Price for Cocoa Beans; Whole or Broken, Raw or Roasted in France - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in France (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in France (FOB) - 2023
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in France
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in France
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in France (CIF) - 2023
In October 2023, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $3,661 per ton, therefore, remained relatively stable against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 7.7% against the previous month. Over the period under review, average import prices hit record highs at $3,709 per ton in September 2023, and then dropped modestly in the following month.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Cote d'Ivoire ($4,136 per ton) and Ghana ($3,533 per ton), while the price for Ecuador ($3,181 per ton) and Cameroon ($3,185 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+4.2%), 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 France (FOB) - 2023
In October 2023, the average export price for cocoa beans; whole or broken, raw or roasteds amounted to $12,274 per ton, rising by 126% against the previous month. In general, the export price continues to indicate a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In October 2023, the highest price was recorded for prices to South Korea ($14,195 per ton) and Hong Kong SAR ($14,153 per ton), while the average price for exports to Switzerland ($10,133 per ton) and Japan ($10,701 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.8%), 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 France
For the fourth year in a row, France recorded growth in overseas purchases of cocoa beans; whole or broken, raw or roasteds, which increased by 5.3% to 169K tons in 2022. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds declined modestly to $459M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 9.9%.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 16.6 | 159 | 166 | 156 | 111.0% |
| Cote d'Ivoire | 190 | 142 | 159 | 142 | -9.3% |
| Ghana | 116 | 108 | 102 | 99.7 | -4.9% |
| Netherlands | 8.2 | 17.1 | 16.8 | 22.0 | 39.0% |
| Cameroon | 10.0 | 2.2 | 7.7 | 8.8 | -4.2% |
| Ecuador | 12.2 | 8.2 | 9.0 | 7.8 | -13.9% |
| Others | 62.4 | 19.1 | 21.7 | 23.7 | -27.6% |
| Total | 415 | 456 | 482 | 459 | 3.4% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to France in 2022:
- Belgium (56.5K tons)
- Cote d'Ivoire (55.5K tons)
- Ghana (37.0K tons)
- Netherlands (7.8K tons)
- Cameroon (3.4K tons)
- Ecuador (2.8K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in France
In 2022, exports of cocoa beans; whole or broken, raw or roasteds from France surged to 773 tons, increasing by 98% on the year before. In general, exports recorded a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 347%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds skyrocketed to $3.1M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 143% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,632 | 4.0 | 70.2 | 1,887 | 5.0% |
| United States | 437 | 154 | 246 | 265 | -15.4% |
| Spain | 89.3 | 33.7 | 138 | 183 | 27.0% |
| Japan | 142 | 123 | 240 | 98.5 | -11.5% |
| Poland | 0.1 | 0.2 | 634 | 66.7 | 773.7% |
| United Kingdom | 65.2 | 102 | 39.6 | 48.2 | -9.6% |
| Others | 647 | 331 | 444 | 552 | -5.2% |
| Total | 3,014 | 747 | 1,813 | 3,100 | 0.9% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from France in 2022:
- Netherlands (631.4 tons)
- Poland (25.3 tons)
- United States (24.6 tons)
- Spain (17.8 tons)
- Japan (12.8 tons)
- United Kingdom (4.2 tons)
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