Price for Cocoa; Paste, Not Defatted in Guatemala - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Guatemala (CIF) - 2022
- Price for Cocoa; Paste, Not Defatted in Guatemala (FOB) - 2022
- Imports of Cocoa; Paste, Not Defatted in Guatemala
- Exports of Cocoa; Paste, Not Defatted in Guatemala
Price for Cocoa; Paste, Not Defatted in Guatemala (CIF) - 2022
In 2022, the average cocoa; paste, not defatted import price amounted to $4,137 per ton, growing by 2.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 17%. The import price peaked at $4,585 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($4,531 per ton), while the price for Ecuador ($3,903 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa; Paste, Not Defatted in Guatemala (FOB) - 2022
The average cocoa; paste, not defatted export price stood at $12,720 per ton in 2022, declining by -25.2% against the previous year. Overall, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 191% against the previous year. The export price peaked at $19,658 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($38,174 per ton), while the average price for exports to Austria ($11,988 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 the United States (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste, Not Defatted in Guatemala
In 2022, approx. 305 tons of cocoa; paste, not defatteds were imported into Guatemala; with an increase of 47% compared with the year before. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cocoa; paste, not defatted imports skyrocketed to $1.3M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 52% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Cocoa; Paste, Not Defatted in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 163 | 192 | 236 | 756 | 66.8% |
| Ecuador | 510 | 763 | 485 | 349 | -11.9% |
| Peru | N/A | 46.4 | 119 | 158 | 84.5% |
| Others | 0.1 | 20.5 | 0.7 | 0.6 | 81.7% |
| Total | 673 | 1,022 | 841 | 1,264 | 23.4% |
Top Suppliers of Cocoa; Paste, Not Defatted to Guatemala in 2022:
- Mexico (181.1 tons)
- Ecuador (89.4 tons)
- Peru (34.9 tons)
Exports of Cocoa; Paste, Not Defatted in Guatemala
For the fourth consecutive year, Guatemala recorded growth in shipments abroad of cocoa; paste, not defatteds, which increased by 83% to 5.8 tons in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 159%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, cocoa; paste, not defatted exports soared to $73K in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 215% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cocoa; Paste, Not Defatted in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.8 | 17.2 | 31.8 | 46.7 | 196.0% |
| Austria | N/A | N/A | N/A | 19.1 | 0% |
| Sweden | N/A | 0.4 | N/A | 4.4 | 231.7% |
| United States | 5.1 | 7.6 | 4.9 | 3.1 | -15.3% |
| Iceland | 10.9 | 30.6 | 16.9 | N/A | 24.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.7 | 55.8 | 53.6 | 73.2 | 60.5% |
Top Export Markets for Cocoa; Paste, Not Defatted from Guatemala in 2022:
- Netherlands (3.8 tons)
- Austria (1.6 tons)
- United States (0.2 tons)
- Sweden (0.1 tons)
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This report provides an in-depth analysis of the cocoa paste market in Guatemala.
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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 Guatemala.
765
This report provides an in-depth analysis of the global cocoa paste market.
79
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.
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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.
1133
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 ...
762
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...
1884
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...
1045
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...
