Price for Cocoa; Paste, Not Defatted in Indonesia - 2022

Contents:

  1. Price for Cocoa; Paste, Not Defatted in Indonesia (FOB) - 2022
  2. Price for Cocoa; Paste, Not Defatted in Indonesia (CIF) - 2022
  3. Exports of Cocoa; Paste, Not Defatted in Indonesia
  4. Imports of Cocoa; Paste, Not Defatted in Indonesia

Price for Cocoa; Paste, Not Defatted in Indonesia (FOB) - 2022

In March 2022, the average cocoa; paste, not defatted export price amounted to $6,085 per ton, surging by 30% against the previous month. In general, export price indicated a mild increase from March 2021 to March 2022: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, cocoa; paste, not defatted export price increased by +91.7% against December 2021 indices. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 48% month-to-month. The export price peaked at $6,128 per ton in July 2021; afterwards, it flattened through to March 2022.

There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was China ($6,798 per ton), while the average price for exports to South Korea ($3,149 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cocoa; Paste, Not Defatted in Indonesia (CIF) - 2022

The average cocoa; paste, not defatted import price stood at $3,651 per ton in March 2022, falling by -1.8% against the previous month. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 29% month-to-month. As a result, import price reached the peak level of $5,241 per ton. From June 2021 to March 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Singapore ($3,874 per ton) and Malaysia ($3,754 per ton), while the price for Ghana ($3,260 per ton) and Cote d'Ivoire ($3,659 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.5%), while the prices for the other major suppliers experienced a decline.

Exports of Cocoa; Paste, Not Defatted in Indonesia

In 2022, exports of cocoa; paste, not defatteds from Indonesia dropped remarkably to 10K tons, shrinking by -24.5% on the year before. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 23%.

In value terms, cocoa; paste, not defatted exports fell notably to $57M in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year.

Export of Cocoa; Paste, Not Defatted in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China30.733.550.435.14.6%
Malaysia37.04.91.29.8-35.8%
Australia4.85.07.65.33.4%
New Zealand0.10.62.92.0171.4%
United States4.73.1N/A1.8-27.4%
Japan1.11.81.10.9-6.5%
Others1.93.44.82.59.6%
Total80.352.368.057.5-10.5%

Top Export Markets for Cocoa; Paste, Not Defatted from Indonesia in 2022:

  1. China (5.0K tons)
  2. Malaysia (2.4K tons)
  3. Australia (1.3K tons)
  4. New Zealand (0.4K tons)
  5. United States (0.3K tons)
  6. Japan (0.2K tons)

Imports of Cocoa; Paste, Not Defatted in Indonesia

In 2022, approx. 8.7K tons of cocoa; paste, not defatteds were imported into Indonesia; rising by 342% compared with 2021 figures. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa; paste, not defatted imports skyrocketed to $29M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cocoa; Paste, Not Defatted in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1.52.13.514.2111.5%
Singapore0.90.71.45.785.0%
Cote d'Ivoire0.10.11.14.3250.3%
Ghana0.50.41.14.2103.3%
Ecuador0.7N/AN/AN/A0%
Others0.50.10.20.66.3%
Total4.23.47.229.090.4%

Top Suppliers of Cocoa; Paste, Not Defatted to Indonesia in 2022:

  1. Malaysia (4.6K tons)
  2. Singapore (1.5K tons)
  3. Ghana (1.4K tons)
  4. Cote d'Ivoire (1.1K tons)

Source: IndexBox Market Intelligence Platform

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