Price for Cocoa; Paste, Not Defatted in Ireland - 2023

Contents:

1. Price for Cocoa; Paste, Not Defatted in Ireland (CIF) - 2023
2. Price for Cocoa; Paste, Not Defatted in Ireland (FOB) - 2022
3. Imports of Cocoa; Paste, Not Defatted in Ireland
4. Exports of Cocoa; Paste, Not Defatted in Ireland

Price for Cocoa; Paste, Not Defatted in Ireland (CIF) - 2023

In June 2023, the average cocoa; paste, not defatted import price amounted to $4,586 per ton, almost unchanged from the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 8.1% against the previous month. The import price peaked at $4,598 per ton in May 2023, and then reduced slightly in the following month.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From June 2022 to June 2023, the rate of growth in terms of prices for the UK amounted to +1.8% per month.

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

The average cocoa; paste, not defatted export price stood at $2,495 per ton in 2022, with a decrease of -97.4% against the previous year. Over the period under review, the export price faced a precipitous descent. The growth pace was the most rapid in 2018 a decrease of -1.8% against the previous year. The export price peaked at $305,650 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,320 per ton), while the average price for exports to Belgium totaled $2,433 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (0.0%).

Imports of Cocoa; Paste, Not Defatted in Ireland

In 2022, approx. 5.6K tons of cocoa; paste, not defatteds were imported into Ireland; growing by 3.6% compared with 2021. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 207%. As a result, imports reached the peak of 6.5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cocoa; paste, not defatted imports dropped modestly to $22M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 247% against the previous year. As a result, imports reached the peak of $27M. From 2021 to 2022, the growth of imports failed to regain momentum.

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

1. United Kingdom (5.5K tons)

Exports of Cocoa; Paste, Not Defatted in Ireland

For the third consecutive year, Ireland recorded growth in shipments abroad of cocoa; paste, not defatteds, which increased by 5,119% to 55 tons in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa; paste, not defatted exports surged to $138K in 2022. The total export value increased at an average annual rate of +14.7% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (undefined tons)
2. Belgium (53.6 tons)
3. Netherlands (1.9 tons)

Source: IndexBox Market Intelligence Platform