Price for Cocoa; Paste, Not Defatted in Bulgaria - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Bulgaria (FOB) - 2023
- Price for Cocoa; Paste, Not Defatted in Bulgaria (CIF) - 2023
- Exports of Cocoa; Paste, Not Defatted in Bulgaria
- Imports of Cocoa; Paste, Not Defatted in Bulgaria
Price for Cocoa; Paste, Not Defatted in Bulgaria (FOB) - 2023
In June 2023, the average cocoa; paste, not defatted export price amounted to $3,872 per ton, standing approximately at the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 6.4% m-o-m. Over the period under review, the average export prices reached the maximum in June 2023.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From June 2022 to June 2023, the rate of growth in terms of prices for Turkey amounted to +0.8% per month.
Price for Cocoa; Paste, Not Defatted in Bulgaria (CIF) - 2023
The average cocoa; paste, not defatted import price stood at $4,630 per ton in June 2023, falling by -2.1% against the previous month. Over the period under review, import price indicated pronounced growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cocoa; paste, not defatted import price increased by +10.2% against March 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 29% against the previous month. The import price peaked at $4,731 per ton in May 2023, and then shrank slightly in the following month.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Ukraine ($5,231 per ton) and the UK ($5,038 per ton), while the price for Ghana ($3,991 per ton) and Germany ($3,992 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cocoa; Paste, Not Defatted in Bulgaria
In 2022, approx. 15K tons of cocoa; paste, not defatteds were exported from Bulgaria; increasing by 15% compared with the previous year. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cocoa; paste, not defatted exports rose rapidly to $58M in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cocoa; Paste, Not Defatted in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 49.5 | 46.9 | 52.0 | 58.3 | 5.6% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 49.8 | 47.1 | 52.1 | 58.5 | 5.5% |
Top Export Markets for Cocoa; Paste, Not Defatted from Bulgaria in 2022:
- Turkey (15.4K tons)
Imports of Cocoa; Paste, Not Defatted in Bulgaria
In 2022, overseas purchases of cocoa; paste, not defatteds decreased by -3.5% to 7.8K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +8.0% 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 2020 with an increase of 34%. As a result, imports attained the peak of 8.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cocoa; paste, not defatted imports fell to $28M in 2022. The total import value increased at an average annual rate of +9.6% 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 2020 with an increase of 43% against the previous year. As a result, imports attained the peak of $30M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cocoa; Paste, Not Defatted in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 8.9 | 10.7 | 10.3 | 10.4 | 5.3% |
| Netherlands | 4.9 | 7.0 | 9.5 | 6.7 | 11.0% |
| Poland | 1.7 | 2.5 | 2.7 | 3.0 | 20.8% |
| France | 0.7 | 0.8 | 3.9 | 2.3 | 48.7% |
| Ukraine | N/A | N/A | 0.8 | 1.6 | 100.0% |
| Germany | 0.1 | 2.4 | 1.7 | 1.6 | 152.0% |
| United Kingdom | 3.7 | 5.3 | N/A | 1.2 | -31.3% |
| Others | 1.1 | 1.5 | 0.8 | 1.1 | 0.0% |
| Total | 21.1 | 30.2 | 29.7 | 27.8 | 9.6% |
Top Suppliers of Cocoa; Paste, Not Defatted to Bulgaria in 2022:
- Slovakia (2342.5 tons)
- Poland (1887.5 tons)
- Netherlands (1729.2 tons)
- France (494.6 tons)
- Germany (437.1 tons)
- Ukraine (336.2 tons)
- United Kingdom (261.0 tons)
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This report provides an in-depth analysis of the cocoa paste market in Bulgaria.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Bulgaria.
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This report provides an in-depth analysis of the global cocoa paste market.
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Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
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In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
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In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
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In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
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