Price for Cocoa; Paste, Not Defatted in Ecuador - 2022
Contents:
- Price for Cocoa; Paste, Not Defatted in Ecuador (FOB) - 2022
- Price for Cocoa; Paste, Not Defatted in Ecuador (CIF) - 2022
- Exports of Cocoa; Paste, Not Defatted in Ecuador
- Imports of Cocoa; Paste, Not Defatted in Ecuador
Price for Cocoa; Paste, Not Defatted in Ecuador (FOB) - 2022
In January 2022, the average cocoa; paste, not defatted export price amounted to $3,679 per ton, with an increase of 2.4% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2021 when the average export price increased by 8.9% against the previous month. The export price peaked in January 2022.
Average prices varied somewhat for the major foreign markets. In January 2022, the countries with the highest prices were Germany ($4,524 per ton) and Japan ($3,778 per ton), while the average price for exports to Peru ($3,366 per ton) and Chile ($3,410 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in Ecuador (CIF) - 2022
The average cocoa; paste, not defatted import price stood at $4,745 per ton in 2022, falling by -20.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 35%. As a result, import price reached the peak level of $6,632 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($9,655 per ton), while the price for the UK amounted to $780 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+9.0%), while the prices for the other major suppliers experienced a decline.
Exports of Cocoa; Paste, Not Defatted in Ecuador
In 2022, the amount of cocoa; paste, not defatteds exported from Ecuador stood at 20K tons, surging by 3% against the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 55%. As a result, the exports reached the peak of 20K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cocoa; paste, not defatted exports expanded modestly to $70M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55%. As a result, the exports reached the peak of $72M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cocoa; Paste, Not Defatted in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.1 | 35.7 | 26.6 | 30.7 | 19.3% |
| Argentina | 3.5 | 6.5 | 8.9 | 8.4 | 33.9% |
| Chile | 6.0 | 5.7 | 7.8 | 7.2 | 6.3% |
| Japan | 5.1 | 6.2 | 5.9 | 5.2 | 0.6% |
| Canada | 1.5 | 5.0 | 5.1 | 4.8 | 47.4% |
| Peru | 2.9 | 3.9 | 4.5 | 4.2 | 13.1% |
| Australia | 2.0 | 2.8 | 1.4 | 2.0 | 0.0% |
| Germany | 1.5 | 1.6 | 1.9 | 2.0 | 10.1% |
| Others | 6.1 | 5.0 | 6.1 | 5.8 | -1.7% |
| Total | 46.6 | 72.4 | 68.2 | 70.3 | 14.7% |
Top Export Markets for Cocoa; Paste, Not Defatted from Ecuador in 2022:
- United States (8.4K tons)
- Argentina (2.4K tons)
- Chile (1.9K tons)
- Canada (1.6K tons)
- Japan (1.4K tons)
- Peru (1.3K tons)
- Australia (0.5K tons)
- Germany (0.5K tons)
Imports of Cocoa; Paste, Not Defatted in Ecuador
Cocoa; paste, not defatted imports into Ecuador was estimated at 1 tons in 2022, with an increase of 8.6% compared with the previous year. Overall, imports, however, faced a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 23%.
In value terms, cocoa; paste, not defatted imports reduced to $4.7K in 2022. Over the period under review, imports, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 39%.
| Import of Cocoa; Paste, Not Defatted in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 5.7 | 3.4 | 0.8 | 4.3 | -9.0% |
| United Kingdom | 0.6 | 0.6 | 0.1 | 0.4 | -12.6% |
| Spain | 6.3 | N/A | N/A | N/A | 0% |
| New Zealand | N/A | N/A | 4.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.5 | 4.0 | 5.5 | 4.7 | -27.8% |
Top Suppliers of Cocoa; Paste, Not Defatted to Ecuador in 2022:
- United Kingdom (553.0 kg)
- Colombia (447.0 kg)
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This report provides an in-depth analysis of the cocoa paste market in Ecuador.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Ecuador.
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This report provides an in-depth analysis of the global cocoa paste market.
1120
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752
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...
1854
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...
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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...
