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

Contents:

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

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

In October 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $5,522 per ton, picking up by 12% against the previous month. Overall, import price indicated noticeable growth from October 2022 to October 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cocoa; paste; whether or not defatteds increased by +86.8% against March 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 40% against the previous month. The import price peaked in October 2023.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Slovakia ($5,758 per ton) and the Netherlands ($4,904 per ton), while the price for Poland ($4,167 per ton) and Spain ($4,426 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $1,529 per ton, surging by 50% against the previous year. Overall, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $4,935 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($3,336 per ton), while the average price for exports to Indonesia ($1,043 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+181.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 1.4K tons of cocoa; paste; whether or not defatteds were imported into Lithuania; picking up by 6.7% against the year before. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 323% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of cocoa; paste; whether or not defatteds shrank to $5.1M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 398%. As a result, imports attained the peak of $5.4M, and then fell modestly in the following year.

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

1. Slovakia (566.9 tons)
2. Netherlands (425.6 tons)
3. Belgium (140.0 tons)
4. Poland (110.0 tons)
5. Estonia (60.5 tons)
6. Spain (58.4 tons)

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

In 2022, overseas shipments of cocoa; paste; whether or not defatteds decreased by -10.3% to 897 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 6,945% against the previous year.

In value terms, exports of cocoa; paste; whether or not defatteds soared to $1.4M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,499% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Spain (331.1 tons)
2. Serbia (209.9 tons)
3. Indonesia (99.2 tons)
4. Poland (90.8 tons)
5. Belarus (60.0 tons)
6. Estonia (54.7 tons)
7. Netherlands (46.5 tons)
8. Germany (2.4 tons)

Source: IndexBox Market Intelligence Platform