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

Contents:

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

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

In October 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $5,638 per ton, increasing by 19% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.8%. 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 the UK amounted to +3.8% per month.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $2,401 per ton, shrinking by -42.6% against the previous year. Over the period under review, the export price, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2019 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs at $4,181 per ton in 2021, and then declined markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($5,283 per ton), while the average price for exports to Belgium stood at $2,382 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.6%).

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

In 2022, imports of cocoa; paste; whether or not defatteds into Ireland was estimated at 5.6K tons, growing by 3.7% compared with the previous year. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 197% against the previous year. As a result, imports reached the peak of 6.6K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cocoa; paste; whether or not defatteds shrank to $21M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 233% against the previous year. As a result, imports attained the peak of $27M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Cocoa; Paste; Whether or Not Defatted in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom6.226.722.920.849.7%
Cote d'Ivoire1.5N/AN/AN/A0%
Others0.40.40.10.2-20.6%
Total8.227.122.920.936.6%

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

  1. United Kingdom (5.6K tons)

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

In 2022, overseas shipments of cocoa; paste; whether or not defatteds increased by 118% to 54 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cocoa; paste; whether or not defatteds soared to $129K in 2022. In general, exports, however, continue to indicate a noticeable downturn.

Export of Cocoa; Paste; Whether or Not Defatted in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelgiumN/AN/AN/A1270%
United Kingdom1461051031.8-76.9%
Others0.4N/AN/AN/A0%
Total147105103129-4.3%

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

  1. Belgium (53.3 tons)
  2. United Kingdom (0.3 tons)

Source: IndexBox Market Intelligence Platform

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