Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Norway - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Norway (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Norway (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Norway
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Norway
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Norway (CIF) - 2022
The average import price for cocoa beans; whole or broken, raw or roasteds stood at $9,044 per ton in 2022, dropping by -13.9% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 8.7%. The import price peaked at $19,065 per ton in 2012; however, from 2013 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 the United States ($20,294 per ton), while the price for the Dominican Republic ($6,244 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the prices for the other major suppliers experienced a decline.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Norway (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $18,053 per ton in 2022, jumping by 190% against the previous year. Over the period under review, the export price recorded a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +8.6% per year.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Norway
Imports of cocoa beans; whole or broken, raw or roasteds into Norway totaled 20 tons in 2022, with an increase of 12% against 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% 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 +54.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds contracted to $176K in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $183K, and then dropped slightly in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 38.8 | 30.9 | 55.5 | 60.3 | 15.8% |
| Belgium | 8.1 | 4.0 | 6.7 | 15.9 | 25.2% |
| Tanzania | 1.8 | 2.2 | 4.3 | 15.2 | 103.6% |
| Ecuador | 8.7 | 7.9 | 5.4 | 13.8 | 16.6% |
| Ghana | 1.0 | 1.3 | 3.3 | 13.0 | 135.1% |
| Dominican Republic | 0.5 | 0.7 | 2.3 | 8.3 | 155.1% |
| Uganda | N/A | N/A | 1.5 | 6.1 | 306.7% |
| Guatemala | 2.0 | 2.2 | 2.1 | 5.5 | 40.1% |
| Madagascar | 0.2 | 0.2 | 0.5 | 5.2 | 196.2% |
| Netherlands | 4.5 | 2.3 | 2.3 | 5.0 | 3.6% |
| Haiti | N/A | N/A | 2.7 | 3.6 | 33.3% |
| Nigeria | N/A | N/A | N/A | 2.2 | 0% |
| Germany | 9.5 | 0.4 | 1.2 | N/A | -64.5% |
| Others | 79.8 | 72.2 | 95.3 | 22.1 | -34.8% |
| Total | 155 | 124 | 183 | 176 | 4.3% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Norway in 2022:
- Peru (6.6 tons)
- Tanzania (2.0 tons)
- Belgium (1.8 tons)
- Ghana (1.7 tons)
- Ecuador (1.4 tons)
- Dominican Republic (1.3 tons)
- Uganda (0.9 tons)
- Madagascar (0.8 tons)
- Haiti (0.6 tons)
- Guatemala (0.5 tons)
- Netherlands (0.4 tons)
- Nigeria (0.3 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Norway
In 2022, after three years of growth, there was significant decline in shipments abroad of cocoa beans; whole or broken, raw or roasteds, when their volume decreased by -94.4% to 19 kg. Overall, exports recorded a dramatic contraction. The pace of growth was the most pronounced in 2020 when exports increased by 48%.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds fell markedly to $343 in 2022. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, the exports reached the peak of $2.2K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 33.0 | 261 | 327 | 343 | 118.2% |
| Belgium | N/A | 670 | N/A | N/A | 0% |
| United Kingdom | N/A | 586 | N/A | N/A | 0% |
| Finland | 8.0 | 11.0 | 6.0 | N/A | -13.4% |
| Netherlands | 1,281 | 508 | 1,664 | N/A | 14.0% |
| Others | 134 | 189 | 98.0 | N/A | -14.5% |
| Total | 1,456 | 2,225 | 2,095 | 343 | -38.2% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Norway in 2022:
- Sweden (19.0 kg)
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