Price for Cocoa; Paste, Wholly or Partly Defatted in the UK - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in the UK (FOB) - 2023
- Price for Cocoa; Paste, Wholly or Partly Defatted in the UK (CIF) - 2022
- Exports of Cocoa; Paste, Wholly or Partly Defatted in the UK
- Imports of Cocoa; Paste, Wholly or Partly Defatted in the UK
Price for Cocoa; Paste, Wholly or Partly Defatted in the UK (FOB) - 2023
The average export price for cocoa; paste, wholly or partly defatted stood at $1,612 per ton in November 2023, remaining stable against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 38% against the previous month. As a result, the export price reached the peak level of $2,585 per ton. From September 2023 to November 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From November 2022 to November 2023, the rate of growth in terms of prices for Spain amounted to -0.2% per month.
Price for Cocoa; Paste, Wholly or Partly Defatted in the UK (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $5,166 per ton, growing by 37% against the previous year. Overall, the import price showed a noticeable expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 155%. As a result, import price reached the peak level of $10,050 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($14,092 per ton), while the price for Spain ($3,607 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cocoa; Paste, Wholly or Partly Defatted in the UK
In 2022, the amount of cocoa; paste, wholly or partly defatted exported from the UK declined to 313 tons, falling by -11.8% compared with the previous year's figure. Overall, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 866% against the previous year.
In value terms, exports of cocoa; paste, wholly or partly defatted rose sharply to $2.7M in 2022. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2,625% against the previous year.
| Export of Cocoa; Paste, Wholly or Partly Defatted in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 2.4 | 2.7 | 12.5% |
| Bulgaria | 1.8 | N/A | N/A | N/A | 0% |
| Belgium | 0.6 | N/A | N/A | N/A | 0% |
| Ireland | 2.1 | 0.1 | N/A | N/A | -95.2% |
| Poland | 3.3 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 8.0 | 0.1 | 2.6 | 2.7 | -30.4% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from the UK in 2022:
- Spain (312.5 tons)
Imports of Cocoa; Paste, Wholly or Partly Defatted in the UK
In 2022, the amount of cocoa; paste, wholly or partly defatted imported into the UK contracted notably to 36 tons, dropping by -96.9% against 2021. Overall, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 30,756% against the previous year. As a result, imports attained the peak of 1.1K tons, and then shrank sharply in the following year.
In value terms, imports of cocoa; paste, wholly or partly defatted reduced sharply to $184K in 2022. Over the period under review, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 11,436%. As a result, imports attained the peak of $4.3M, and then fell markedly in the following year.
| Import of Cocoa; Paste, Wholly or Partly Defatted in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 82.6 | 0% |
| Ecuador | N/A | N/A | 59.5 | 61.4 | 3.2% |
| Peru | 31.9 | N/A | N/A | 32.0 | 0.1% |
| Cote d'Ivoire | 182 | N/A | 2,374 | N/A | 261.2% |
| Belgium | 105 | N/A | N/A | N/A | 0% |
| Ghana | 92.1 | N/A | 1,835 | N/A | 346.4% |
| Others | 70.3 | 37.2 | 28.2 | 7.8 | -51.9% |
| Total | 482 | 37.2 | 4,297 | 184 | -27.5% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to the UK in 2022:
- Spain (22.9 tons)
- Ecuador (10.0 tons)
- Peru (2.3 tons)
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