Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Argentina - 2023

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Argentina (CIF) - 2022
2. Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Argentina

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Argentina (CIF) - 2022

The average import price for cocoa; shells, husks, skins and other cocoa wastes stood at $464 per ton in 2022, dropping by -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2017 an increase of 43%. As a result, import price attained the peak level of $512 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ghana ($485 per ton), while the price for Peru ($444 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Argentina

In 2022, approx. 216 tons of cocoa; shells, husks, skins and other cocoa wastes were imported into Argentina; rising by 5.9% against the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 30%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes stood at $100K in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 53%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Cocoa; Shells, Husks, Skins and Other Cocoa Waste to Argentina in 2022:

1. Ghana (99.1 tons)
2. Peru (74.8 tons)
3. Ecuador (42.5 tons)

Source: IndexBox Market Intelligence Platform