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

Contents:

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

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

In September 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $5,853 per ton, picking up by 14% against the previous month. In general, import price indicated perceptible growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for cocoa; paste; whether or not defatteds increased by +45.1% against May 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Bulgaria ($6,381 per ton), while the price for Greece ($4,131 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $4,289 per ton, with a decrease of -3% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 35% against the previous year. The export price peaked at $4,730 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($4,337 per ton), while the average price for exports to Hungary stood at $2,946 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Romania fell markedly to 430 tons, waning by -16.1% on the previous year. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year.

In value terms, imports of cocoa; paste; whether or not defatteds declined sharply to $1.6M in 2022. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of $2.2M, and then dropped notably in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1,2121,3681,6191,2270.4%
France3.20.686.6206300.8%
Bulgaria98.950.279.648.9-20.9%
Poland18111819526.6-47.2%
Greece26037.268.95.6-72.2%
Others20114815086.2-24.6%
Total1,9561,7222,2001,600-6.5%

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

  1. Netherlands (333.5 tons)
  2. France (56.6 tons)
  3. Bulgaria (12.7 tons)
  4. Poland (6.2 tons)
  5. Greece (1.4 tons)

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

In 2022, overseas shipments of cocoa; paste; whether or not defatteds increased by 21% to 19 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic setback.

In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $82K in 2022. In general, exports, however, faced a sharp decrease.

Export of Cocoa; Paste; Whether or Not Defatted in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Moldova46.348.565.379.019.5%
HungaryN/A0.42.31.593.6%
United KingdomN/A15.2N/A0.9-75.7%
Bulgaria93.1N/AN/AN/A0%
Latvia7.0N/AN/AN/A0%
Poland14.10.5N/AN/A-96.5%
Others1.11.72.90.8-10.1%
Total16166.370.482.3-20.0%

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

  1. Moldova (18.2 tons)
  2. Hungary (0.5 tons)
  3. United Kingdom (0.2 tons)

Source: IndexBox Market Intelligence Platform

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