Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic (FOB) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic (CIF) - 2022
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic (FOB) - 2023
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $2,958 per ton in March 2023, growing by 6.9% against the previous month. Over the period from January 2023 to March 2023, it increased at an average monthly rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($5,620 per ton), while the average price for exports to Malaysia ($2,475 per ton) was amongst the lowest.
From January 2023 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+50.1%), 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 the Dominican Republic (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $4,421 per ton, with a decrease of -6.7% against the previous year. In general, the import price, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $10,348 per ton. From 2018 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 the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.3% per year.
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds exported from the Dominican Republic dropped to 63K tons, with a decrease of -11% against the previous year. Overall, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of 71K tons, and then contracted in the following year.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds fell to $193M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. As a result, the exports reached the peak of $204M, and then dropped in the following year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 70.9 | 53.0 | 46.3 | 59.8 | -5.5% |
| Netherlands | 48.7 | 46.5 | 54.2 | 33.9 | -11.4% |
| Switzerland | 1.3 | 9.5 | 15.5 | 21.6 | 155.2% |
| Belgium | 21.3 | 22.2 | 46.5 | 19.6 | -2.7% |
| India | 2.8 | 3.5 | 4.2 | 15.8 | 78.0% |
| Italy | 1.9 | 11.6 | 10.1 | 9.7 | 72.2% |
| Mexico | 7.8 | 8.1 | 2.7 | 8.2 | 1.7% |
| Germany | 3.9 | 5.3 | 5.0 | 7.5 | 24.4% |
| Spain | 11.3 | 12.8 | 6.4 | 2.6 | -38.7% |
| Others | 12.8 | 8.4 | 12.9 | 14.7 | 4.7% |
| Total | 183 | 181 | 204 | 193 | 1.8% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from the Dominican Republic in 2022:
- United States (19.6K tons)
- Netherlands (11.0K tons)
- Switzerland (6.7K tons)
- Belgium (6.5K tons)
- India (5.6K tons)
- Mexico (3.0K tons)
- Italy (2.7K tons)
- Germany (2.3K tons)
- Spain (1.0K tons)
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds imported into the Dominican Republic surged to 11 tons, rising by 52% against the previous year. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 79% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds soared to $48K in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 125%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 4.6 | 33.9 | 48.1 | 291.8% |
| Ecuador | N/A | 10.4 | N/A | N/A | 0% |
| Others | 13.3 | N/A | N/A | N/A | 0% |
| Total | 14.1 | 15.0 | 33.9 | 48.1 | 50.5% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to the Dominican Republic in 2022:
- United States (10.9 tons)
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