Price for Cocoa; Paste, Not Defatted in Canada - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Canada (CIF) - 2022
- Price for Cocoa; Paste, Not Defatted in Canada (FOB) - 2023
- Imports of Cocoa; Paste, Not Defatted in Canada
- Exports of Cocoa; Paste, Not Defatted in Canada
Price for Cocoa; Paste, Not Defatted in Canada (CIF) - 2022
The average cocoa; paste, not defatted import price stood at $4,069 per ton in 2022, dropping by -3.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 20% against the previous year. The import price peaked at $4,682 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($4,829 per ton) and the United States ($4,273 per ton), while the price for the Dominican Republic ($3,622 per ton) and Ghana ($3,703 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in Canada (FOB) - 2023
In June 2023, the average cocoa; paste, not defatted export price amounted to $4,714 per ton, with a decrease of -9.7% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 11% against the previous month. The export price peaked at $5,507 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.1% per month.
Imports of Cocoa; Paste, Not Defatted in Canada
Cocoa; paste, not defatted imports into Canada soared to 22K tons in 2022, picking up by 40% compared with the year before. Overall, imports, however, saw a mild shrinkage.
In value terms, cocoa; paste, not defatted imports skyrocketed to $90M in 2022. Over the period under review, imports recorded a relatively flat trend pattern.
| Import of Cocoa; Paste, Not Defatted in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 38.4 | 49.3 | 26.1 | 28.7 | -9.2% |
| Cote d'Ivoire | 30.2 | 15.6 | 18.7 | 24.4 | -6.9% |
| Ecuador | 1.0 | 6.2 | 5.2 | 11.0 | 122.4% |
| Belgium | 11.1 | 13.5 | 12.1 | 9.9 | -3.7% |
| Ghana | 3.9 | 15.0 | 2.8 | 6.0 | 15.4% |
| France | 0.1 | 0.3 | N/A | 5.8 | 287.1% |
| Dominican Republic | N/A | N/A | N/A | 1.4 | 0% |
| Others | 3.3 | 1.3 | 1.5 | 2.8 | -5.3% |
| Total | 87.8 | 101 | 66.4 | 89.9 | 0.8% |
Top Suppliers of Cocoa; Paste, Not Defatted to Canada in 2022:
- United States (6.7K tons)
- Cote d'Ivoire (6.3K tons)
- Ecuador (2.9K tons)
- Belgium (2.0K tons)
- Ghana (1.6K tons)
- France (1.4K tons)
- Dominican Republic (0.4K tons)
Exports of Cocoa; Paste, Not Defatted in Canada
In 2022, overseas shipments of cocoa; paste, not defatteds were finally on the rise to reach 7.1K tons after two years of decline. Overall, exports, however, showed a noticeable reduction.
In value terms, cocoa; paste, not defatted exports surged to $34M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cocoa; Paste, Not Defatted in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.4 | 28.7 | 24.4 | 33.6 | 1.2% |
| Mexico | 0.3 | 1.7 | 0.6 | 0.3 | 0.0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 32.8 | 30.6 | 24.9 | 33.9 | 1.1% |
Top Export Markets for Cocoa; Paste, Not Defatted from Canada in 2022:
- United States (7.1K tons)
- Mexico (0.1K tons)
553
This report provides an in-depth analysis of the cocoa paste market in Canada.
781
This report provides an in-depth analysis of the global cocoa paste market.
553
This report provides an in-depth analysis of the cocoa paste market in Canada.
781
This report provides an in-depth analysis of the global cocoa paste market.
122
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1193
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
784
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
1961
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1081
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
122
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1193
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
784
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
1961
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1081
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
