Price for Cocoa; Paste; Whether or Not Defatted in Uruguay - 2022
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Uruguay (CIF) - 2022
- Price for Cocoa; Paste; Whether or Not Defatted in Uruguay (FOB) - 2022
- Imports of Cocoa; Paste; Whether or Not Defatted in Uruguay
- Exports of Cocoa; Paste; Whether or Not Defatted in Uruguay
Price for Cocoa; Paste; Whether or Not Defatted in Uruguay (CIF) - 2022
In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $2,012 per ton, increasing by 37% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The import price peaked at $2,805 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($4,542 per ton), while the price for the UK ($594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste; Whether or Not Defatted in Uruguay (FOB) - 2022
The average export price for cocoa; paste; whether or not defatteds stood at $1,594 per ton in 2022, rising by 1.6% against the previous year. In general, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 24% against the previous year. The export price peaked at $3,600 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($5,687 per ton), while the average price for exports to Brazil totaled $1,476 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+5.5%), while the prices for the other major destinations experienced a decline.
Imports of Cocoa; Paste; Whether or Not Defatted in Uruguay
After three years of growth, purchases abroad of cocoa; paste; whether or not defatteds decreased by -28.6% to 7.2K tons in 2022. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year.
In value terms, imports of cocoa; paste; whether or not defatteds dropped slightly to $15M in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 85%. As a result, imports reached the peak of $15M, and then fell modestly in the following year.
| Import of Cocoa; Paste; Whether or Not Defatted in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 177 | 229 | 884 | 3,724 | 176.1% |
| Cote d'Ivoire | 317 | 1,081 | 3,405 | 3,597 | 124.7% |
| Cameroon | N/A | 30.7 | N/A | 2,914 | 874.3% |
| Netherlands | 43.7 | 424 | 915 | 1,117 | 194.6% |
| Ghana | 8.9 | 5.8 | 6.9 | 885 | 363.3% |
| Nigeria | 906 | 998 | 1,016 | 558 | -14.9% |
| United Kingdom | 41.3 | 309 | 451 | 304 | 94.5% |
| Brazil | 940 | 1,246 | 1,341 | 159 | -44.7% |
| Indonesia | 1,181 | 425 | 1,527 | 117 | -53.7% |
| Ecuador | 144 | 106 | 145 | 82.9 | -16.8% |
| China | 225 | 1,014 | 1,370 | 60.2 | -35.6% |
| Others | 937 | 2,213 | 3,884 | 1,056 | 4.1% |
| Total | 4,923 | 8,082 | 14,946 | 14,573 | 43.6% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Uruguay in 2022:
- Cote d'Ivoire (2054.3 tons)
- Peru (1297.3 tons)
- Cameroon (1244.2 tons)
- Netherlands (969.8 tons)
- United Kingdom (511.1 tons)
- Ghana (363.0 tons)
- Nigeria (244.0 tons)
- Ecuador (100.5 tons)
- Indonesia (40.0 tons)
- China (40.0 tons)
- Brazil (34.9 tons)
Exports of Cocoa; Paste; Whether or Not Defatted in Uruguay
In 2022, exports of cocoa; paste; whether or not defatteds from Uruguay skyrocketed to 53 tons, growing by 45% compared with 2021 figures. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 83% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cocoa; paste; whether or not defatteds soared to $85K in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 92% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Cocoa; Paste; Whether or Not Defatted in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 24.1 | 15.6 | 57.6 | 76.6 | 47.0% |
| Argentina | N/A | N/A | N/A | 8.5 | 0% |
| Russia | N/A | 14.4 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 24.1 | 30.0 | 57.6 | 85.1 | 52.3% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Uruguay in 2022:
- Brazil (51.9 tons)
- Argentina (1.5 tons)
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