Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Latvia - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Latvia (CIF) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Latvia
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Latvia (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $11,256 per ton, surging by 23% against the previous year. Overall, the import price showed a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 153% against the previous year. The import price peaked at $11,810 per ton in 2019; however, from 2020 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 Lithuania ($15,083 per ton), while the price for the Netherlands ($8,771 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Latvia
In 2022, after three years of growth, there was significant decline in supplies from abroad of cocoa beans; whole or broken, raw or roasteds, when their volume decreased by -99.3% to 480 kg. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 2,021% against the previous year. As a result, imports reached the peak of 73 tons, and then dropped notably in the following year.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds reduced dramatically to $5.4K in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,329% against the previous year. As a result, imports attained the peak of $664K, and then dropped remarkably in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.1 | 1.6 | 1.1 | 2.6 | 7.4% |
| Netherlands | 0.3 | 0.6 | 588 | 1.8 | 81.7% |
| Estonia | 0.6 | 0.4 | 74.6 | 0.5 | -5.9% |
| Lithuania | N/A | N/A | N/A | 0.2 | 0% |
| Belgium | 0.4 | 24.4 | N/A | 0.2 | -20.6% |
| Others | N/A | 0.3 | 0.1 | 0.1 | -42.3% |
| Total | 3.4 | 27.3 | 664 | 5.4 | 16.7% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Latvia in 2022:
- Netherlands (210.0 kg)
- Germany (193.0 kg)
- Estonia (45.0 kg)
- Belgium (16.0 kg)
- Lithuania (12.0 kg)
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This report provides an in-depth analysis of the cocoa bean market in Latvia.
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This report provides an in-depth analysis of the global cocoa bean market.
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This report provides an in-depth analysis of the cocoa bean market in Latvia.
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This report provides an in-depth analysis of the global cocoa bean market.
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Discover the top 10 countries by import value of cocoa beans in the global market. Learn about key statistics and market trends in the cocoa bean industry.
