Price for Cocoa; Paste, Wholly or Partly Defatted in Vietnam - 2022

Contents:

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

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

The average import price for cocoa; paste, wholly or partly defatted stood at $2,524 per ton in 2022, with an increase of 16% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32%. Over the period under review, average import prices hit record highs at $5,148 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 France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +23.2% per year.

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

The average export price for cocoa; paste, wholly or partly defatted stood at $35,074 per ton in 2022, declining by -4.9% against the previous year. In general, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2016 an increase of 227% against the previous year. The export price peaked at $36,885 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($36,778 per ton), while the average price for exports to Denmark ($3,000 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 France (+43.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

After three years of growth, overseas purchases of cocoa; paste, wholly or partly defatted decreased by -61.8% to 11 tons in 2022. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year.

In value terms, imports of cocoa; paste, wholly or partly defatted contracted significantly to $28K in 2022. Over the period under review, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2020 when imports increased by 49%.

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

1. France (11.0 tons)

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

In 2022, approx. 54 kg of cocoa; paste, wholly or partly defatted were exported from Vietnam; falling by -37.9% compared with the previous year. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 358% against the previous year. As a result, the exports attained the peak of 87 kg, and then contracted markedly in the following year.

In value terms, exports of cocoa; paste, wholly or partly defatted reduced remarkably to $1.9K in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 455% against the previous year. As a result, the exports attained the peak of $3.2K, and then dropped dramatically in the following year.

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

1. Taiwan (Chinese) (36.0 kg)
2. France (17.0 kg)
3. Denmark (1.0 kg)

Source: IndexBox Market Intelligence Platform