Price for Cocoa; Paste, Not Defatted in Kenya - 2021
Contents:
- Price for Cocoa; Paste, Not Defatted in Kenya (CIF) - 2022
- Imports of Cocoa; Paste, Not Defatted in Kenya
Price for Cocoa; Paste, Not Defatted in Kenya (CIF) - 2022
The average cocoa; paste, not defatted import price stood at $4,310 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29% against the previous year. The import price peaked at $5,281 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,455 per ton), while the price for Ecuador amounted to $3,815 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-0.7%), while the prices for the other major suppliers experienced a decline.
Imports of Cocoa; Paste, Not Defatted in Kenya
In 2022, after three years of growth, there was decline in supplies from abroad of cocoa; paste, not defatteds, when their volume decreased by -2% to 28 tons. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.9% 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 increased by +90.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 69% against the previous year.
In value terms, cocoa; paste, not defatted imports reduced slightly to $121K in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 118%.
| Import of Cocoa; Paste, Not Defatted in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 28.0 | 95.5 | 100 | 97.0 | 51.3% |
| Ecuador | 24.4 | 20.0 | 22.8 | 24.4 | 0.0% |
| Turkey | 2.3 | N/A | N/A | N/A | 0% |
| Others | N/A | 3.6 | 0.5 | N/A | -86.1% |
| Total | 54.7 | 119 | 124 | 121 | 30.3% |
Top Suppliers of Cocoa; Paste, Not Defatted to Kenya in 2022:
- India (21.8 tons)
- Ecuador (6.4 tons)
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