Price for Cocoa; Paste; Whether or Not Defatted in Argentina - 2023

Contents:

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

Price for Cocoa; Paste; Whether or Not Defatted in Argentina (CIF) - 2022

In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $4,106 per ton, with an increase of 4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $4,635 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Colombia ($4,909 per ton) and Italy ($4,696 per ton), while the price for Ecuador ($3,789 per ton) and Mexico ($4,013 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Paste; Whether or Not Defatted in Argentina (FOB) - 2022

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $6,762 per ton, waning by -4.8% against the previous year. Overall, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices attained the peak figure at $7,101 per ton in 2021, and then declined modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From 2012 to 2022, the rate of growth in terms of prices for Uruguay amounted to -2.2% per year.

Imports of Cocoa; Paste; Whether or Not Defatted in Argentina

After three years of growth, purchases abroad of cocoa; paste; whether or not defatteds decreased by -2.7% to 9.5K tons in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of 9.8K tons, and then reduced modestly in the following year.

In value terms, imports of cocoa; paste; whether or not defatteds stood at $39M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Argentina (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil14.815.818.921.914.0%
Ecuador3.76.38.19.637.4%
Peru1.01.73.64.565.1%
Italy1.20.91.51.814.5%
Mexico0.90.60.50.6-12.6%
Colombia1.20.50.70.5-25.3%
Others2.72.65.20.2-58.0%
Total25.428.438.739.215.6%

Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Argentina in 2022:

  1. Brazil (5.3K tons)
  2. Ecuador (2.5K tons)
  3. Peru (1.0K tons)
  4. Italy (0.4K tons)
  5. Colombia (0.1K tons)
  6. Mexico (0.1K tons)

Exports of Cocoa; Paste; Whether or Not Defatted in Argentina

In 2022, exports of cocoa; paste; whether or not defatteds from Argentina soared to 2.4 tons, increasing by 39% against the previous year's figure. Over the period under review, exports, however, saw a precipitous slump. The growth pace was the most rapid in 2020 when exports increased by 198%. As a result, the exports reached the peak of 19 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cocoa; paste; whether or not defatteds surged to $16K in 2022. Overall, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 370% against the previous year. As a result, the exports reached the peak of $88K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Cocoa; Paste; Whether or Not Defatted in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uruguay4.213.612.415.855.5%
Panama14.5N/AN/AN/A0%
PhilippinesN/A74.0N/AN/A0%
OthersN/A0.2N/A0.787.1%
Total18.787.712.416.4-4.3%

Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Argentina in 2022:

  1. Uruguay (2.4 tons)

Source: IndexBox Market Intelligence Platform

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