 2022, which is down by -97.8% on 2021 figures. Over the period under review, imports continue to indicate a sharp slump. The growth pace was the most rapid in 2021 with an increase of 201%.

In value terms, cocoa; paste, not defatted imports declined notably to $635 in 2022. Overall, imports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 227%.

Import of Cocoa; Paste, Not Defatted in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey20.55.820.10.6-69.2%
Others0.10.30.1N/A0.0%
Total20.66.120.10.6-69.2%

Top Suppliers of Cocoa; Paste, Not Defatted to Azerbaijan in 2022:

  1. Turkey (100.0 kg)

Source: IndexBox Market Intelligence Platform

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