Price for Cocoa; Paste, Not Defatted in Iran - 2021

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

The average cocoa; paste, not defatted import price stood at $3,714 per ton in 2022, reducing by -13.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 12%. Over the period under review, average import prices reached the peak figure at $4,366 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($17,106 per ton), while the price for Singapore ($3,427 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average cocoa; paste, not defatted export price amounted to $3,706 per ton, remaining constant against the previous year. Overall, the export price enjoyed a mild expansion. The most prominent rate of growth was recorded in 2019 an increase of 2% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2015 to 2022, the rate of growth in terms of prices for Lebanon amounted to +5.8% per year.

Imports of Cocoa; Paste, Not Defatted in Iran

In 2022, overseas purchases of cocoa; paste, not defatteds were finally on the rise to reach 1.3K tons after two years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern 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 rose remarkably to $4.7M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cocoa; Paste, Not Defatted in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	2,248	1,886	1,429	2,210	-0.6%
Singapore	549	471	682	1,044	23.9%
Netherlands	212	515	787	344	17.5%
Germany	479	552	383	126	-35.9%
France	115	65.2	49.3	96.7	-5.6%
Others	761	787	853	893	5.5%
Total	4,365	4,275	4,184	4,714	2.6%

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

Turkey (584.6 tons)
Singapore (304.7 tons)
Netherlands (95.5 tons)
Germany (30.8 tons)
France (24.5 tons)

Exports of Cocoa; Paste, Not Defatted in Iran

After two years of decline, overseas shipments of cocoa; paste, not defatteds decreased by 0% to 68 kg in 2022. In general, exports recorded a dramatic shrinkage. The smallest decline of 99.9% was in 2020.

In value terms, cocoa; paste, not defatted exports stood at $252 in 2022. Over the period under review, exports recorded a precipitous decrease. The smallest decline of 99.9% was in 2020.