Price for Cocoa; Paste, Not Defatted in Poland - 2023

Contents:

  1. Price for Cocoa; Paste, Not Defatted in Poland (CIF) - 2023
  2. Price for Cocoa; Paste, Not Defatted in Poland (FOB) - 2023
  3. Imports of Cocoa; Paste, Not Defatted in Poland
  4. Exports of Cocoa; Paste, Not Defatted in Poland

Price for Cocoa; Paste, Not Defatted in Poland (CIF) - 2023

The average cocoa; paste, not defatted import price stood at $4,555 per ton in June 2023, growing by 7.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 10% month-to-month. Over the period under review, average import prices attained the maximum in June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($5,004 per ton), while the price for Estonia ($3,215 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Paste, Not Defatted in Poland (FOB) - 2023

In June 2023, the average cocoa; paste, not defatted export price amounted to $4,646 per ton, with an increase of 5.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in December 2022 an increase of 12% month-to-month. Over the period under review, the average export prices attained the maximum in June 2023.

Average prices varied noticeably for the major foreign markets. In June 2023, the countries with the highest prices were Germany ($4,778 per ton) and France ($4,681 per ton), while the average price for exports to Hungary ($4,050 per ton) and North Macedonia ($4,109 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa; Paste, Not Defatted in Poland

In 2022, cocoa; paste, not defatted imports into Poland reached 51K tons, with an increase of 7.9% against 2021. Overall, imports saw a mild expansion. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of 56K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cocoa; paste, not defatted imports expanded sharply to $184M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. As a result, imports reached the peak of $206M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cocoa; Paste, Not Defatted in Poland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ghana39.252.843.452.710.4%
Netherlands52.356.441.239.4-9.0%
Germany25.525.730.231.16.8%
Cote d'Ivoire24.631.523.819.2-7.9%
France9.823.719.817.721.8%
Belgium3.83.42.314.054.4%
United Kingdom0.36.35.85.2158.8%
Slovakia3.14.44.33.65.1%
Others3.91.92.11.1-34.4%
Total1632061731844.1%

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

  1. Ghana (15.5K tons)
  2. Netherlands (11.0K tons)
  3. Germany (8.2K tons)
  4. Cote d'Ivoire (5.7K tons)
  5. France (4.4K tons)
  6. Belgium (3.4K tons)
  7. United Kingdom (1.3K tons)
  8. Slovakia (0.9K tons)

Exports of Cocoa; Paste, Not Defatted in Poland

In 2022, exports of cocoa; paste, not defatteds from Poland was estimated at 16K tons, with an increase of 6.2% against the year before. The total export volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cocoa; paste, not defatted exports rose modestly to $60M in 2022. The total export value increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Cocoa; Paste, Not Defatted in Poland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France31.336.638.531.90.6%
Italy0.1N/A1.78.5339.7%
Germany4.75.95.25.12.8%
Slovakia0.1N/AN/A3.3220.8%
LithuaniaN/AN/A0.12.82700.0%
Ukraine1.01.12.81.821.6%
Serbia0.60.93.01.741.5%
Bulgaria1.31.21.11.30.0%
Croatia1.00.91.30.9-3.5%
BelarusN/A3.83.2N/A-15.8%
Others0.71.02.23.164.2%
Total40.851.559.160.313.9%

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

  1. France (7.5K tons)
  2. Italy (2.4K tons)
  3. Germany (1.3K tons)
  4. Slovakia (1.0K tons)
  5. Lithuania (0.8K tons)
  6. Bulgaria (0.8K tons)
  7. Ukraine (0.5K tons)
  8. Serbia (0.5K tons)
  9. Croatia (0.2K tons)

Source: IndexBox Market Intelligence Platform

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