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

Contents:

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

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

The average export price for cocoa; shells, husks, skins and other cocoa wastes stood at $1,293 per ton in 2022, waning by -67.1% against the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 591%. Over the period under review, the average export prices reached the peak figure at $5,085 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +30.7% per year.

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

The average import price for cocoa; shells, husks, skins and other cocoa wastes stood at $2,928 per ton in 2022, with a decrease of -12.9% against the previous year. Over the period under review, the import price saw a pronounced descent. The growth pace was the most rapid in 2013 when the average import price increased by 137% against the previous year. As a result, import price reached the peak level of $8,590 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to -1.0% per year.

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

For the fourth year in a row, Canada recorded growth in overseas shipments of cocoa; shells, husks, skins and other cocoa wastes, which increased by 507% to 121 tons in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes surged to $157K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 187% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Estonia (121.2 tons)

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

In 2022, imports of cocoa; shells, husks, skins and other cocoa wastes into Canada dropped remarkably to 9.6 tons, declining by -65% compared with 2021 figures. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 8.3% against the previous year.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes contracted remarkably to $28K in 2022. Overall, imports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 9.1% against the previous year.

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

1. United States (9.5 tons)

Source: IndexBox Market Intelligence Platform