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

Contents:

1. Price for Cocoa; Paste, Wholly or Partly Defatted in Egypt (CIF) - 2022
2. Price for Cocoa; Paste, Wholly or Partly Defatted in Egypt (FOB) - 2022
3. Imports of Cocoa; Paste, Wholly or Partly Defatted in Egypt
4. Exports of Cocoa; Paste, Wholly or Partly Defatted in Egypt

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

The average import price for cocoa; paste, wholly or partly defatted stood at $2,448 per ton in 2022, increasing by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure at $4,345 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($2,448 per ton), while the price for Ghana totaled $2,448 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cocoa; paste, wholly or partly defatted amounted to $2,638 per ton, with an increase of 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 35%. The export price peaked at $2,883 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Yemen amounted to +1.4% per year.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of cocoa; paste, wholly or partly defatted, when their volume decreased by -41.5% to 652 tons. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year.

In value terms, imports of cocoa; paste, wholly or partly defatted reduced rapidly to $1.6M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year.

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

1. Cote d'Ivoire (379.3 tons)
2. Ghana (273.2 tons)

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

In 2022, overseas shipments of cocoa; paste, wholly or partly defatted were finally on the rise to reach 29 tons after two years of decline. In general, exports, however, saw a abrupt setback.

In value terms, exports of cocoa; paste, wholly or partly defatted soared to $76K in 2022. Over the period under review, exports, however, continue to indicate a deep slump.

Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Egypt in 2022:

1. Yemen (28.5 tons)

Source: IndexBox Market Intelligence Platform