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

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Iraq (CIF) - 2022
  2. Imports of Cocoa; Paste; Whether or Not Defatted in Iraq

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

The average import price for cocoa; paste; whether or not defatteds stood at $4,844 per ton in 2022, jumping by 18% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cocoa; paste; whether or not defatteds increased by +24.6% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 61%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($4,952 per ton), while the price for Turkey ($3,869 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Imports of cocoa; paste; whether or not defatteds into Iraq surged to 25 tons in 2022, growing by 89% on 2021 figures. Overall, imports showed a significant increase. 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 soared to $114K in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/AN/A1040%
Netherlands35.125.021.37.7-39.7%
Turkey11.512.519.62.7-38.3%
SpainN/AN/A7.0N/A0%
MalaysiaN/A50.3N/AN/A0%
MoldovaN/AN/A6.1N/A0%
OthersN/AN/AN/AN/A0%
Total46.687.853.911434.7%

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

  1. United Arab Emirates (22.7 tons)
  2. Netherlands (1.6 tons)
  3. Turkey (0.7 tons)

Source: IndexBox Market Intelligence Platform

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