Price for Cocoa; Paste, Not Defatted in Estonia - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Estonia (FOB) - 2023
- Price for Cocoa; Paste, Not Defatted in Estonia (CIF) - 2023
- Exports of Cocoa; Paste, Not Defatted in Estonia
- Imports of Cocoa; Paste, Not Defatted in Estonia
Price for Cocoa; Paste, Not Defatted in Estonia (FOB) - 2023
In September 2023, the average cocoa; paste, not defatted export price amounted to $4,763 per ton, growing by 6.7% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in August 2023 an increase of 12% month-to-month. The export price peaked in September 2023.
Average prices varied somewhat for the major export markets. In September 2023, the countries with the highest prices were Ukraine ($5,651 per ton) and Poland ($4,832 per ton), while the average price for exports to Russia ($4,376 per ton) and Belarus ($4,823 per ton) were amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in Estonia (CIF) - 2023
The average cocoa; paste, not defatted import price stood at $4,196 per ton in September 2023, stabilizing at the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 15% against the previous month. Over the period under review, average import prices reached the peak figure in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Belarus ($4,801 per ton), while the price for Cote d'Ivoire ($2,533 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ghana (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cocoa; Paste, Not Defatted in Estonia
Cocoa; paste, not defatted exports from Estonia skyrocketed to 6.5K tons in 2022, picking up by 39% against the previous year. Overall, exports showed perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of 63%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, cocoa; paste, not defatted exports soared to $24M in 2022. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 76%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Cocoa; Paste, Not Defatted in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 5.1 | 5.9 | 9.1 | 13.3 | 37.6% |
| Russia | 9.6 | 3.4 | 6.1 | 9.0 | -2.1% |
| Poland | 2.0 | N/A | 1.2 | 0.7 | -29.5% |
| Latvia | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Others | 0.6 | 0.1 | 0.3 | 0.3 | -20.6% |
| Total | 17.4 | 9.7 | 17.1 | 23.7 | 10.8% |
Top Export Markets for Cocoa; Paste, Not Defatted from Estonia in 2022:
- Belarus (3.6K tons)
- Russia (2.5K tons)
- Poland (0.2K tons)
- Latvia (0.1K tons)
Imports of Cocoa; Paste, Not Defatted in Estonia
In 2022, approx. 3.3K tons of cocoa; paste, not defatteds were imported into Estonia; with an increase of 15% compared with the year before. In general, imports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 134%.
In value terms, cocoa; paste, not defatted imports expanded slightly to $11M in 2022. Over the period under review, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 148% against the previous year.
| Import of Cocoa; Paste, Not Defatted in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 15.1 | 3.4 | 7.3 | 8.7 | -16.8% |
| Netherlands | N/A | 0.2 | 2.6 | 1.4 | 164.6% |
| Cote d'Ivoire | 0.2 | N/A | 0.1 | 0.3 | 14.5% |
| Others | 0.2 | 0.5 | 0.3 | 0.2 | 0.0% |
| Total | 15.5 | 4.2 | 10.3 | 10.5 | -12.2% |
Top Suppliers of Cocoa; Paste, Not Defatted to Estonia in 2022:
- Ghana (2707.3 tons)
- Netherlands (411.0 tons)
- Cote d'Ivoire (99.9 tons)
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This report provides an in-depth analysis of the cocoa paste market in Estonia.
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This report provides an in-depth analysis of the cocoa paste market in Estonia.
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This report provides an in-depth analysis of the global cocoa paste market.
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