Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania (FOB) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania (CIF) - 2022
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $2,358 per ton in December 2021, reducing by -5.4% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in February 2021 an increase of 12% m-o-m. The export price peaked at $2,493 per ton in November 2021, and then shrank in the following month.
Average prices varied somewhat for the major overseas markets. In December 2021, the countries with the highest prices were the Netherlands ($2,672 per ton) and Indonesia ($2,356 per ton), while the average price for exports to Spain ($1,892 per ton) and Malaysia ($2,192 per ton) were amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $1,144 per ton, declining by -56.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by 60% against the previous year. Over the period under review, average import prices attained the maximum at $2,716 per ton in 2016; however, from 2017 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 Arab Emirates ($1,211 per ton), while the price for Spain amounted to $295 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania
In 2022, after three years of growth, there was significant decline in overseas shipments of cocoa beans; whole or broken, raw or roasteds, when their volume decreased by -36.9% to 12K tons. Over the period under review, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 56%. As a result, the exports reached the peak of 20K tons, and then declined sharply in the following year.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds declined remarkably to $26M in 2022. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports reached the peak of $48M, and then plummeted in the following year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.4 | 3.2 | 5.6 | 11.2 | 100.0% |
| Malaysia | 3.0 | 11.2 | 4.6 | 9.0 | 44.2% |
| India | 1.2 | 2.4 | 3.0 | 1.6 | 10.1% |
| United States | 1.2 | 0.6 | 0.6 | 1.6 | 10.1% |
| Netherlands | 1.7 | 0.9 | 4.1 | 0.8 | -22.2% |
| Belgium | 9.0 | 2.9 | 0.3 | 0.5 | -61.8% |
| United Arab Emirates | N/A | N/A | N/A | 0.4 | 0% |
| Spain | 1.0 | 1.3 | 1.4 | 0.1 | -53.6% |
| Singapore | 1.4 | 0.8 | N/A | N/A | -42.9% |
| Others | 10.5 | 9.5 | 28.4 | 0.4 | -66.4% |
| Total | 30.4 | 32.8 | 48.2 | 25.7 | -5.4% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Tanzania in 2022:
- Indonesia (5.2K tons)
- Malaysia (4.7K tons)
- India (0.7K tons)
- United States (0.6K tons)
- Netherlands (0.4K tons)
- United Arab Emirates (0.2K tons)
- Belgium (0.2K tons)
- Spain (0.1K tons)
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania
In 2022, supplies from abroad of cocoa beans; whole or broken, raw or roasteds increased by 6.3% to 1.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a sharp contraction.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds declined notably to $1.4K in 2022. Over the period under review, imports, however, faced a dramatic contraction. The smallest decline of -32% was in 2021.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4,292 | 505 | 582 | 1,351 | -32.0% |
| Spain | N/A | 82.0 | N/A | 26.0 | -43.7% |
| Kenya | 354 | 2,901 | N/A | N/A | 719.5% |
| China | 364 | 143 | 104 | N/A | -46.5% |
| United Kingdom | 101 | 67.0 | 523 | N/A | 127.6% |
| South Africa | 331 | 168 | 157 | N/A | -31.1% |
| Italy | 987 | 478 | 429 | N/A | -34.1% |
| Turkey | N/A | N/A | 255 | N/A | 0% |
| Others | N/A | 30.0 | 926 | N/A | 2986.7% |
| Total | 6,429 | 4,374 | 2,976 | 1,377 | -40.2% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Tanzania in 2022:
- United Arab Emirates (1116.0 kg)
- Spain (88.0 kg)
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