Price for Cocoa; Paste, Wholly or Partly Defatted in Argentina - 2023

Price for Cocoa; Paste, Wholly or Partly Defatted in Argentina (CIF) - 2022

The average import price for cocoa; paste, wholly or partly defatted stood at $3,205 per ton in 2022, rising by 19% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the maximum at $4,378 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($3,252 per ton), while the price for Ecuador amounted to $3,157 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-2.2%).

Price for Cocoa; Paste, Wholly or Partly Defatted in Argentina (FOB) - 2022

In 2022, the average export price for cocoa; paste, wholly or partly defatted amounted to $6,861 per ton, declining by -3.4% against the previous year. In general, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. The export price peaked at $8,922 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From 2012 to 2022, the rate of growth in terms of prices for Uruguay amounted to -2.9% per year.

Imports of Cocoa; Paste, Wholly or Partly Defatted in Argentina

In 2022, supplies from abroad of cocoa; paste, wholly or partly defatted decreased by -20.1% to 104 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of 182 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cocoa; paste, wholly or partly defatted fell to $333K in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. As a result, imports attained the peak of $382K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cocoa; Paste, Wholly or Partly Defatted in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	N/A	N/A	N/A	169	0%
Ecuador	109	178	144	164	14.6%
Brazil	158	202	202	N/A	13.1%
Others	2.1	2.1	5.3	N/A	58.9%
Total	269	382	352	333	7.4%

Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Argentina in 2022:

Ecuador (52.0 tons)
Peru (52.0 tons)

Exports of Cocoa; Paste, Wholly or Partly Defatted in Argentina

After three years of growth, shipments abroad of cocoa; paste, wholly or partly defatted decreased by -13.6% to 1.5 tons in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 77%.

In value terms, exports of cocoa; paste, wholly or partly defatted declined remarkably to $10K in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 98%.