Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador (FOB) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador (CIF) - 2022
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador (FOB) - 2022
In 2022, the average export price for cocoa beans; whole or broken, raw or roasteds amounted to $2,337 per ton, waning by -5.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 22%. The export price peaked at $2,988 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($2,673 per ton) and Japan ($2,557 per ton), while the average price for exports to Indonesia ($2,221 per ton) and Canada ($2,244 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $2,666 per ton, with a decrease of -23% against the previous year. In general, the import price showed a mild setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 53%. The import price peaked at $3,979 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($3,520 per ton), while the price for the Dominican Republic amounted to $2,547 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador
For the fourth consecutive year, Ecuador recorded growth in shipments abroad of cocoa beans; whole or broken, raw or roasteds, which increased by 19% to 392K tons in 2022. The total export volume increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds expanded rapidly to $915M in 2022. The total export value increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 24% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 54.0 | 98.3 | 59.4 | 184 | 50.5% |
| United States | 85.4 | 156 | 114 | 173 | 26.5% |
| Indonesia | 126 | 152 | 100 | 157 | 7.6% |
| Netherlands | 77.2 | 54.1 | 57.5 | 93.6 | 6.6% |
| Mexico | 44.1 | 29.3 | 45.3 | 67.6 | 15.3% |
| Belgium | 15.7 | 25.1 | 33.5 | 50.4 | 47.5% |
| Canada | 8.0 | 16.6 | 16.6 | 45.3 | 78.2% |
| Germany | 25.6 | 30.0 | 26.4 | 40.8 | 16.8% |
| Switzerland | 22.2 | 23.4 | 18.6 | N/A | -8.5% |
| Others | 199 | 232 | 348 | 104 | -19.5% |
| Total | 657 | 816 | 819 | 915 | 11.7% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Ecuador in 2022:
- Malaysia (81.4K tons)
- United States (72.3K tons)
- Indonesia (70.7K tons)
- Netherlands (39.3K tons)
- Mexico (28.8K tons)
- Belgium (21.3K tons)
- Canada (20.2K tons)
- Germany (15.3K tons)
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador
In 2022, approx. 30 tons of cocoa beans; whole or broken, raw or roasteds were imported into Ecuador; growing by 98% on the year before. Overall, imports, however, saw a dramatic downturn.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds skyrocketed to $79K in 2022. In general, imports, however, saw a sharp downturn.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 64.3 | 25.9 | 9.4 | 66.3 | 1.0% |
| Peru | 2.6 | 5.5 | 1.5 | 12.8 | 70.1% |
| Germany | 30.3 | N/A | 12.5 | N/A | -35.8% |
| Malaysia | N/A | N/A | 9.7 | N/A | 0% |
| United States | 132 | 128 | 9.3 | N/A | -73.5% |
| Italy | N/A | 60.7 | N/A | N/A | 0% |
| Others | N/A | 60.6 | 9.5 | N/A | -84.3% |
| Total | 230 | 281 | 52.0 | 79.1 | -29.9% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Ecuador in 2022:
- Dominican Republic (26.0 tons)
- Peru (3.6 tons)
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