Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $39,632 per ton, with an increase of 278% against the previous year. Over the period under review, the import price saw significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($71,627 per ton), while the price for Cameroon ($5,820 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+23.1%), 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 Morocco (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $12,000 per ton in 2022, rising by 210% against the previous year. Over the period under review, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($21,000 per ton), while the average price for exports to Italy totaled $7,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+10.0%).
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds imported into Morocco shrank dramatically to 740 kg, which is down by -78% compared with the previous year's figure. Overall, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of 3.4 tons, and then declined significantly in the following year.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds dropped significantly to $29K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports attained the peak of $35K, and then declined sharply in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | N/A | N/A | 22.9 | 0% |
| Peru | N/A | N/A | N/A | 3.7 | 0% |
| France | N/A | N/A | N/A | 1.3 | 0% |
| Belgium | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Madagascar | N/A | N/A | N/A | 0.5 | 0% |
| Cameroon | N/A | N/A | N/A | 0.3 | 0% |
| Togo | 0.4 | 0.3 | 0.3 | N/A | -13.4% |
| Guinea | 22.4 | 20.9 | 32.9 | N/A | 21.2% |
| Others | 1.3 | 1.0 | 1.9 | N/A | 20.9% |
| Total | 24.3 | 22.3 | 35.3 | 29.3 | 6.4% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Morocco in 2022:
- Ghana (552.0 kg)
- Madagascar (51.0 kg)
- Peru (51.0 kg)
- Cameroon (50.0 kg)
- France (23.0 kg)
- Belgium (12.0 kg)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds exported from Morocco declined sharply to 6 kg, shrinking by -98.7% compared with the year before. Overall, exports saw a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 55%.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds fell notably to $72 in 2022. In general, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 67%.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 55.4 | 1.0 | 1.7 | N/A | -82.5% |
| Oman | N/A | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | N/A | N/A | 0% |
| Bahrain | 9.0 | N/A | N/A | N/A | 0% |
| Others | 56.6 | 0.1 | 0.1 | N/A | -95.8% |
| Total | 121 | 1.1 | 1.8 | 0.1 | -90.6% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Morocco in 2022:
- Italy (4.0 kg)
- Oman (2.0 kg)
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