Price for Cocoa; Paste; Whether or Not Defatted in the Czech Republic - 2023

Contents:

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

Price for Cocoa; Paste; Whether or Not Defatted in the Czech Republic (CIF) - 2023

In October 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $5,862 per ton, surging by 11% against the previous month. In general, import price indicated a strong increase from October 2022 to October 2023: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cocoa; paste; whether or not defatteds decreased by -0.8% against August 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 21% m-o-m. As a result, import price reached the peak level of $5,909 per ton; afterwards, it flattened through to October 2023.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($5,914 per ton), while the price for Germany stood at $5,840 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.4%).

Price for Cocoa; Paste; Whether or Not Defatted in the Czech Republic (FOB) - 2022

The average export price for cocoa; paste; whether or not defatteds stood at $4,777 per ton in 2022, with a decrease of -50.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 197%. As a result, the export price reached the peak level of $20,394 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($13,553 per ton), while the average price for exports to the Netherlands stood at $4,590 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+3.4%).

Imports of Cocoa; Paste; Whether or Not Defatted in the Czech Republic

In 2022, overseas purchases of cocoa; paste; whether or not defatteds decreased by -4% to 5.6K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 13%. As a result, imports attained the peak of 6.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cocoa; paste; whether or not defatteds dropped to $20M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 17%.

Import of Cocoa; Paste; Whether or Not Defatted in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany10.815.513.714.09.0%
Netherlands7.56.08.95.4-10.4%
Others0.40.30.40.40.0%
Total18.721.823.019.92.1%

Top Suppliers of Cocoa; Paste; Whether or Not Defatted to the Czech Republic in 2022:

  1. Germany (4.0K tons)
  2. Netherlands (1.5K tons)

Exports of Cocoa; Paste; Whether or Not Defatted in the Czech Republic

In 2022, exports of cocoa; paste; whether or not defatteds from the Czech Republic surged to 19 tons, with an increase of 2,562% compared with 2021 figures. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cocoa; paste; whether or not defatteds soared to $92K in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands0.2N/AN/A86.7656.8%
Slovakia6.281.96.64.9-7.5%
Others2.20.10.40.5-39.0%
Total8.682.17.092.2120.5%

Top Export Markets for Cocoa; Paste; Whether or Not Defatted from the Czech Republic in 2022:

  1. Netherlands (18.9 tons)
  2. Slovakia (0.4 tons)

Source: IndexBox Market Intelligence Platform

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