Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland (FOB) - 2023
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland (CIF) - 2023
The average import price for cocoa beans; whole or broken, raw or roasteds stood at $3,358 per ton in December 2023, picking up by 7.4% against the previous month. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were the Dominican Republic ($3,741 per ton) and Ecuador ($3,589 per ton), while the price for Belgium ($2,866 per ton) and Ghana ($2,994 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Madagascar (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland (FOB) - 2023
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $5,745 per ton in December 2023, picking up by 18% against the previous month. Over the period under review, the export price, however, saw a perceptible decrease. The pace of growth appeared the most rapid in April 2023 an increase of 174% against the previous month. The export price peaked at $10,130 per ton in February 2023; however, from March 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In December 2023, the highest price was recorded for prices to Italy ($6,775 per ton) and the Netherlands ($5,427 per ton), while the average price for exports to Austria ($5,183 per ton) and Germany ($5,279 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland
In 2022, imports of cocoa beans; whole or broken, raw or roasteds into Switzerland was estimated at 55K tons, increasing by 4.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 7.2% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds contracted slightly to $165M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of $172M, and then shrank in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 68.2 | 71.7 | 86.0 | 77.4 | 4.3% |
| Ecuador | 31.3 | 33.8 | 39.8 | 30.6 | -0.8% |
| Dominican Republic | 5.0 | 9.3 | 13.4 | 21.1 | 61.6% |
| Peru | 3.8 | 4.5 | 7.7 | 11.9 | 46.3% |
| Cote d'Ivoire | 10.0 | 8.8 | 11.6 | 10.3 | 1.0% |
| Madagascar | 4.9 | 5.0 | 5.0 | 4.2 | -5.0% |
| Others | 9.8 | 6.8 | 8.7 | 9.4 | -1.4% |
| Total | 133 | 140 | 172 | 165 | 7.5% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Switzerland in 2022:
- Ghana (27.0K tons)
- Ecuador (10.5K tons)
- Dominican Republic (6.6K tons)
- Peru (3.7K tons)
- Cote d'Ivoire (3.4K tons)
- Madagascar (1.6K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds exported from Switzerland soared to 261 tons, picking up by 17% compared with 2021 figures. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 26%.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds rose to $1.6M in 2022. Overall, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 38%.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,210 | 701 | 1,067 | 1,109 | -2.9% |
| Germany | 91.1 | 198 | 227 | 201 | 30.2% |
| United States | 15.4 | 84.9 | 86.7 | 131 | 104.1% |
| Netherlands | 203 | 58.5 | 5.5 | 40.8 | -41.4% |
| Italy | 30.0 | 33.8 | 58.3 | 28.8 | -1.4% |
| Belgium | 75.7 | 10.6 | N/A | 14.7 | -42.1% |
| Estonia | 62.1 | N/A | N/A | N/A | 0% |
| Others | 37.2 | 10.5 | 69.2 | 52.1 | 11.9% |
| Total | 1,725 | 1,097 | 1,514 | 1,578 | -2.9% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Switzerland in 2022:
- France (201.6 tons)
- Germany (25.2 tons)
- United States (11.1 tons)
- Netherlands (10.8 tons)
- Belgium (5.4 tons)
- Italy (3.4 tons)
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