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

Contents:

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

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

In 2022, the average cocoa; paste, not defatted import price amounted to $6,708 per ton, surging by 23% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Peru ($11,051 per ton), while the price for Germany ($6,401 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+43.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Paste, Not Defatted in Denmark (FOB) - 2022

The average cocoa; paste, not defatted export price stood at $6,334 per ton in 2022, shrinking by -2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 69% against the previous year. The export price peaked at $6,565 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($7,651 per ton), while the average price for exports to the Netherlands ($3,725 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 Germany (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Cocoa; Paste, Not Defatted in Denmark

In 2022, supplies from abroad of cocoa; paste, not defatteds decreased by -78.8% to 26 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 175% against the previous year.

In value terms, cocoa; paste, not defatted imports declined notably to $177K in 2022. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 175% against the previous year.

Import of Cocoa; Paste, Not Defatted in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany209N/AN/A154-9.7%
Belgium5.81941639.317.0%
PeruN/A4035125.1-88.8%
Netherlands6.9N/AN/A5.0-10.2%
Others2.417.73.83.917.6%
Total224615679177-7.5%

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

  1. Germany (24.1 tons)
  2. Belgium (1.1 tons)
  3. Netherlands (0.6 tons)
  4. Peru (0.5 tons)

Exports of Cocoa; Paste, Not Defatted in Denmark

Cocoa; paste, not defatted exports from Denmark reduced markedly to 3.6 tons in 2022, falling by -47.5% compared with the year before. Overall, exports saw a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by 1,954% against the previous year.

In value terms, cocoa; paste, not defatted exports dropped sharply to $23K in 2022. Over the period under review, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 3,365% against the previous year.

Export of Cocoa; Paste, Not Defatted in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iceland45.6N/A44.614.7-31.4%
Netherlands0.4N/AN/A3.9113.6%
Germany39.61.3N/A3.7-54.6%
United Kingdom0.5N/AN/AN/A0%
Others1.9N/AN/A0.6-31.9%
Total87.91.344.622.9-36.1%

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

  1. Iceland (1926.0 kg)
  2. Netherlands (1048.0 kg)
  3. Germany (598.0 kg)
  4. United Kingdom (3.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Cocoa; paste, not defatted - Denmark