Price for Cocoa; Paste, Not Defatted in Lithuania - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Lithuania (CIF) - 2023
- Price for Cocoa; Paste, Not Defatted in Lithuania (FOB) - 2022
- Imports of Cocoa; Paste, Not Defatted in Lithuania
- Exports of Cocoa; Paste, Not Defatted in Lithuania
Price for Cocoa; Paste, Not Defatted in Lithuania (CIF) - 2023
In September 2023, the average cocoa; paste, not defatted import price amounted to $4,939 per ton, rising by 1.5% against the previous month. Overall, import price indicated moderate growth from December 2022 to September 2023: its price increased at an average monthly rate of +3.9% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cocoa; paste, not defatted import price increased by +9.9% against June 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 71% month-to-month. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($6,416 per ton), while the price for Poland ($3,853 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 the Netherlands (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in Lithuania (FOB) - 2022
The average cocoa; paste, not defatted export price stood at $3,346 per ton in 2022, declining by -15% against the previous year. In general, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 93% against the previous year. As a result, the export price attained the peak level of $5,884 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($8,500 per ton), while the average price for exports to Belarus stood at $3,336 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cocoa; Paste, Not Defatted in Lithuania
In 2022, imports of cocoa; paste, not defatteds into Lithuania expanded markedly to 1.4K tons, surging by 6.6% against the previous year's figure. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 323%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, cocoa; paste, not defatted imports dropped modestly to $5.1M in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 398%. As a result, imports reached the peak of $5.4M, and then dropped slightly in the following year.
| Import of Cocoa; Paste, Not Defatted in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | N/A | N/A | 3,915 | 2,233 | -43.0% |
| Netherlands | 380 | 230 | 226 | 1,522 | 58.8% |
| Belgium | 386 | 380 | 554 | 571 | 13.9% |
| Poland | 29.1 | 240 | 413 | 348 | 128.7% |
| Spain | 339 | 225 | 225 | 231 | -12.0% |
| Estonia | N/A | N/A | N/A | 202 | 0% |
| Others | 0.4 | 0.7 | 31.6 | 8.3 | 174.8% |
| Total | 1,135 | 1,076 | 5,365 | 5,115 | 65.2% |
Top Suppliers of Cocoa; Paste, Not Defatted to Lithuania in 2022:
- Slovakia (566.9 tons)
- Netherlands (425.6 tons)
- Belgium (140.0 tons)
- Poland (110.0 tons)
- Estonia (60.5 tons)
- Spain (58.4 tons)
Exports of Cocoa; Paste, Not Defatted in Lithuania
Cocoa; paste, not defatted exports from Lithuania soared to 60 tons in 2022, rising by 578% against the previous year. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,455%. As a result, the exports reached the peak of 66 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cocoa; paste, not defatted exports soared to $201K in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 567%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Cocoa; Paste, Not Defatted in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 0.2 | 4.0 | 34.6 | 200 | 900.0% |
| Bulgaria | N/A | 158 | N/A | N/A | 0% |
| Ukraine | 19.0 | N/A | N/A | N/A | 0% |
| Others | 5.7 | 4.6 | 0.3 | 1.1 | -42.2% |
| Total | 25.0 | 167 | 34.9 | 201 | 100.3% |
Top Export Markets for Cocoa; Paste, Not Defatted from Lithuania in 2022:
- Belarus (60.0 tons)
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