Price for Cocoa; Paste; Whether or Not Defatted in Greece - 2023

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Greece (CIF) - 2023
  2. Price for Cocoa; Paste; Whether or Not Defatted in Greece (FOB) - 2022
  3. Imports of Cocoa; Paste; Whether or Not Defatted in Greece
  4. Exports of Cocoa; Paste; Whether or Not Defatted in Greece

Price for Cocoa; Paste; Whether or Not Defatted in Greece (CIF) - 2023

In October 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $4,796 per ton, surging by 4.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. The growth pace was the most rapid in August 2023 an increase of 10% against the previous month. As a result, import price reached the peak level of $4,921 per ton. From September 2023 to October 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($6,901 per ton), while the price for Ghana ($4,466 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Paste; Whether or Not Defatted in Greece (FOB) - 2022

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $3,978 per ton, reducing by -2.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 116%. Over the period under review, the average export prices reached the peak figure at $4,689 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($4,481 per ton), while the average price for exports to the United States ($2,783 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 North Macedonia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa; Paste; Whether or Not Defatted in Greece

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Greece contracted markedly to 3.1K tons, with a decrease of -22.6% compared with the previous year. Over the period under review, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of 4K tons, and then shrank remarkably in the following year.

In value terms, imports of cocoa; paste; whether or not defatteds fell rapidly to $11M in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of $15M, and then plummeted in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A2.80%
Netherlands2.02.85.62.69.1%
Ghana1.52.10.81.50.0%
Spain1.41.01.21.3-2.4%
Ukraine4.45.45.61.2-35.2%
France0.50.10.90.66.3%
Cote d'IvoireN/A0.10.30.5123.6%
Others1.10.50.30.3-35.2%
Total11.111.914.710.9-0.6%

Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Greece in 2022:

  1. Germany (852.5 tons)
  2. Netherlands (773.5 tons)
  3. Ghana (458.7 tons)
  4. Spain (356.0 tons)
  5. Ukraine (250.8 tons)
  6. France (180.8 tons)
  7. Cote d'Ivoire (170.0 tons)

Exports of Cocoa; Paste; Whether or Not Defatted in Greece

Exports of cocoa; paste; whether or not defatteds from Greece declined significantly to 18 tons in 2022, reducing by -84.2% compared with 2021 figures. Over the period under review, exports faced a precipitous setback. The smallest decline of -23.9% was in 2020.

In value terms, exports of cocoa; paste; whether or not defatteds fell markedly to $73K in 2022. Overall, exports faced a sharp decline. The smallest decline of -14.3% was in 2021.

Export of Cocoa; Paste; Whether or Not Defatted in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/A0.4N/A31.2783.2%
Bulgaria17731229414.3-56.8%
TunisiaN/AN/A34.012.6-62.9%
Romania26874.059.26.7-70.8%
Cyprus9.993.620.95.5-17.8%
United StatesN/AN/AN/A2.20%
North Macedonia26667.959.9N/A-52.5%
Others0.91.32.60.3-30.7%
Total72254947172.9-53.4%

Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Greece in 2022:

  1. Italy (7.7 tons)
  2. Bulgaria (3.7 tons)
  3. Tunisia (3.0 tons)
  4. Romania (1.5 tons)
  5. Cyprus (1.5 tons)
  6. United States (0.8 tons)

Source: IndexBox Market Intelligence Platform

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