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

Contents:

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

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

In October 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $4,482 per ton, remaining constant against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.7%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 7.4% month-to-month. Over the period under review, average import prices attained the maximum at $4,497 per ton in September 2023, and then declined in the following month.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Cameroon ($4,637 per ton), while the price for Cote d'Ivoire stood at $4,447 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Paste; Whether or Not Defatted in France (FOB) - 2023

In October 2023, the average export price for cocoa; paste; whether or not defatteds amounted to $5,546 per ton, picking up by 2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.1%. The growth pace was the most rapid in September 2023 when the average export price increased by 12% month-to-month. The export price peaked in October 2023.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Ukraine ($7,401 per ton), while the average price for exports to Iceland ($4,353 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of cocoa; paste; whether or not defatteds into France stood at 75K tons in 2022, standing approx. at 2021. In general, imports, however, showed a pronounced setback. The growth pace was the most rapid in 2020 when imports increased by 33%. As a result, imports reached the peak of 115K 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 reduced to $256M in 2022. Overall, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports attained the peak of $322M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cocoa; Paste; Whether or Not Defatted in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire1131561211335.6%
Netherlands46.835.637.634.3-9.8%
Poland27.432.734.227.2-0.2%
Cameroon21.121.323.622.82.6%
Germany15.617.519.611.4-9.9%
Ghana29.830.820.910.1-30.3%
Spain9.216.87.76.5-10.9%
Belgium14.89.62.42.7-43.3%
Others4.81.88.17.516.0%
Total283322275256-3.3%

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

  1. Cote d'Ivoire (40.2K tons)
  2. Netherlands (10.6K tons)
  3. Cameroon (7.3K tons)
  4. Poland (7.0K tons)
  5. Germany (3.2K tons)
  6. Ghana (3.1K tons)
  7. Spain (1.9K tons)
  8. Belgium (0.5K tons)

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

In 2022, overseas shipments of cocoa; paste; whether or not defatteds were finally on the rise to reach 46K tons after two years of decline. Overall, exports, however, saw a pronounced slump.

In value terms, exports of cocoa; paste; whether or not defatteds rose slightly to $181M in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 2.4% against the previous year. As a result, the exports reached the peak of $189M. 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 France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany49.649.422.841.6-5.7%
Belgium42.839.038.934.7-6.8%
Poland13.918.722.518.510.0%
Italy11.49.016.515.09.6%
Netherlands16.026.614.914.3-3.7%
Switzerland14.013.114.612.4-4.0%
Spain4.81.34.77.717.1%
Russia1.10.12.26.984.4%
Croatia8.49.67.66.6-7.7%
United Kingdom14.411.211.46.0-25.3%
Finland3.33.54.23.52.0%
DenmarkN/AN/A0.12.92800.0%
Bulgaria0.80.73.82.851.8%
Others3.96.412.88.027.1%
Total184189177181-0.5%

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

  1. Germany (10.3K tons)
  2. Belgium (8.4K tons)
  3. Poland (4.9K tons)
  4. Italy (3.9K tons)
  5. Netherlands (3.7K tons)
  6. Switzerland (3.2K tons)
  7. Spain (2.1K tons)
  8. Croatia (2.0K tons)
  9. Russia (1.7K tons)
  10. United Kingdom (1.5K tons)
  11. Finland (1.0K tons)
  12. Denmark (0.8K tons)
  13. Bulgaria (0.7K tons)

Source: IndexBox Market Intelligence Platform

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