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

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

In 2022, the average cocoa; paste, not defatted import price amounted to $3,736 per ton, shrinking by -5.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 24%. Over the period under review, average import prices hit record highs at $4,323 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($20,000 per ton), while the price for the Netherlands ($3,647 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+23.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average cocoa; paste, not defatted export price amounted to $4,046 per ton, shrinking by -78.9% against the previous year. Overall, the export price showed a precipitous shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by 21% against the previous year. The export price peaked at $19,750 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ukraine.

From 2015 to 2022, the rate of growth in terms of prices for Romania amounted to -0.5% per year.

Imports of Cocoa; Paste, Not Defatted in Slovenia

In 2022, purchases abroad of cocoa; paste, not defatteds decreased by -12.2% to 392 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year.

In value terms, cocoa; paste, not defatted imports declined sharply to $1.5M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.1% 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 +77.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 69% against the previous year.

Import of Cocoa; Paste, Not Defatted in Slovenia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	251	1,186	1,544	1,324	74.1%
France	70.5	124	179	92.7	9.6%
Cote d'Ivoire	141	N/A	N/A	N/A	0%
Ghana	347	N/A	N/A	N/A	0%
Others	15.2	79.3	39.7	47.8	46.5%
Total	824	1,389	1,763	1,464	21.1%

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

Netherlands (363.0 tons)
France (20.0 tons)

Exports of Cocoa; Paste, Not Defatted in Slovenia

In 2022, cocoa; paste, not defatted exports from Slovenia skyrocketed to 5 tons, jumping by 1,966% compared with the year before. Overall, exports saw a significant increase. 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 soared to $20K in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 946% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.