Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico (CIF) - 2023
In October 2023, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $3,674 per ton, increasing by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.8%. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 13% m-o-m. The import price peaked in October 2023.
As there is only one major supplying country, the average price level is determined by prices for Ecuador.
From October 2022 to October 2023, the rate of growth in terms of prices for Peru amounted to +5.2% per month.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $3,699 per ton in 2022, picking up by 4.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 35%. Over the period under review, the average export prices reached the maximum at $4,149 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to -2.0% per year.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico
In 2022, after two years of decline, there was significant growth in supplies from abroad of cocoa beans; whole or broken, raw or roasteds, when their volume increased by 36% to 26K tons. In general, imports, however, saw a abrupt decrease.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds skyrocketed to $67M in 2022. Over the period under review, imports, however, showed a abrupt downturn.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 63.3 | 41.8 | 48.5 | 56.7 | -3.6% |
| Dominican Republic | 9.8 | 7.3 | N/A | 8.1 | -6.2% |
| Colombia | 11.1 | N/A | N/A | 1.7 | -46.5% |
| Peru | 8.9 | 5.9 | 1.2 | 0.8 | -55.2% |
| Cote d'Ivoire | 21.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 114 | 55.0 | 49.7 | 67.2 | -16.2% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Mexico in 2022:
- Ecuador (22.4K tons)
- Dominican Republic (3.0K tons)
- Colombia (0.7K tons)
- Peru (0.3K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico
In 2022, overseas shipments of cocoa beans; whole or broken, raw or roasteds decreased by -42.4% to 32 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 34%. As a result, the exports attained the peak of 324 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds dropped sharply to $120K in 2022. In general, exports saw a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 45%. As a result, the exports reached the peak of $852K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 122 | 255 | 199 | 120 | -0.5% |
| Japan | 83.2 | 96.6 | N/A | N/A | 16.1% |
| Belgium | 109 | N/A | N/A | N/A | 0% |
| Switzerland | N/A | 353 | N/A | N/A | 0% |
| France | 273 | 148 | N/A | N/A | -45.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 588 | 852 | 199 | 120 | -41.1% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Mexico in 2022:
- United States (32.4 tons)
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