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

Contents:

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

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

The average export price for cocoa; paste; whether or not defatteds stood at $3,851 per ton in 2022, falling by -3.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 29%. Over the period under review, the average export prices reached the maximum at $4,417 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($3,851 per ton), while the average price for exports to Australia amounted to $3,851 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.8%).

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

The average import price for cocoa; paste; whether or not defatteds stood at $3,695 per ton in 2022, reducing by -2.6% against the previous year. In general, the import price saw a slight decrease. The pace of growth was the most pronounced in 2015 an increase of 18% against the previous year. As a result, import price attained the peak level of $4,316 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($3,715 per ton) and Malaysia ($3,715 per ton), while the price for France ($2,581 per ton) and Singapore ($3,715 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

For the fourth consecutive year, Vietnam recorded growth in shipments abroad of cocoa; paste; whether or not defatteds, which increased by 8.8% to 1K tons in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 211%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of cocoa; paste; whether or not defatteds rose significantly to $3.9M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 232%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium0.72.63.43.875.7%
Others0.1N/A0.30.10.0%
Total0.82.63.73.969.6%

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

  1. Belgium (990.7 tons)

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

In 2022, after two years of decline, there was significant growth in purchases abroad of cocoa; paste; whether or not defatteds, when their volume increased by 82% to 641 tons. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cocoa; paste; whether or not defatteds soared to $2.4M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1,1317452951,028-3.1%
Singapore14392.843476074.5%
Netherlands18523825131919.9%
Indonesia91.025026021132.4%
FranceN/A65.462.829.9-32.4%
United States86.046.228.220.8-37.7%
OthersN/A0.53.5N/A600.0%
Total1,6361,4381,3342,36913.1%

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

  1. Malaysia (276.6 tons)
  2. Singapore (204.4 tons)
  3. Netherlands (85.9 tons)
  4. Indonesia (56.9 tons)
  5. France (11.6 tons)
  6. United States (5.6 tons)

Source: IndexBox Market Intelligence Platform

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