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

Contents:

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

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

The average import price for cocoa; paste; whether or not defatteds stood at $4,862 per ton in October 2023, flattening at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in June 2023 an increase of 11% against the previous month. The import price peaked in October 2023.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Cote d'Ivoire ($4,897 per ton), while the price for Ghana ($4,021 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cocoa; paste; whether or not defatteds stood at $4,379 per ton in 2022, remaining constant against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 17% against the previous year. The export price peaked at $4,597 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($4,409 per ton), while the average price for exports to Bulgaria amounted to $4,381 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of cocoa; paste; whether or not defatteds into Ukraine shrank rapidly to 12K tons in 2022, declining by -20.1% against 2021 figures. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.3% against the previous year. As a result, imports reached the peak of 15K tons, and then plummeted in the following year.

In value terms, imports of cocoa; paste; whether or not defatteds reduced markedly to $42M in 2022. In general, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $54M, and then declined significantly in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire40.138.946.037.5-2.2%
Germany3.44.95.43.61.9%
Ghana1.51.00.80.2-48.9%
Others2.30.91.90.9-26.9%
Total47.445.854.142.3-3.7%

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

  1. Cote d'Ivoire (10.7K tons)
  2. Germany (0.9K tons)
  3. Ghana (0.1K tons)

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

In 2022, shipments abroad of cocoa; paste; whether or not defatteds decreased by -93.3% to 545 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a dramatic slump. The growth pace was the most rapid in 2020 when exports increased by 3.6% against the previous year. As a result, the exports reached the peak of 10K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cocoa; paste; whether or not defatteds declined remarkably to $2.4M in 2022. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 21%. As a result, the exports attained the peak of $42M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Cocoa; Paste; Whether or Not Defatted in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
BulgariaN/AN/A0.91.455.6%
Greece4.35.55.51.0-38.5%
Russia30.036.024.2N/A-10.2%
SwitzerlandN/AN/A4.8N/A0%
Others0.1N/A0.2N/A41.4%
Total34.441.635.62.4-58.8%

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

  1. Bulgaria (313.8 tons)
  2. Greece (227.9 tons)

Source: IndexBox Market Intelligence Platform

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