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

Contents:

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

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

The average import price for cocoa; paste; whether or not defatteds stood at $3,494 per ton in 2022, dropping by -2% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2014 when the average import price increased by 22% against the previous year. The import price peaked at $4,614 per ton in 2012; however, from 2013 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 countries with the highest prices were the Netherlands ($3,706 per ton) and Germany ($3,706 per ton), while the price for Ghana ($3,462 per ton) and Cote d'Ivoire ($3,470 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-2.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cocoa; paste; whether or not defatteds stood at $3,076 per ton in 2022, reducing by -20.8% against the previous year. Over the period under review, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of 59% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,869 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($4,333 per ton), while the average price for exports to Sudan ($300 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 Libya (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Egypt dropped rapidly to 3.9K tons, shrinking by -29.9% on the year before. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of 5.5K tons, and then dropped markedly in the following year.

In value terms, imports of cocoa; paste; whether or not defatteds dropped significantly to $13M in 2022. Overall, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports reached the peak of $20M, and then dropped sharply in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire0.60.93.87.0126.8%
Ghana8.77.911.64.9-17.4%
Netherlands3.01.81.00.7-38.4%
Germany0.10.10.30.571.0%
Spain0.50.20.40.1-41.5%
Saudi ArabiaN/A0.5N/AN/A0%
Others1.30.92.60.3-38.7%
Total14.012.419.613.5-1.2%

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

  1. Cote d'Ivoire (2016.9 tons)
  2. Ghana (1407.0 tons)
  3. Netherlands (181.3 tons)
  4. Germany (135.6 tons)
  5. Spain (28.9 tons)

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

For the fourth year in a row, Egypt recorded growth in overseas shipments of cocoa; paste; whether or not defatteds, which increased by 0.9% to 225 kg in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cocoa; paste; whether or not defatteds contracted notably to $692 in 2022. In general, exports, however, faced a deep slump. The smallest decline of -10.4% was in 2021.

Export of Cocoa; Paste; Whether or Not Defatted in Egypt (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kenya794690422407-20.0%
Netherlands14917322423416.2%
Yemen10381.045.039.0-27.7%
Sudan19.011.05.03.0-46.0%
Libya2.01.01.01.0-20.6%
VenezuelaN/AN/A132N/A0%
Saudi ArabiaN/AN/A15.0N/A0%
Others14.011.022.08.0-17.0%
Total1,081967866692-13.8%

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

  1. Kenya (135.0 kg)
  2. Netherlands (64.0 kg)
  3. Sudan (10.0 kg)
  4. Yemen (9.0 kg)
  5. Libya (2.0 kg)

Source: IndexBox Market Intelligence Platform

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