Price for Cocoa; Paste, Wholly or Partly Defatted in Ecuador - 2022
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Ecuador (FOB) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Ecuador (CIF) - 2022
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Ecuador
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Ecuador
Price for Cocoa; Paste, Wholly or Partly Defatted in Ecuador (FOB) - 2022
In 2022, the average export price for cocoa; paste, wholly or partly defatted amounted to $2,291 per ton, with a decrease of -3.5% against the previous year. Over the period under review, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs at $2,977 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 the United States ($12,598 per ton), while the average price for exports to Uruguay ($809 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa; Paste, Wholly or Partly Defatted in Ecuador (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $1,728 per ton, approximately equating the previous year. Overall, the import price, however, showed a mild slump. The growth pace was the most rapid in 2015 an increase of 127% against the previous year. Over the period under review, average import prices reached the peak figure at $6,112 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -1.3% per year.
Exports of Cocoa; Paste, Wholly or Partly Defatted in Ecuador
After three years of growth, overseas shipments of cocoa; paste, wholly or partly defatted decreased by -19.4% to 640 tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year.
In value terms, exports of cocoa; paste, wholly or partly defatted dropped sharply to $1.5M in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 194%.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 173 | 463 | 857 | 412 | 33.5% |
| Estonia | N/A | N/A | N/A | 273 | 0% |
| Dominican Republic | 4.1 | 110 | 250 | 107 | 196.6% |
| Mexico | 38.2 | 97.1 | 171 | 78.2 | 27.0% |
| Guatemala | 11.0 | 31.8 | 20.7 | 63.7 | 79.6% |
| Russia | 21.3 | 53.1 | 96.4 | 41.2 | 24.6% |
| Argentina | 26.6 | 107 | 124 | 32.1 | 6.5% |
| Costa Rica | 8.0 | 22.7 | 74.4 | 31.8 | 58.4% |
| Spain | 8.1 | 21.9 | 41.1 | 20.0 | 35.2% |
| Uruguay | 13.9 | 29.7 | 44.1 | 15.4 | 3.5% |
| Brazil | 19.0 | 15.4 | 26.9 | 12.2 | -13.7% |
| Others | 32.0 | 94.5 | 180 | 378 | 127.7% |
| Total | 355 | 1,046 | 1,886 | 1,466 | 60.4% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Ecuador in 2022:
- Colombia (205.5 tons)
- Estonia (114.2 tons)
- Mexico (58.7 tons)
- Dominican Republic (39.4 tons)
- Russia (20.2 tons)
- Guatemala (19.3 tons)
- Uruguay (19.0 tons)
- Spain (17.2 tons)
- Costa Rica (11.5 tons)
- Argentina (9.9 tons)
- Brazil (4.7 tons)
Imports of Cocoa; Paste, Wholly or Partly Defatted in Ecuador
After three years of growth, overseas purchases of cocoa; paste, wholly or partly defatted decreased by -0.2% to 202 tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 91%.
In value terms, imports of cocoa; paste, wholly or partly defatted dropped slightly to $348K in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 55.9 | 176 | 348 | 348 | 84.0% |
| Peru | 137 | 170 | N/A | N/A | 24.1% |
| Others | 0.2 | 0.4 | 0.6 | 0.5 | 35.7% |
| Total | 193 | 347 | 349 | 348 | 21.7% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Ecuador in 2022:
- Indonesia (201.5 tons)
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