Price for Cocoa; Paste; Whether or Not Defatted in Indonesia - 2022

Contents:

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

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

In March 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $3,302 per ton, growing by 27% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in May 2021 an increase of 32% m-o-m. The export price peaked in March 2022.

There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was China ($6,798 per ton), while the average price for exports to Singapore ($2,308 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In March 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $2,744 per ton, picking up by 4.5% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in September 2021 an increase of 19% month-to-month. The import price peaked at $2,865 per ton in December 2021; however, from January 2022 to March 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Ghana ($3,058 per ton) and Singapore ($2,852 per ton), while the price for Cote d'Ivoire ($2,216 per ton) and China ($2,270 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ghana (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of cocoa; paste; whether or not defatteds was finally on the rise to reach 61K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a pronounced slump.

In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $183M in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China30.734.051.248.116.1%
Malaysia65.830.140.730.7-22.4%
Spain6.923.520.224.753.0%
Singapore3.71.23.124.387.3%
United States16.117.37.423.813.9%
Brazil8.313.916.818.430.4%
Australia4.85.07.68.521.0%
Others5.812.310.74.8-6.1%
Total1421371581838.8%

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

  1. Malaysia (12.8K tons)
  2. Singapore (9.8K tons)
  3. United States (9.7K tons)
  4. Spain (9.1K tons)
  5. China (7.8K tons)
  6. Brazil (7.7K tons)
  7. Australia (2.2K tons)

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

Imports of cocoa; paste; whether or not defatteds into Indonesia surged to 18K tons in 2022, growing by 116% compared with the year before. In general, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cocoa; paste; whether or not defatteds skyrocketed to $49M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore1.92.93.216.9107.2%
Malaysia4.34.15.915.553.3%
Ghana2.21.74.47.047.1%
Cote d'Ivoire6.10.44.46.73.2%
China1.82.41.62.917.2%
Others1.90.10.60.6-31.9%
Total18.211.720.149.539.6%

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

  1. Singapore (6.0K tons)
  2. Malaysia (5.5K tons)
  3. Cote d'Ivoire (2.6K tons)
  4. Ghana (2.3K tons)
  5. China (1.2K tons)

Source: IndexBox Market Intelligence Platform

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