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

Contents:

  1. Price for Cocoa; Paste, Not Defatted in Malaysia (FOB) - 2021
  2. Price for Cocoa; Paste, Not Defatted in Malaysia (CIF) - 2021
  3. Exports of Cocoa; Paste, Not Defatted in Malaysia
  4. Imports of Cocoa; Paste, Not Defatted in Malaysia

Price for Cocoa; Paste, Not Defatted in Malaysia (FOB) - 2021

In December 2021, the average cocoa; paste, not defatted export price amounted to $3,148 per ton, waning by -22.8% against the previous month. Overall, the export price continues to indicate a perceptible slump. The pace of growth was the most pronounced in August 2021 when the average export price increased by 10% month-to-month. The export price peaked at $4,470 per ton in May 2021; however, from June 2021 to December 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In December 2021, the country with the highest price was Australia ($4,352 per ton), while the average price for exports to Japan ($1,770 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cocoa; Paste, Not Defatted in Malaysia (CIF) - 2021

In December 2021, the average cocoa; paste, not defatted import price amounted to $3,651 per ton, rising by 23% against the previous month. Over the period under review, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in August 2021 an increase of 36% against the previous month. Over the period under review, average import prices reached the maximum at $4,809 per ton in March 2021; however, from April 2021 to December 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($5,446 per ton), while the price for Indonesia ($3,226 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cocoa; Paste, Not Defatted in Malaysia

In 2022, exports of cocoa; paste, not defatteds from Malaysia fell to 27K tons, with a decrease of -12.5% on the previous year's figure. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 33%.

In value terms, cocoa; paste, not defatted exports shrank to $109M in 2022. In general, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, the exports attained the peak of $123M, and then reduced in the following year.

Export of Cocoa; Paste, Not Defatted in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore36.832.032.428.5-8.2%
Japan24.914.523.019.7-7.5%
China12.87.518.916.17.9%
Australia11.310.017.214.79.2%
South Korea5.95.99.27.910.2%
Turkey9.311.36.27.5-6.9%
Thailand5.75.36.15.2-3.0%
India2.31.82.31.9-6.2%
Others9.96.87.57.3-9.7%
Total11995.0123109-2.9%

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

  1. Singapore (7.0K tons)
  2. Japan (5.6K tons)
  3. China (3.5K tons)
  4. Australia (3.3K tons)
  5. Turkey (1.9K tons)
  6. South Korea (1.8K tons)
  7. Thailand (1.3K tons)
  8. India (0.5K tons)

Imports of Cocoa; Paste, Not Defatted in Malaysia

In 2022, after two years of decline, there was growth in purchases abroad of cocoa; paste, not defatteds, when their volume increased by 3.6% to 6.2K tons. Over the period under review, imports, however, saw a sharp reduction.

In value terms, cocoa; paste, not defatted imports stood at $21M in 2022. Overall, imports, however, recorded a precipitous descent.

Import of Cocoa; Paste, Not Defatted in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia39.27.90.99.1-38.5%
Ghana4.95.09.55.96.4%
Singapore5.35.76.94.3-6.7%
Germany1.60.51.10.7-24.1%
Netherlands0.50.40.30.2-26.3%
Others1.11.01.70.3-35.2%
Total52.620.720.520.6-26.8%

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

  1. Indonesia (2.7K tons)
  2. Ghana (1.8K tons)
  3. Singapore (0.8K tons)
  4. Germany (0.7K tons)
  5. Netherlands (0.2K tons)

Source: IndexBox Market Intelligence Platform

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