Price for Cocoa; Paste; Whether or Not Defatted in South Africa - 2023
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in South Africa (CIF) - 2023
- Price for Cocoa; Paste; Whether or Not Defatted in South Africa (FOB) - 2022
- Imports of Cocoa; Paste; Whether or Not Defatted in South Africa
- Exports of Cocoa; Paste; Whether or Not Defatted in South Africa
Price for Cocoa; Paste; Whether or Not Defatted in South Africa (CIF) - 2023
In December 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $4,124 per ton, reducing by -11.1% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 23% month-to-month. As a result, import price reached the peak level of $5,211 per ton. From September 2023 to December 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the countries with the highest prices were Cote d'Ivoire ($4,272 per ton) and the Netherlands ($4,200 per ton), while the price for Ghana ($3,847 per ton) and Malaysia ($3,886 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste; Whether or Not Defatted in South Africa (FOB) - 2022
In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $6,283 per ton, growing by 34% against the previous year. Over the period under review, the export price recorded strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($11,729 per ton), while the average price for exports to Ghana ($2,392 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 Mozambique (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste; Whether or Not Defatted in South Africa
After three years of growth, overseas purchases of cocoa; paste; whether or not defatteds decreased by -9.5% to 4.7K tons in 2022. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year.
In value terms, imports of cocoa; paste; whether or not defatteds contracted significantly to $17M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year.
| Import of Cocoa; Paste; Whether or Not Defatted in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 6.7 | 11.4 | 10.2 | 8.9 | 9.9% |
| Netherlands | 2.6 | 1.9 | 7.4 | 4.1 | 16.4% |
| Singapore | 0.5 | 1.2 | 1.5 | 1.6 | 47.4% |
| Ghana | 4.3 | 3.2 | 1.1 | 1.4 | -31.2% |
| Malaysia | 0.9 | 0.6 | 0.2 | 0.5 | -17.8% |
| Spain | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Others | 0.1 | 0.6 | 0.6 | 0.4 | 58.7% |
| Total | 15.2 | 19.1 | 21.3 | 17.4 | 4.6% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to South Africa in 2022:
- Cote d'Ivoire (2643.9 tons)
- Netherlands (950.1 tons)
- Ghana (428.0 tons)
- Singapore (381.6 tons)
- Spain (139.8 tons)
- Malaysia (124.6 tons)
Exports of Cocoa; Paste; Whether or Not Defatted in South Africa
In 2022, exports of cocoa; paste; whether or not defatteds from South Africa skyrocketed to 7.4 tons, picking up by 45% against 2021 figures. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of 136% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $47K in 2022. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2021 when exports increased by 198% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Cocoa; Paste; Whether or Not Defatted in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 0.2 | 2.3 | 0.5 | 25.4 | 402.7% |
| Swaziland | N/A | N/A | N/A | 12.3 | 0% |
| Botswana | 4.9 | 4.8 | 4.2 | 6.8 | 11.5% |
| Ghana | N/A | N/A | N/A | 1.3 | 0% |
| Zambia | 28.6 | N/A | N/A | 0.1 | -84.8% |
| Netherlands | N/A | N/A | 18.8 | N/A | 0% |
| Others | 1.8 | 0.9 | 0.5 | 0.7 | -27.0% |
| Total | 35.5 | 8.0 | 24.0 | 46.6 | 9.5% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from South Africa in 2022:
- Swaziland (4.0 tons)
- Mozambique (2.2 tons)
- Ghana (0.6 tons)
- Botswana (0.6 tons)
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This report provides an in-depth analysis of the cocoa paste market in South Africa.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in South Africa.
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This report provides an in-depth analysis of the global cocoa paste market.
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The most significant growth rate occurred in April 2023 with a month-to-month increase of 137% in imports. However, the value of cocoa paste imports saw a sharp decline to $713K in July 2023.
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Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
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In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
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In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
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In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1041
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
269
The most significant growth rate occurred in April 2023 with a month-to-month increase of 137% in imports. However, the value of cocoa paste imports saw a sharp decline to $713K in July 2023.
68
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1129
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
758
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
