Price for Cocoa; Paste, Wholly or Partly Defatted in Costa Rica - 2022
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Costa Rica (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Costa Rica (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Costa Rica
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Costa Rica
Price for Cocoa; Paste, Wholly or Partly Defatted in Costa Rica (CIF) - 2022
The average import price for cocoa; paste, wholly or partly defatted stood at $2,718 per ton in 2022, rising by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure at $4,238 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($7,400 per ton), while the price for Colombia ($2,616 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa; Paste, Wholly or Partly Defatted in Costa Rica (FOB) - 2022
In 2022, the average export price for cocoa; paste, wholly or partly defatted amounted to $6,036 per ton, rising by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +9.9% per year.
Imports of Cocoa; Paste, Wholly or Partly Defatted in Costa Rica
Imports of cocoa; paste, wholly or partly defatted into Costa Rica surged to 351 tons in 2022, with an increase of 60% compared with 2021 figures. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cocoa; paste, wholly or partly defatted soared to $954K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 148 | 320 | 281 | 682 | 66.4% |
| Ecuador | 51.6 | 67.2 | 121 | 172 | 49.4% |
| Peru | 47.0 | 39.8 | 87.1 | 99.9 | 28.6% |
| Others | 12.8 | 7.0 | 3.4 | 1.0 | -57.3% |
| Total | 260 | 434 | 492 | 954 | 54.2% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Costa Rica in 2022:
- Colombia (260.5 tons)
- Ecuador (60.0 tons)
- Peru (30.4 tons)
Exports of Cocoa; Paste, Wholly or Partly Defatted in Costa Rica
For the third year in a row, Costa Rica recorded decline in overseas shipments of cocoa; paste, wholly or partly defatted, which decreased by -47.7% to 507 kg in 2022. Overall, exports saw a sharp decline. The smallest decline of -27.7% was in 2020.
In value terms, exports of cocoa; paste, wholly or partly defatted dropped significantly to $3.1K in 2022. In general, exports showed a precipitous curtailment. The smallest decline of -24.6% was in 2020.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 3.1 | 0% |
| Nicaragua | 9.5 | 7.1 | 5.4 | N/A | -24.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.5 | 7.1 | 5.4 | 3.1 | -31.2% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Costa Rica in 2022:
- United States (507.0 kg)
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