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

Contents:

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

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

The average import price for cocoa; paste, wholly or partly defatted stood at $2,523 per ton in 2022, surging by 14% against the previous year. In general, the import price, however, saw a pronounced descent. The growth pace was the most rapid in 2016 when the average import price increased by 42% against the previous year. The import price peaked at $3,912 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to -4.3% per year.

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

The average export price for cocoa; paste, wholly or partly defatted stood at $2,363 per ton in 2022, picking up by 17% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cocoa; paste, wholly or partly defatted increased by +152.1% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ukraine ($2,885 per ton) and Russia ($2,296 per ton), while the average price for exports to France ($2,039 per ton) and Serbia ($2,192 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of cocoa; paste, wholly or partly defatted imported into Poland expanded remarkably to 1.8K tons, growing by 8.6% on 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, imports attained the peak of 3.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cocoa; paste, wholly or partly defatted surged to $4.4M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 61%. As a result, imports reached the peak of $6M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Cocoa; Paste, Wholly or Partly Defatted in Poland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire3.75.73.54.45.9%
OthersN/A0.20.1N/A-50.0%
Total3.76.03.64.45.9%

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

  1. Cote d'Ivoire (1760.0 tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of cocoa; paste, wholly or partly defatted, when their volume decreased by -74.7% to 417 tons. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year.

In value terms, exports of cocoa; paste, wholly or partly defatted declined notably to $986K in 2022. In general, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 124%.

Export of Cocoa; Paste, Wholly or Partly Defatted in Poland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ukraine12021326534742.5%
Serbia3841,480936256-12.6%
FranceN/AN/AN/A2450%
Russia3612431,574138-27.4%
United Arab EmiratesN/AN/A236N/A0%
EstoniaN/AN/A313N/A0%
Others0.10.123.10.10.0%
Total8661,9363,3489864.4%

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

  1. Ukraine (120.1 tons)
  2. France (120.0 tons)
  3. Serbia (117.0 tons)
  4. Russia (60.0 tons)

Source: IndexBox Market Intelligence Platform

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