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

Contents:

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

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

The average import price for cocoa; paste; whether or not defatteds stood at $6,323 per ton in 2022, surging by 67% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cocoa; paste; whether or not defatteds increased by +132.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +45.3% per year.

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

The average export price for cocoa; paste; whether or not defatteds stood at $4,294 per ton in 2022, rising by 20% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cocoa; paste; whether or not defatteds increased by +88.7% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 57% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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 +1.9% per year.

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

After three years of growth, overseas purchases of cocoa; paste; whether or not defatteds decreased by -69.7% to 7.7 tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 181%. As a result, imports attained the peak of 25 tons, and then fell notably in the following year.

In value terms, imports of cocoa; paste; whether or not defatteds dropped markedly to $48K in 2022. Over the period under review, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 291% against the previous year. As a result, imports reached the peak of $96K, and then fell remarkably in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia28.116.538.548.520.0%
United Arab Emirates0.27.913.5N/A721.6%
South AfricaN/AN/A13.1N/A0%
Italy0.20.10.1N/A-29.3%
OthersN/AN/A30.4N/A0%
Total28.524.495.748.519.4%

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

  1. Malaysia (7.7 tons)

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

For the fourth consecutive year, Tanzania recorded growth in overseas shipments of cocoa; paste; whether or not defatteds, which increased by 46% to 61 tons in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 400% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $263K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 415% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Export of Cocoa; Paste; Whether or Not Defatted in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.136.625.3263233.3%
MalaysiaN/AN/A61.5N/A0%
OthersN/AN/A63.20.3-99.5%
Total7.136.6150263233.3%

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

  1. United States (61.3 tons)

Source: IndexBox Market Intelligence Platform

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