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

Contents:

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

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

The average import price for cocoa; paste; whether or not defatteds stood at $7,111 per ton in 2022, rising by 7.9% against the previous year. In general, the import price showed a perceptible increase. The growth pace was the most rapid in 2016 when the average import price increased by 9.4% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cote d'Ivoire ($7,386 per ton), while the price for the United States stood at $1,415 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-3.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $5,333 per ton, rising by 1.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 when the average export price increased by 12% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.0% per year.

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

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Mexico skyrocketed to 7K tons, rising by 890% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of cocoa; paste; whether or not defatteds soared to $50M in 2022. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire37.5N/A4.449.29.5%
United States0.3N/A0.20.518.6%
Ghana1.8N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total39.6N/A4.749.77.9%

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

  1. Cote d'Ivoire (6.7K tons)
  2. United States (0.3K tons)

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

In 2022, approx. 642 tons of cocoa; paste; whether or not defatteds were exported from Mexico; increasing by 144% against 2021 figures. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 4,202% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cocoa; paste; whether or not defatteds surged to $3.4M in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 4,280%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/A1.71.43.441.4%
OthersN/AN/AN/AN/A0%
TotalN/A1.71.43.441.4%

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

  1. United States (641.8 tons)

Source: IndexBox Market Intelligence Platform

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