Price for Cocoa; Paste, Not Defatted in Venezuela - 2022
Contents:
- Price for Cocoa; Paste, Not Defatted in Venezuela (FOB) - 2022
- Price for Cocoa; Paste, Not Defatted in Venezuela (CIF) - 2022
- Exports of Cocoa; Paste, Not Defatted in Venezuela
- Imports of Cocoa; Paste, Not Defatted in Venezuela
Price for Cocoa; Paste, Not Defatted in Venezuela (FOB) - 2022
The average cocoa; paste, not defatted export price stood at $3,829 per ton in 2022, surging by 59% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2018 an increase of 88%. As a result, the export price attained the peak level of $6,527 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($6,596 per ton), while the average price for exports to Spain ($2,225 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+30.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cocoa; Paste, Not Defatted in Venezuela (CIF) - 2022
In 2022, the average cocoa; paste, not defatted import price amounted to $2,429 per ton, dropping by -2.1% against the previous year. Overall, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2013 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $4,350 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Dominican Republic ($12,250 per ton), while the price for Ecuador ($2,237 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+11.3%), while the prices for the other major suppliers experienced a decline.
Exports of Cocoa; Paste, Not Defatted in Venezuela
In 2022, exports of cocoa; paste, not defatteds from Venezuela skyrocketed to 371 tons, jumping by 1,687% on the year before. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cocoa; paste, not defatted exports surged to $1.4M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cocoa; Paste, Not Defatted in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 8.2 | 28.2 | 33.4 | 1,151 | 419.7% |
| Cyprus | N/A | N/A | N/A | 118 | 0% |
| Spain | 108 | 61.4 | 9.9 | 66.2 | -15.1% |
| Netherlands | 17.5 | 3.5 | 2.3 | 38.4 | 29.9% |
| Poland | 0.4 | 135 | N/A | N/A | 33650.0% |
| Belarus | 94.6 | 165 | N/A | N/A | 74.4% |
| Ukraine | N/A | 52.5 | N/A | N/A | 0% |
| Others | 38.1 | 5.7 | 4.4 | 45.7 | 6.3% |
| Total | 267 | 452 | 50.0 | 1,419 | 74.5% |
Top Export Markets for Cocoa; Paste, Not Defatted from Venezuela in 2022:
- Canada (303.5 tons)
- Spain (29.8 tons)
- Cyprus (17.9 tons)
- Netherlands (9.2 tons)
Imports of Cocoa; Paste, Not Defatted in Venezuela
In 2022, purchases abroad of cocoa; paste, not defatteds decreased by -14.6% to 6.3 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 100% against the previous year. As a result, imports attained the peak of 8.6 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cocoa; paste, not defatted imports dropped sharply to $15K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 100%. As a result, imports reached the peak of $22K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cocoa; Paste, Not Defatted in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 6.6 | 11.9 | 12.0 | 10.4 | 16.4% |
| Ecuador | 4.3 | 6.9 | 6.2 | 4.8 | 3.7% |
| Italy | N/A | 3.0 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 11.0 | 21.9 | 18.3 | 15.3 | 11.6% |
Top Suppliers of Cocoa; Paste, Not Defatted to Venezuela in 2022:
- Peru (4.2 tons)
- Ecuador (2.1 tons)
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This report provides an in-depth analysis of the cocoa paste market in Venezuela.
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This report provides an in-depth analysis of the cocoa paste market in Venezuela.
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This report provides an in-depth analysis of the global cocoa paste market.
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