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

Contents:

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

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

The average import price for cocoa; shells, husks, skins and other cocoa wastes stood at $2,278 per ton in 2022, rising by 178% against the previous year. Overall, the import price showed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($2,334 per ton), while the price for the United States totaled $1,026 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.8%).

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

The average export price for cocoa; shells, husks, skins and other cocoa wastes stood at $2,471 per ton in 2022, picking up by 34% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 1,411% against the previous year. As a result, the export price reached the peak level of $25,143 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Uruguay amounted to +37.8% per year.

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

In 2022, approx. 3.5 tons of cocoa; shells, husks, skins and other cocoa wastes were imported into Panama; with a decrease of -98% compared with 2021. Over the period under review, imports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, imports attained the peak of 177 tons, and then dropped significantly in the following year.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes declined markedly to $8.1K in 2022. Overall, imports recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $145K, and then reduced rapidly in the following year.

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

1. Poland (3.4 tons)
2. United States (0.2 tons)

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

For the third consecutive year, Panama recorded decline in shipments abroad of cocoa; shells, husks, skins and other cocoa wastes, which decreased by -62.6% to 408 kg in 2022. In general, exports showed a dramatic setback.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes shrank markedly to $1K in 2022. Over the period under review, exports recorded a significant contraction. The smallest decline of -10.2% was in 2020.

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

1. Uruguay (408.0 kg)

Source: IndexBox Market Intelligence Platform