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

Contents:

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

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

The average import price for cocoa; paste; whether or not defatteds stood at $4,673 per ton in 2022, jumping by 20% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 an increase of 39% against the previous year. As a result, import price attained the peak level of $5,194 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($5,406 per ton), while the price for Italy ($3,824 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of cocoa; paste; whether or not defatteds, when their volume increased by 28% to 16 tons. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cocoa; paste; whether or not defatteds surged to $75K in 2022. In general, imports, however, continue to indicate a mild setback.

Import of Cocoa; Paste; Whether or Not Defatted in Libya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy23.924.524.637.316.0%
Netherlands53.438.323.729.9-17.6%
Others0.40.30.37.7168.0%
Total77.863.248.674.9-1.3%

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

  1. Italy (9.8 tons)
  2. Netherlands (6.2 tons)

Source: IndexBox Market Intelligence Platform

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