Price for Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka - 2022
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka
Price for Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $4,129 per ton, surging by 97% against the previous year. In general, the import price continues to indicate measured growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +34.7% per year.
Price for Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka (FOB) - 2022
The average export price for cocoa; paste, wholly or partly defatted stood at $11,640 per ton in 2022, surging by 41% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 68% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($14,588 per ton), while the average price for exports to Japan ($5,051 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 China (+34.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka
In 2022, the amount of cocoa; paste, wholly or partly defatted imported into Sri Lanka dropped notably to 10 tons, shrinking by -80% compared with 2021. Over the period under review, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of 50 tons, and then contracted remarkably in the following year.
In value terms, imports of cocoa; paste, wholly or partly defatted declined markedly to $41K in 2022. Overall, imports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 17%. As a result, imports reached the peak of $105K, and then fell sharply in the following year.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 20.5 | 37.7 | 30.0 | 41.3 | 26.3% |
| Cote d'Ivoire | N/A | N/A | 10.0 | N/A | 0% |
| China | 16.1 | 32.2 | 40.8 | N/A | 59.2% |
| Indonesia | 9.8 | 4.5 | 10.8 | N/A | 5.0% |
| Ghana | 34.8 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 15.7 | 13.4 | N/A | 146.8% |
| Total | 83.4 | 90.1 | 105 | 41.3 | -20.9% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Sri Lanka in 2022:
- Malaysia (10.0 tons)
Exports of Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka
In 2022, overseas shipments of cocoa; paste, wholly or partly defatted increased by 1,520% to 3.2 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa; paste, wholly or partly defatted surged to $38K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | 0.2 | 1.4 | 31.5 | 580.4% |
| Japan | 0.1 | 0.1 | 0.2 | 4.8 | 263.4% |
| Saudi Arabia | N/A | N/A | N/A | 1.4 | 0% |
| China | 1.6 | 1.5 | N/A | N/A | -6.3% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.9 | 1.8 | 1.6 | 37.7 | 170.7% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Sri Lanka in 2022:
- Germany (2.2 tons)
- Japan (1.0 tons)
- Saudi Arabia (0.1 tons)
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This report provides an in-depth analysis of the cocoa paste market in Sri Lanka.
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This report provides an in-depth analysis of the cocoa paste market in Sri Lanka.
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This report provides an in-depth analysis of the global cocoa paste market.
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