Price for Cocoa; Paste, Not Defatted in Bangladesh - 2022
Contents:
- Price for Cocoa; Paste, Not Defatted in Bangladesh (CIF) - 2022
- Imports of Cocoa; Paste, Not Defatted in Bangladesh
Price for Cocoa; Paste, Not Defatted in Bangladesh (CIF) - 2022
In 2022, the average cocoa; paste, not defatted import price amounted to $3,481 per ton, waning by -16.8% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 56%. The import price peaked at $4,182 per ton in 2021, and then dropped notably in the following year.
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 Singapore ($5,800 per ton), while the price for Malaysia ($2,836 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Cocoa; Paste, Not Defatted in Bangladesh
In 2022, approx. 138 tons of cocoa; paste, not defatteds were imported into Bangladesh; waning by -10.8% against the year before. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 77%. As a result, imports attained the peak of 155 tons, and then contracted in the following year.
In value terms, cocoa; paste, not defatted imports declined significantly to $482K in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 99% against the previous year. As a result, imports reached the peak of $648K, and then declined dramatically in the following year.
| Import of Cocoa; Paste, Not Defatted in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 70.6 | 103 | 244 | 212 | 44.3% |
| Singapore | 76.3 | 83.5 | 165 | 108 | 12.3% |
| Ecuador | 106 | 80.6 | 129 | 84.9 | -7.1% |
| Indonesia | 22.0 | 52.5 | 98.0 | 63.3 | 42.2% |
| Others | 4.9 | 6.4 | 13.2 | 12.8 | 37.7% |
| Total | 280 | 326 | 648 | 482 | 19.8% |
Top Suppliers of Cocoa; Paste, Not Defatted to Bangladesh in 2022:
- Malaysia (74.8 tons)
- Ecuador (23.4 tons)
- Indonesia (19.0 tons)
- Singapore (18.7 tons)
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This report provides an in-depth analysis of the cocoa paste market in Bangladesh.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Bangladesh.
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This report provides an in-depth analysis of the global cocoa paste market.
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