Price for Cocoa; Paste, Not Defatted in Tanzania - 2022

Contents:

  1. Price for Cocoa; Paste, Not Defatted in Tanzania (FOB) - 2022
  2. Exports of Cocoa; Paste, Not Defatted in Tanzania

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

In 2022, the average cocoa; paste, not defatted export price amounted to $4,294 per ton, jumping by 33% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa; paste, not defatted export price increased by +102.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 57%. The export price peaked 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.9% per year.

Exports of Cocoa; Paste, Not Defatted in Tanzania

Cocoa; paste, not defatted exports from Tanzania surged to 61 tons in 2022, jumping by 35% on the previous year. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 327% against the previous year. 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 $263K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 387% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Cocoa; Paste, Not Defatted in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.630.242.7263225.9%
MalaysiaN/AN/A104N/A0%
OthersN/AN/A0.20.350.0%
Total7.630.2147263225.9%

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

  1. United States (61.3 tons)

Source: IndexBox Market Intelligence Platform

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