Price for Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic - 2022
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic (FOB) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic (CIF) - 2022
- Exports of Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic
- Imports of Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic
Price for Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic (FOB) - 2022
The average export price for cocoa; paste, wholly or partly defatted stood at $3,555 per ton in 2022, jumping by 36% against the previous year. Over the period under review, the export price saw a measured expansion. The most prominent rate of growth was recorded in 2016 an increase of 90%. The export price peaked in 2022 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +30.9% per year.
Price for Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $2,217 per ton, which is down by -7.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure at $3,053 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($2,483 per ton), while the price for the United States ($894 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic
In 2022, overseas shipments of cocoa; paste, wholly or partly defatted increased by 572% to 60 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a significant increase. 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 skyrocketed to $213K in 2022. In general, exports posted 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 the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 17.2 | 19.7 | 17.1 | 213 | 131.4% |
| Austria | 2.3 | 1.8 | 1.1 | N/A | -30.8% |
| United States | 0.4 | 0.3 | 5.0 | N/A | 253.6% |
| Others | 3.1 | 1.3 | 0.2 | N/A | -74.6% |
| Total | 22.9 | 23.1 | 23.4 | 213 | 110.3% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from the Dominican Republic in 2022:
- Canada (60.0 tons)
Imports of Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic
In 2022, supplies from abroad of cocoa; paste, wholly or partly defatted increased by 4.8% to 17 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a perceptible downturn.
In value terms, imports of cocoa; paste, wholly or partly defatted shrank slightly to $39K in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 6.8%.
| Import of Cocoa; Paste, Wholly or Partly Defatted in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 7.1 | 28.4 | 25.9 | 24.9 | 51.9% |
| Peru | 22.7 | 6.9 | 12.4 | 12.0 | -19.1% |
| Germany | 3.2 | 1.4 | 1.1 | 1.2 | -27.9% |
| United States | 1.4 | 0.5 | 0.4 | 0.4 | -34.1% |
| Others | 0.5 | 0.2 | 0.2 | 0.2 | -26.3% |
| Total | 35.0 | 37.4 | 39.9 | 38.6 | 3.3% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to the Dominican Republic in 2022:
- Ecuador (12.0 tons)
- Peru (4.8 tons)
- United States (0.4 tons)
- Germany (0.2 tons)
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This report provides an in-depth analysis of the cocoa paste market in the Dominican Republic.
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This report provides an in-depth analysis of the cocoa paste market in the Dominican Republic.
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This report provides an in-depth analysis of the global cocoa paste market.
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