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

Contents:

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

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

In 2022, the average import price for cocoa; shells, husks, skins and other cocoa wastes amounted to $175 per ton, increasing by 7.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum at $194 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($179 per ton), while the price for Germany amounted to $156 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+1.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cocoa; shells, husks, skins and other cocoa wastes amounted to $443 per ton, waning by -19.3% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 181% against the previous year. Over the period under review, the average export prices attained the maximum at $2,500 per ton in 2012; however, from 2013 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 Greece ($3,828 per ton), while the average price for exports to the Netherlands ($290 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 Greece (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 2.8K tons of cocoa; shells, husks, skins and other cocoa wastes were imported into Italy; dropping by -15% compared with 2021. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 20%.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes fell to $490K in 2022. Overall, imports saw a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 52%.

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

1. Germany (2127.7 tons)
2. Austria (662.6 tons)

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

In 2022, approx. 38 tons of cocoa; shells, husks, skins and other cocoa wastes were exported from Italy; waning by -4.6% against the year before. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of 40 tons, and then contracted modestly in the following year.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes fell rapidly to $17K in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, the exports reached the peak of $22K, and then declined rapidly in the following year.

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

1. Netherlands (33.6 tons)
2. Austria (3.7 tons)
3. Greece (0.7 tons)

Source: IndexBox Market Intelligence Platform