Price for Cocoa; Paste; Whether or Not Defatted in Kenya - 2022

Contents:

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

Price for Cocoa; Paste; Whether or Not Defatted in Kenya (CIF) - 2022

The average import price for cocoa; paste; whether or not defatteds stood at $4,126 per ton in 2022, reducing by -7.5% against the previous year. Overall, the import price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $4,765 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +1.1% per year.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $3,176 per ton, with a decrease of -22.1% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 214%. As a result, the export price attained the peak level of $6,112 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($3,177 per ton), while the average price for exports to Uganda stood at $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+0.3%).

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

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Kenya surged to 37 tons, growing by 23% on 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 69%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of cocoa; paste; whether or not defatteds amounted to $152K in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 118%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India10.457.553.1151144.0%
Ecuador9.112.112.0N/A14.8%
Egypt31.444.046.6N/A21.8%
Others3.85.621.80.7-43.1%
Total54.711913415240.6%

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

  1. India (36.8 tons)

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

After two years of decline, shipments abroad of cocoa; paste; whether or not defatteds increased by 13% to 2 tons in 2022. Over the period under review, exports, however, showed a abrupt slump.

In value terms, exports of cocoa; paste; whether or not defatteds shrank to $6.2K in 2022. In general, exports, however, saw a abrupt slump. The smallest decline of -9.3% was in 2020.

Export of Cocoa; Paste; Whether or Not Defatted in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MalaysiaN/AN/AN/A6.20%
Uganda8.18.67.1N/A-6.4%
Others1.4N/AN/AN/A0%
Total9.58.67.16.2-13.3%

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

  1. Malaysia (1956.0 kg)
  2. Uganda (1.0 kg)

Source: IndexBox Market Intelligence Platform

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