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

Contents:

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

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

The average import price for cocoa; paste; whether or not defatteds stood at $2,416 per ton in 2022, falling by -31.4% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The growth pace was the most rapid in 2016 when the average import price increased by 232%. The import price peaked at $4,501 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($2,543 per ton), while the price for Belgium totaled $1,803 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+522.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Imports of cocoa; paste; whether or not defatteds into Oman skyrocketed to 11 tons in 2022, increasing by 259% against the previous year's figure. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 618%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cocoa; paste; whether or not defatteds soared to $26K in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,551%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates1.6N/A0.921.8138.8%
Belgium1.70.12.03.527.2%
ChinaN/AN/A5.2N/A0%
LebanonN/A0.5N/AN/A0%
India0.5N/A1.4N/A67.3%
Others1.1N/A1.00.3-35.2%
Total4.80.610.425.674.7%

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

  1. United Arab Emirates (8.6 tons)
  2. Belgium (1.9 tons)

Source: IndexBox Market Intelligence Platform

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