Price for Cocoa; Paste, Wholly or Partly Defatted in France - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in France (FOB) - 2023
- Price for Cocoa; Paste, Wholly or Partly Defatted in France (CIF) - 2023
- Exports of Cocoa; Paste, Wholly or Partly Defatted in France
- Imports of Cocoa; Paste, Wholly or Partly Defatted in France
Price for Cocoa; Paste, Wholly or Partly Defatted in France (FOB) - 2023
In September 2023, the average export price for cocoa; paste, wholly or partly defatted amounted to $5,617 per ton, surging by 3.8% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +2.9%. The growth pace was the most rapid in December 2022 when the average export price increased by 28% m-o-m. The export price peaked in September 2023.
As there is only one major export destination, the average price level is determined by prices for Germany.
From October 2022 to September 2023, the rate of growth in terms of prices for the Netherlands amounted to +65.3% per month.
Price for Cocoa; Paste, Wholly or Partly Defatted in France (CIF) - 2023
In October 2023, the average import price for cocoa; paste, wholly or partly defatted amounted to $3,099 per ton, shrinking by -3.5% against the previous month. Over the period under review, import price indicated a moderate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cocoa; paste, wholly or partly defatted increased by +62.3% against May 2023 indices. The growth pace was the most rapid in June 2023 when the average import price increased by 56% against the previous month. Over the period under review, average import prices hit record highs at $3,211 per ton in September 2023, and then contracted slightly in the following month.
As there is only one major supplying country, the average price level is determined by prices for Cote d'Ivoire.
From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +8.5% per month.
Exports of Cocoa; Paste, Wholly or Partly Defatted in France
In 2022, approx. 3.5K tons of cocoa; paste, wholly or partly defatted were exported from France; jumping by 85% on 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 107% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of cocoa; paste, wholly or partly defatted skyrocketed to $15M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cocoa; Paste, Wholly or Partly Defatted in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.9 | 0.5 | 5.5 | 12.1 | 61.0% |
| Netherlands | N/A | 0.4 | N/A | 2.4 | 144.9% |
| United States | N/A | 1.4 | 0.4 | 0.5 | -40.2% |
| Spain | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| Belgium | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Poland | 0.3 | N/A | 0.2 | N/A | -18.4% |
| Others | 0.5 | 0.4 | 0.2 | 0.1 | -41.5% |
| Total | 4.4 | 3.0 | 6.5 | 15.5 | 52.2% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from France in 2022:
- Germany (2654.6 tons)
- Netherlands (554.4 tons)
- United States (143.2 tons)
- Spain (86.7 tons)
- Belgium (12.9 tons)
Imports of Cocoa; Paste, Wholly or Partly Defatted in France
In 2022, approx. 3.8K tons of cocoa; paste, wholly or partly defatted were imported into France; declining by -2.3% against 2021. In general, imports continue to indicate a deep contraction.
In value terms, imports of cocoa; paste, wholly or partly defatted soared to $9.3M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cocoa; Paste, Wholly or Partly Defatted in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 5.9 | 5.8 | 5.0 | 6.0 | 0.6% |
| Netherlands | 2.8 | 1.9 | 2.5 | 2.6 | -2.4% |
| Poland | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| Total | 9.0 | 8.0 | 8.0 | 9.3 | 1.1% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to France in 2022:
- Cote d'Ivoire (2744.1 tons)
- Netherlands (795.3 tons)
- Poland (120.0 tons)
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This report provides an in-depth analysis of the cocoa paste market in France.
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This report provides an in-depth analysis of the global cocoa paste market.
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Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
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