Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR (CIF) - 2022
The average import price for cocoa beans; whole or broken, raw or roasteds stood at $4,038 per ton in 2022, declining by -8.3% against the previous year. Over the period under review, the import price recorded a noticeable descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 40%. The import price peaked at $5,795 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($9,004 per ton), while the price for Ecuador ($3,318 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for cocoa beans; whole or broken, raw or roasteds amounted to $5,124 per ton, leveling off at the previous year. Overall, the export price faced a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 255%. Over the period under review, the average export prices reached the maximum at $33,151 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($7,135 per ton), while the average price for exports to Singapore totaled $4,972 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR
In 2022, imports of cocoa beans; whole or broken, raw or roasteds into Hong Kong SAR surged to 58 tons, with an increase of 147% against the previous year. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,009%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds skyrocketed to $234K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 743% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 0.3 | 0.3 | 1.9 | 151 | 695.5% |
| China | 3.3 | 0.9 | 12.3 | 51.6 | 150.1% |
| United States | 0.5 | 0.3 | 3.2 | 21.6 | 250.9% |
| Philippines | 0.6 | 0.4 | 0.7 | 3.4 | 78.3% |
| Singapore | 3.3 | 5.7 | 30.3 | N/A | 203.0% |
| Others | 6.3 | 4.8 | 54.9 | 6.3 | 0.0% |
| Total | 14.4 | 12.3 | 103 | 234 | 153.3% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Hong Kong SAR in 2022:
- Ecuador (45.5 tons)
- China (5.7 tons)
- United States (4.4 tons)
- Philippines (1.0 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR
For the fourth consecutive year, Hong Kong SAR recorded growth in shipments abroad of cocoa beans; whole or broken, raw or roasteds, which increased by 734% to 139 tons in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds skyrocketed to $712K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 25.7 | 67.9 | 642 | 399.8% |
| France | N/A | 3.9 | 8.8 | 69.8 | 323.1% |
| Indonesia | 10.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 8.8 | N/A | 0% |
| Total | 10.3 | 29.6 | 85.5 | 712 | 310.4% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Hong Kong SAR in 2022:
- Singapore (129.2 tons)
- France (9.8 tons)
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