Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Korea - 2022

Contents:

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

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

In 2022, the average import price for cocoa; shells, husks, skins and other cocoa wastes amounted to $187 per ton, with an increase of 5.3% against the previous year. In general, the import price, however, saw a pronounced contraction. The growth pace was the most rapid in 2015 when the average import price increased by 11%. The import price peaked at $242 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +0.8% per year.

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

The average export price for cocoa; shells, husks, skins and other cocoa wastes stood at $2,500 per ton in 2022, falling by -5.6% against the previous year. In general, the export price continues to indicate a slight curtailment. The growth pace was the most rapid in 2019 an increase of 152% against the previous year. As a result, the export price reached the peak level of $3,828 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, 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 the United States amounted to -1.6% per year.

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

After three years of growth, purchases abroad of cocoa; shells, husks, skins and other cocoa wastes decreased by -33.6% to 1K tons in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 217% against the previous year.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes fell markedly to $189K in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 184%.

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

1. Indonesia (1.0K tons)

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

In 2022, exports of cocoa; shells, husks, skins and other cocoa wastes from South Korea dropped dramatically to 44 kg, with a decrease of -38% compared with 2021. Overall, exports showed a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 9.2% against the previous year.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes reduced markedly to $110 in 2022. Over the period under review, exports showed a sharp contraction. The smallest decline of -20% was in 2021.

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

1. United States (44.0 kg)

Source: IndexBox Market Intelligence Platform