Price for Cocoa; Paste, Not Defatted in Colombia - 2022
Contents:
- Price for Cocoa; Paste, Not Defatted in Colombia (FOB) - 2022
- Price for Cocoa; Paste, Not Defatted in Colombia (CIF) - 2022
- Exports of Cocoa; Paste, Not Defatted in Colombia
- Imports of Cocoa; Paste, Not Defatted in Colombia
Price for Cocoa; Paste, Not Defatted in Colombia (FOB) - 2022
In February 2022, the average cocoa; paste, not defatted export price amounted to $4,082 per ton, reducing by -2.4% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2021 when the average export price increased by 11% m-o-m. As a result, the export price attained the peak level of $4,236 per ton. From November 2021 to February 2022, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In February 2022, the highest price was recorded for prices to Ecuador ($5,089 per ton) and Belgium ($5,061 per ton), while the average price for exports to Costa Rica ($3,740 per ton) and Peru ($3,864 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in Colombia (CIF) - 2022
The average cocoa; paste, not defatted import price stood at $3,817 per ton in 2022, standing approx. at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $4,578 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($7,813 per ton), while the price for Ecuador ($2,871 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cocoa; Paste, Not Defatted in Colombia
After two years of decline, overseas shipments of cocoa; paste, not defatteds increased by 2.5% to 1.2K tons in 2022. Over the period under review, exports, however, continue to indicate a noticeable decline.
In value terms, cocoa; paste, not defatted exports fell slightly to $4.6M in 2022. In general, exports, however, continue to indicate a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 1.5%.
| Export of Cocoa; Paste, Not Defatted in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 624 | 629 | 676 | 657 | 1.7% |
| Argentina | 1,112 | 434 | 675 | 655 | -16.2% |
| Russia | 653 | 825 | 507 | 571 | -4.4% |
| United States | 168 | 631 | 84.8 | 488 | 42.7% |
| Mexico | 427 | 351 | 453 | 440 | 1.0% |
| Costa Rica | 223 | 353 | 438 | 425 | 24.0% |
| Peru | 194 | 281 | 335 | 326 | 18.9% |
| Turkey | 460 | 266 | 290 | 294 | -13.9% |
| Others | 1,012 | 806 | 1,186 | 755 | -9.3% |
| Total | 4,873 | 4,577 | 4,645 | 4,611 | -1.8% |
Top Export Markets for Cocoa; Paste, Not Defatted from Colombia in 2022:
- Trinidad and Tobago (174.3 tons)
- Argentina (160.4 tons)
- Russia (155.0 tons)
- United States (132.8 tons)
- Mexico (116.2 tons)
- Costa Rica (96.3 tons)
- Peru (87.1 tons)
- Turkey (86.0 tons)
Imports of Cocoa; Paste, Not Defatted in Colombia
In 2022, imports of cocoa; paste, not defatteds into Colombia soared to 18 tons, rising by 28% compared with 2021. Overall, total imports indicated a pronounced increase 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. Based on 2022 figures, imports decreased by -20.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. As a result, imports attained the peak of 23 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cocoa; paste, not defatted imports surged to $69K in 2022. In general, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.1% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year. As a result, imports attained the peak of $84K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cocoa; Paste, Not Defatted in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 30.0 | 51.2 | 38.3 | 47.5 | 16.6% |
| Italy | 8.4 | 3.9 | 11.3 | 14.1 | 18.8% |
| Ecuador | 4.9 | 6.6 | 2.0 | 4.8 | -0.7% |
| Mexico | 1.6 | 2.6 | 2.0 | 2.5 | 16.0% |
| United States | 14.1 | 12.3 | N/A | N/A | -12.8% |
| Panama | 5.0 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 7.6 | N/A | N/A | 1420.0% |
| Total | 64.6 | 84.2 | 53.6 | 68.9 | 2.2% |
Top Suppliers of Cocoa; Paste, Not Defatted to Colombia in 2022:
- Peru (14.2 tons)
- Italy (1.8 tons)
- Ecuador (1.7 tons)
- Mexico (0.4 tons)
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