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

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Belgium (CIF) - 2023
2. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Belgium (FOB) - 2022
3. Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Belgium
4. Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Belgium

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Belgium (CIF) - 2023

In October 2023, the average import price for cocoa; shells, husks, skins and other cocoa wastes amounted to $4,540 per ton, surging by 914% against the previous month. Overall, the import price showed a significant expansion. 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 South Africa.

From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +19.3% per month.

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

In 2022, the average export price for cocoa; shells, husks, skins and other cocoa wastes amounted to $913 per ton, rising by 27% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cocoa; shells, husks, skins and other cocoa wastes increased by +83.6% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 43% against the previous year. The export price peaked at $1,010 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($970 per ton), while the average price for exports to Germany ($111 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 the Netherlands (+7.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of cocoa; shells, husks, skins and other cocoa wastes decreased by -20% to 13K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 16K tons, and then plummeted in the following year.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes soared to $3.1M in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

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

1. Netherlands (5.9K tons)
2. Germany (3.3K tons)
3. France (3.0K tons)
4. Ghana (0.2K tons)

Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Belgium

In 2022, the amount of cocoa; shells, husks, skins and other cocoa wastes exported from Belgium skyrocketed to 1.8K tons, increasing by 21% on 2021 figures. In general, exports, however, saw a abrupt downturn.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes surged to $1.7M in 2022. Overall, exports, however, showed a mild curtailment.

Top Export Markets for Cocoa; Shells, Husks, Skins and Other Cocoa Waste from Belgium in 2022:

1. Netherlands (1642.4 tons)
2. France (127.8 tons)
3. Germany (28.4 tons)

Source: IndexBox Market Intelligence Platform