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

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Finland (CIF) - 2023
  2. Price for Cocoa; Paste; Whether or Not Defatted in Finland (FOB) - 2022
  3. Imports of Cocoa; Paste; Whether or Not Defatted in Finland
  4. Exports of Cocoa; Paste; Whether or Not Defatted in Finland

Price for Cocoa; Paste; Whether or Not Defatted in Finland (CIF) - 2023

In October 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $78,693 per ton, with an increase of 1,523% against the previous month. In general, the import price enjoyed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +4.2% per month.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $3,530 per ton, shrinking by -55.5% against the previous year. In general, the export price, however, enjoyed a modest increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 302% against the previous year. Over the period under review, the average export prices reached the maximum at $21,482 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($8,000 per ton), while the average price for exports to Switzerland ($3,462 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-1.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Finland skyrocketed to 3.5K tons, jumping by 34% compared with the year before. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% 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 -14.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 44%. As a result, imports reached the peak of 4.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cocoa; paste; whether or not defatteds rose significantly to $12M in 2022. In general, imports, however, showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of $16M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Cocoa; Paste; Whether or Not Defatted in Finland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands7.211.17.18.55.7%
Germany3.84.53.73.2-5.6%
France2.10.1N/AN/A-95.2%
Others0.70.1N/AN/A-85.7%
Total13.915.710.811.7-5.6%

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

  1. Netherlands (2.7K tons)
  2. Germany (0.9K tons)

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

In 2022, the amount of cocoa; paste; whether or not defatteds exported from Finland soared to 2.2 tons, picking up by 3,025% against 2021. Overall, exports recorded a significant increase. 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 skyrocketed to $7.8K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Finland (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
South KoreaN/AN/A6.10%
SwitzerlandN/AN/A1.70%
Sweden1.2N/AN/A0%
OthersN/A0.5N/A0%
Total1.20.67.8155.0%

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

  1. South Korea (1721.0 kg)
  2. Switzerland (494.0 kg)

Source: IndexBox Market Intelligence Platform

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