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

Contents:

  1. Price for Cocoa; Paste, Not Defatted in Kuwait (CIF) - 2022
  2. Imports of Cocoa; Paste, Not Defatted in Kuwait

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

In 2022, the average cocoa; paste, not defatted import price amounted to $4,413 per ton, declining by -4.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum at $5,493 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($9,443 per ton), while the price for Egypt ($1,230 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cocoa; Paste, Not Defatted in Kuwait

Cocoa; paste, not defatted imports into Kuwait fell notably to 2.7 tons in 2022, with a decrease of -18.8% against the previous year's figure. In general, imports saw a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 90% against the previous year.

In value terms, cocoa; paste, not defatted imports contracted dramatically to $12K in 2022. Overall, imports continue to indicate a significant curtailment. The growth pace was the most rapid in 2021 when imports increased by 83%.

Import of Cocoa; Paste, Not Defatted in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.72.33.83.4-23.9%
Cote d'Ivoire4.71.63.12.7-16.9%
Lebanon4.71.53.02.6-17.9%
Saudi Arabia3.11.01.71.7-18.1%
Netherlands5.30.20.20.2-66.5%
Egypt0.30.10.20.2-12.6%
France0.20.10.20.20.0%
Spain4.20.60.50.1-71.2%
Others1.71.12.80.9-19.1%
Total31.98.415.411.9-28.0%

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

  1. United States (1119.0 kg)
  2. Cote d'Ivoire (509.0 kg)
  3. Lebanon (485.0 kg)
  4. Saudi Arabia (199.0 kg)
  5. France (145.0 kg)
  6. Egypt (136.0 kg)
  7. Netherlands (22.0 kg)
  8. Spain (9.0 kg)

Source: IndexBox Market Intelligence Platform

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