Price for Cocoa; Paste, Not Defatted in Brazil - 2023

Contents:

1. Price for Cocoa; Paste, Not Defatted in Brazil (FOB) - 2023
2. Price for Cocoa; Paste, Not Defatted in Brazil (CIF) - 2022
3. Exports of Cocoa; Paste, Not Defatted in Brazil
4. Imports of Cocoa; Paste, Not Defatted in Brazil

Price for Cocoa; Paste, Not Defatted in Brazil (FOB) - 2023

In July 2023, the average cocoa; paste, not defatted export price amounted to $4,213 per ton, with a decrease of -2.1% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 7.1% m-o-m. As a result, the export price reached the peak level of $4,302 per ton, and then dropped modestly in the following month.

Average prices varied somewhat for the major export markets. In July 2023, the country with the highest price was Chile ($5,491 per ton), while the average price for exports to Argentina totaled $4,160 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.3%).

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

The average cocoa; paste, not defatted import price stood at $3,863 per ton in 2022, shrinking by -1.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 6.1%. As a result, import price reached the peak level of $4,821 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($4,181 per ton) and Ghana ($4,059 per ton), while the price for Cote d'Ivoire ($3,763 per ton) and Ecuador ($3,774 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cocoa; Paste, Not Defatted in Brazil

Cocoa; paste, not defatted exports from Brazil dropped to 5.8K tons in 2022, waning by -13.9% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of 6.8K tons, and then dropped in the following year.

In value terms, cocoa; paste, not defatted exports dropped to $23M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of $26M, and then fell in the following year.

Top Export Markets for Cocoa; Paste, Not Defatted from Brazil in 2022:

1. Netherlands (undefinedK tons)
2. Argentina (5.3K tons)
3. Chile (0.5K tons)

Imports of Cocoa; Paste, Not Defatted in Brazil

Cocoa; paste, not defatted imports into Brazil skyrocketed to 791 tons in 2022, with an increase of 91% against 2021 figures. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa; paste, not defatted imports surged to $3.1M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Ecuador (528.0 tons)
2. Ghana (168.0 tons)
3. Malaysia (57.0 tons)
4. Cote d'Ivoire (37.8 tons)

Source: IndexBox Market Intelligence Platform