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

Contents:

  1. Price for Cocoa; Paste, Not Defatted in Uganda (FOB) - 2022
  2. Price for Cocoa; Paste, Not Defatted in Uganda (CIF) - 2022
  3. Exports of Cocoa; Paste, Not Defatted in Uganda
  4. Imports of Cocoa; Paste, Not Defatted in Uganda

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

In 2022, the average cocoa; paste, not defatted export price amounted to $2,873 per ton, remaining stable against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 an increase of 19%. As a result, the export price reached the peak level of $4,187 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,922 per ton), while the average price for exports to the Netherlands stood at $2,025 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.9%).

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

The average cocoa; paste, not defatted import price stood at $4,252 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 import price decreased by -24.1% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $5,600 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,360 per ton), while the price for the United Arab Emirates totaled $4,123 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.9%).

Exports of Cocoa; Paste, Not Defatted in Uganda

In 2022, shipments abroad of cocoa; paste, not defatteds decreased by -16.6% to 20 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a slight decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 14% against the previous year. As a result, the exports reached the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa; paste, not defatted exports contracted remarkably to $58K in 2022. Overall, exports saw a abrupt decrease. The smallest decline of -4.8% was in 2021.

Export of Cocoa; Paste, Not Defatted in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States60.069.966.155.3-2.7%
Netherlands1.21.82.12.222.4%
Saudi Arabia15.4N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total76.771.768.257.5-9.2%

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

  1. United States (18.9 tons)
  2. Netherlands (1.1 tons)

Imports of Cocoa; Paste, Not Defatted in Uganda

For the fourth consecutive year, Uganda recorded growth in supplies from abroad of cocoa; paste, not defatteds, which increased by 0.4% to 250 kg in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 200%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cocoa; paste, not defatted imports reached $1.1K in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 139% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Cocoa; Paste, Not Defatted in Uganda (USD)
COUNTRY2019202020212022CAGR,
2019-2022
India13638853859363.4%
United Arab Emirates94.028150847071.0%
Others50.0N/A12.0N/A-51.0%
Total2806691,0581,06356.0%

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

  1. India (136.0 kg)
  2. United Arab Emirates (114.0 kg)

Source: IndexBox Market Intelligence Platform

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