Price for Cocoa; Paste, Not Defatted in Australia - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Australia (CIF) - 2023
- Price for Cocoa; Paste, Not Defatted in Australia (FOB) - 2022
- Imports of Cocoa; Paste, Not Defatted in Australia
- Exports of Cocoa; Paste, Not Defatted in Australia
Price for Cocoa; Paste, Not Defatted in Australia (CIF) - 2023
The average cocoa; paste, not defatted import price stood at $4,395 per ton in July 2023, picking up by 3.9% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 9.3% m-o-m. The import price peaked in July 2023.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Malaysia ($4,980 per ton) and Cote d'Ivoire ($4,705 per ton), while the price for Ghana ($3,863 per ton) and Indonesia ($3,864 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in Australia (FOB) - 2022
In 2022, the average cocoa; paste, not defatted export price amounted to $3,421 per ton, jumping by 23% against the previous year. In general, the export price, however, showed a slight decline. The export price peaked at $4,656 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +2.7% per year.
Imports of Cocoa; Paste, Not Defatted in Australia
For the fourth year in a row, Australia recorded growth in purchases abroad of cocoa; paste, not defatteds, which increased by 5.4% to 22K tons in 2022. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, cocoa; paste, not defatted imports dropped modestly to $94M in 2022. The total import value increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $94M, leveling off in the following year.
| Import of Cocoa; Paste, Not Defatted in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.1 | 1.9 | 1.0 | 49.0 | 185.8% |
| Malaysia | 18.6 | 20.2 | 17.4 | 17.0 | -3.0% |
| Ghana | 2.3 | 2.5 | 4.6 | 9.8 | 62.1% |
| Indonesia | 11.0 | 7.1 | 9.5 | 8.3 | -9.0% |
| Cote d'Ivoire | 14.9 | 17.7 | 15.5 | 6.6 | -23.8% |
| Ecuador | 4.0 | 4.8 | 2.0 | 2.3 | -16.8% |
| Chile | 11.8 | 15.6 | 12.1 | N/A | 1.3% |
| Others | 2.0 | 3.0 | 32.1 | 0.7 | -29.5% |
| Total | 66.8 | 72.9 | 94.2 | 93.6 | 11.9% |
Top Suppliers of Cocoa; Paste, Not Defatted to Australia in 2022:
- Singapore (11.3K tons)
- Malaysia (3.7K tons)
- Ghana (2.7K tons)
- Indonesia (2.1K tons)
- Cote d'Ivoire (1.7K tons)
- Ecuador (0.6K tons)
Exports of Cocoa; Paste, Not Defatted in Australia
In 2022, approx. 1.9 tons of cocoa; paste, not defatteds were exported from Australia; dropping by -93.1% on the year before. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 8.2%.
In value terms, cocoa; paste, not defatted exports shrank markedly to $6.4K in 2022. Over the period under review, exports saw a sharp contraction. The smallest decline of -6.1% was in 2021.
| Export of Cocoa; Paste, Not Defatted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 132 | 42.5 | 49.7 | 6.4 | -63.5% |
| New Zealand | 29.2 | 20.9 | 21.4 | N/A | -14.4% |
| Malaysia | 1.6 | 6.5 | 0.4 | N/A | -50.0% |
| Netherlands | 62.6 | 10.2 | 2.9 | N/A | -78.5% |
| Others | 2.0 | 0.5 | 1.3 | N/A | -19.4% |
| Total | 227 | 80.6 | 75.7 | 6.4 | -69.6% |
Top Export Markets for Cocoa; Paste, Not Defatted from Australia in 2022:
- Singapore (1.9 tons)
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