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

Contents:

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

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

In May 2023, the average cocoa; paste, not defatted import price amounted to $4,356 per ton, falling by -6.6% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in April 2023 an increase of 20% against the previous month. As a result, import price reached the peak level of $4,662 per ton, and then declined in the following month.

Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was Belgium ($4,375 per ton), while the price for the Netherlands stood at $4,185 per ton.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%).

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

In 2022, the average cocoa; paste, not defatted export price amounted to $13,517 per ton, growing by 76% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth was the most pronounced in 2015 an increase of 156%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($16,847 per ton), while the average price for exports to Iceland ($7,701 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa; Paste, Not Defatted in Sweden

In 2022, overseas purchases of cocoa; paste, not defatteds decreased by -1.4% to 4.8K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of 4.9K tons, and then reduced in the following year.

In value terms, cocoa; paste, not defatted imports contracted to $18M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year.

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

1. Belgium (3.6K tons)
2. Netherlands (1.1K tons)

Exports of Cocoa; Paste, Not Defatted in Sweden

In 2022, cocoa; paste, not defatted exports from Sweden surged to 498 kg, growing by 111% on the year before. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 926% against the previous year.

In value terms, cocoa; paste, not defatted exports skyrocketed to $6.7K in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,302%. The exports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Denmark (291.0 kg)
2. Iceland (116.0 kg)
3. Finland (64.0 kg)
4. Norway (28.0 kg)

Source: IndexBox Market Intelligence Platform