Price for Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $2,974 per ton, dropping by -4.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 45% against the previous year. As a result, import price reached the peak level of $4,236 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Ghana.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to -0.7% per year.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand (FOB) - 2022
In 2022, the average export price for cocoa beans; whole or broken, raw or roasteds amounted to $8,907 per ton, which is down by -19.1% against the previous year. Over the period under review, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 245%. As a result, the export price reached the peak level of $11,736 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cook Islands ($16,850 per ton), while the average price for exports to Australia stood at $8,600 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-2.7%).
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand
In 2022, purchases abroad of cocoa beans; whole or broken, raw or roasteds decreased by -6.6% to 2.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. As a result, imports attained the peak of 2.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds declined to $6.7M in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 31%. As a result, imports attained the peak of $8.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 5.9 | 8.1 | 6.6 | 6.0 | 0.6% |
| Others | 0.8 | 0.7 | 0.8 | 0.7 | -4.4% |
| Total | 6.7 | 8.9 | 7.4 | 6.7 | 0.0% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to New Zealand in 2022:
- Ghana (2.1K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand
For the third consecutive year, New Zealand recorded decline in shipments abroad of cocoa beans; whole or broken, raw or roasteds, which decreased by -79.6% to 538 kg in 2022. Overall, exports continue to indicate a precipitous decrease. The smallest decline of -22.9% was in 2021.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds shrank rapidly to $4.8K in 2022. Over the period under review, exports showed a dramatic shrinkage. The growth pace was the most rapid in 2020 when exports increased by 88% against the previous year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.1 | 27.4 | 28.0 | 4.5 | -4.1% |
| Cook Islands | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Fiji | 3.0 | 0.1 | 0.1 | N/A | -81.7% |
| Samoa | 6.5 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.6 | 0.7 | N/A | 32.3% |
| Total | 15.0 | 28.2 | 29.0 | 4.8 | -31.6% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from New Zealand in 2022:
- Australia (518.0 kg)
- Cook Islands (20.0 kg)
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This report provides an in-depth analysis of the cocoa bean market in New Zealand.
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