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

Contents:

  1. Price for Cocoa; Paste, Wholly or Partly Defatted in Luxembourg (CIF) - 2022
  2. Imports of Cocoa; Paste, Wholly or Partly Defatted in Luxembourg

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

In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $12,939 per ton, rising by 28% against the previous year. Overall, the import price posted a measured expansion. The pace of growth appeared the most rapid in 2017 an increase of 95% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($12,959 per ton), while the price for France amounted to $12,717 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+121.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After three years of growth, overseas purchases of cocoa; paste, wholly or partly defatted decreased by -27.2% to 1 tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 52% against the previous year.

In value terms, imports of cocoa; paste, wholly or partly defatted shrank to $13K in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 33%.

Import of Cocoa; Paste, Wholly or Partly Defatted in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain4.76.49.88.923.7%
France3.23.52.71.2-27.9%
Italy0.61.51.3N/A47.2%
Others1.72.00.32.919.5%
Total10.113.414.013.08.8%

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

  1. Spain (687.0 kg)
  2. France (92.0 kg)

Source: IndexBox Market Intelligence Platform

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