Price for Cocoa; Paste, Not Defatted in Cameroon - 2022
Contents:
- Price for Cocoa; Paste, Not Defatted in Cameroon (FOB) - 2022
- Price for Cocoa; Paste, Not Defatted in Cameroon (CIF) - 2022
- Exports of Cocoa; Paste, Not Defatted in Cameroon
- Imports of Cocoa; Paste, Not Defatted in Cameroon
Price for Cocoa; Paste, Not Defatted in Cameroon (FOB) - 2022
The average cocoa; paste, not defatted export price stood at $3,154 per ton in 2022, which is down by -13.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 15% against the previous year. The export price peaked at $3,759 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($5,838 per ton), while the average price for exports to Malaysia ($1,356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.2%), while the prices for the other major destinations experienced a decline.
Price for Cocoa; Paste, Not Defatted in Cameroon (CIF) - 2022
In 2022, the average cocoa; paste, not defatted import price amounted to $3,570 per ton, with an increase of 12% against the previous year. Over the period under review, the import price posted a strong expansion. The growth pace was the most rapid in 2018 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $4,847 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +20.9% per year.
Exports of Cocoa; Paste, Not Defatted in Cameroon
In 2022, the amount of cocoa; paste, not defatteds exported from Cameroon surged to 12K tons, increasing by 28% on the previous year's figure. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.7% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, cocoa; paste, not defatted exports reached $39M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Cocoa; Paste, Not Defatted in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 20.6 | 20.4 | 22.1 | 22.0 | 2.2% |
| Netherlands | 0.1 | 1.0 | 6.1 | 10.5 | 371.8% |
| Italy | 3.0 | 4.0 | 5.4 | 3.6 | 6.3% |
| Germany | N/A | 0.1 | 0.6 | 1.4 | 274.2% |
| United States | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Malaysia | 0.3 | 0.3 | 0.4 | 0.3 | 0.0% |
| Others | N/A | 1.2 | 0.4 | 0.4 | -42.3% |
| Total | 24.1 | 27.0 | 35.0 | 38.7 | 17.1% |
Top Export Markets for Cocoa; Paste, Not Defatted from Cameroon in 2022:
- France (7.1K tons)
- Netherlands (3.8K tons)
- Italy (0.6K tons)
- Germany (0.3K tons)
- United States (0.2K tons)
- Malaysia (0.2K tons)
Imports of Cocoa; Paste, Not Defatted in Cameroon
After two years of decline, supplies from abroad of cocoa; paste, not defatteds increased by 0.9% to 107 kg in 2022. In general, imports, however, recorded a dramatic slump.
In value terms, cocoa; paste, not defatted imports expanded remarkably to $382 in 2022. Overall, imports, however, showed a sharp decrease.
| Import of Cocoa; Paste, Not Defatted in Cameroon (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 9.0 | 815 | 311 | 382 | 248.8% |
| Malaysia | 1,257 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 26.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,266 | 815 | 337 | 382 | -32.9% |
Top Suppliers of Cocoa; Paste, Not Defatted to Cameroon in 2022:
- France (107.0 kg)
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