Price for Cocoa; Paste; Whether or Not Defatted in Japan - 2023
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Japan (CIF) - 2023
- Price for Cocoa; Paste; Whether or Not Defatted in Japan (FOB) - 2023
- Imports of Cocoa; Paste; Whether or Not Defatted in Japan
- Exports of Cocoa; Paste; Whether or Not Defatted in Japan
Price for Cocoa; Paste; Whether or Not Defatted in Japan (CIF) - 2023
In November 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $5,548 per ton, surging by 9% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in September 2023 an increase of 15% month-to-month. Over the period under review, average import prices reached the peak figure in November 2023.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Indonesia ($6,010 per ton) and Malaysia ($5,951 per ton), while the price for Ghana ($4,638 per ton) and Ecuador ($4,784 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste; Whether or Not Defatted in Japan (FOB) - 2023
The average export price for cocoa; paste; whether or not defatteds stood at $4,741 per ton in November 2023, growing by 5% against the previous month. In general, the export price saw mild growth. The growth pace was the most rapid in December 2022 an increase of 150% m-o-m. As a result, the export price reached the peak level of $9,412 per ton. From January 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Taiwan (Chinese) ($9,343 per ton), while the average price for exports to China ($4,615 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.7%), while the prices for the other major destinations experienced a decline.
Imports of Cocoa; Paste; Whether or Not Defatted in Japan
Imports of cocoa; paste; whether or not defatteds into Japan reached 15K tons in 2022, with an increase of 5.9% against the previous year's figure. Overall, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
In value terms, imports of cocoa; paste; whether or not defatteds stood at $60M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Cocoa; Paste; Whether or Not Defatted in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 25.2 | 18.7 | 22.8 | 23.9 | -1.8% |
| Ghana | 16.1 | 12.3 | 16.0 | 16.7 | 1.2% |
| Ecuador | 5.6 | 6.2 | 6.1 | 5.8 | 1.2% |
| Cote d'Ivoire | 4.4 | 4.7 | 5.0 | 4.9 | 3.7% |
| Netherlands | 2.5 | 1.5 | 2.4 | 2.1 | -5.6% |
| Indonesia | 1.3 | 2.3 | 1.3 | 1.6 | 7.2% |
| Spain | 0.7 | 0.5 | 0.9 | 1.0 | 12.6% |
| Others | 1.9 | 2.4 | 4.1 | 3.5 | 22.6% |
| Total | 57.8 | 48.5 | 58.6 | 59.7 | 1.1% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Japan in 2022:
- Malaysia (5.8K tons)
- Ghana (4.9K tons)
- Ecuador (1.6K tons)
- Cote d'Ivoire (1.3K tons)
- Netherlands (0.5K tons)
- Indonesia (0.4K tons)
- Spain (0.3K tons)
Exports of Cocoa; Paste; Whether or Not Defatted in Japan
In 2022, the amount of cocoa; paste; whether or not defatteds exported from Japan soared to 349 tons, rising by 55% on the previous year's figure. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 91%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $1.5M in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 98%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Cocoa; Paste; Whether or Not Defatted in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 1.4 | 1.1 | 1.5 | 28.9% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.7 | 1.5 | 1.2 | 1.5 | 28.9% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Japan in 2022:
- China (343.6 tons)
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