Price for Cocoa; Paste, Not Defatted in Spain - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Spain (CIF) - 2023
- Price for Cocoa; Paste, Not Defatted in Spain (FOB) - 2023
- Imports of Cocoa; Paste, Not Defatted in Spain
- Exports of Cocoa; Paste, Not Defatted in Spain
Price for Cocoa; Paste, Not Defatted in Spain (CIF) - 2023
In June 2023, the average cocoa; paste, not defatted import price amounted to $4,177 per ton, growing by 2.7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 13% m-o-m. The import price peaked in June 2023.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were the Netherlands ($4,464 per ton) and Germany ($4,279 per ton), while the price for Cameroon ($3,838 per ton) and Ghana ($4,023 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in Spain (FOB) - 2023
In June 2023, the average cocoa; paste, not defatted export price amounted to $4,374 per ton, approximately equating the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 13% month-to-month. The export price peaked at $4,412 per ton in May 2023, and then shrank slightly in the following month.
Average prices varied somewhat for the major external markets. In June 2023, the highest price was recorded for prices to the Netherlands ($5,707 per ton) and the UK ($5,089 per ton), while the average price for exports to France ($3,967 per ton) and Saudi Arabia ($4,243 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste, Not Defatted in Spain
In 2022, cocoa; paste, not defatted imports into Spain reduced to 14K tons, remaining relatively unchanged against the previous year. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
In value terms, cocoa; paste, not defatted imports declined to $49M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, imports reached the peak of $51M, and then dropped slightly in the following year.
| Import of Cocoa; Paste, Not Defatted in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 27.1 | 21.4 | 26.0 | 13.9 | -20.0% |
| Netherlands | 13.4 | 16.6 | 13.6 | 13.9 | 1.2% |
| Cote d'Ivoire | 1.4 | 0.7 | 3.0 | 10.1 | 93.2% |
| France | 5.5 | 2.0 | 4.8 | 7.9 | 12.8% |
| Belgium | 0.2 | 0.1 | 0.9 | 1.9 | 111.8% |
| Germany | 1.0 | 1.1 | 2.6 | 1.4 | 11.9% |
| Others | 0.4 | 0.2 | 0.1 | 0.4 | 0.0% |
| Total | 49.0 | 42.3 | 50.9 | 49.5 | 0.3% |
Top Suppliers of Cocoa; Paste, Not Defatted to Spain in 2022:
- Ghana (4.3K tons)
- Netherlands (3.6K tons)
- Cote d'Ivoire (3.3K tons)
- France (2.1K tons)
- Belgium (0.4K tons)
- Germany (0.3K tons)
Exports of Cocoa; Paste, Not Defatted in Spain
In 2022, approx. 8K tons of cocoa; paste, not defatteds were exported from Spain; picking up by 13% against the previous year's figure. The total export volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. 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 $32M in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Cocoa; Paste, Not Defatted in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 10.4 | 9.9 | 7.6 | 7.0 | -12.4% |
| Italy | 1.3 | 1.6 | 3.4 | 6.0 | 66.5% |
| United Kingdom | 0.7 | 0.8 | 1.7 | 1.9 | 39.5% |
| United States | N/A | N/A | 0.2 | 1.8 | 800.0% |
| South Korea | 1.6 | 1.6 | 1.6 | 1.8 | 4.0% |
| Greece | 1.7 | 1.2 | 1.2 | 1.4 | -6.3% |
| Jordan | 0.4 | 0.7 | 1.0 | 1.3 | 48.1% |
| Saudi Arabia | 0.5 | 0.5 | 1.7 | 1.1 | 30.1% |
| Syrian Arab Republic | N/A | 0.6 | 0.5 | 1.0 | 29.1% |
| Japan | 0.7 | 0.5 | 0.9 | 0.9 | 8.7% |
| Lebanon | 0.6 | 0.5 | 0.9 | 0.8 | 10.1% |
| Netherlands | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
| China | 0.7 | 0.3 | 0.4 | 0.6 | -5.0% |
| Others | 6.9 | 4.9 | 5.8 | 5.4 | -7.8% |
| Total | 25.6 | 23.1 | 27.1 | 31.6 | 7.3% |
Top Export Markets for Cocoa; Paste, Not Defatted from Spain in 2022:
- France (1917.2 tons)
- Italy (1610.4 tons)
- United Kingdom (498.9 tons)
- South Korea (394.3 tons)
- United States (380.4 tons)
- Greece (361.8 tons)
- Jordan (298.5 tons)
- Saudi Arabia (271.3 tons)
- Syrian Arab Republic (258.5 tons)
- Japan (225.4 tons)
- Lebanon (188.0 tons)
- China (146.0 tons)
- Netherlands (140.6 tons)
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This report provides an in-depth analysis of the cocoa paste market in Spain.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Spain.
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This report provides an in-depth analysis of the global cocoa paste market.
281
In October 2022, the cocoa paste price stood at $2,641 per ton (CIF, Spain), leveling off at the previous month.
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In October 2022, the cocoa paste price stood at $2,641 per ton (CIF, Spain), leveling off at the previous month.
179
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1347
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
819
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
