Price for Cocoa; Paste, Not Defatted in the Czech Republic - 2023

Price for Cocoa; Paste, Not Defatted in the Czech Republic (CIF) - 2023

The average cocoa; paste, not defatted import price stood at $4,626 per ton in June 2023, rising by 10% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 13% month-to-month. The import price peaked in June 2023.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($4,657 per ton), while the price for the Netherlands totaled $4,516 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.7%).

Price for Cocoa; Paste, Not Defatted in the Czech Republic (FOB) - 2022

The average cocoa; paste, not defatted export price stood at $7,745 per ton in 2022, which is down by -18% against the previous year. In general, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 102%. The export price peaked at $16,724 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($10,325 per ton), while the average price for exports to the Netherlands totaled $7,692 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.3%).

Imports of Cocoa; Paste, Not Defatted in the Czech Republic

In 2022, purchases abroad of cocoa; paste, not defatteds decreased by -1.7% to 5.4K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, imports attained the peak of 5.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cocoa; paste, not defatted imports shrank to $21M in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year.

Import of Cocoa; Paste, Not Defatted in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	10.7	15.5	13.7	15.0	11.9%
Netherlands	6.8	5.2	8.2	5.4	-7.4%
Others	0.4	0.3	0.4	0.5	7.7%
Total	18.0	21.0	22.2	20.9	5.1%

Top Suppliers of Cocoa; Paste, Not Defatted to the Czech Republic in 2022:

Germany (4.0K tons)
Netherlands (1.3K tons)

Exports of Cocoa; Paste, Not Defatted in the Czech Republic

In 2022, approx. 283 kg of cocoa; paste, not defatteds were exported from the Czech Republic; growing by 2.9% against 2021 figures. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 5,536% against the previous year. As a result, the exports reached the peak of 5.5 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa; paste, not defatted exports contracted rapidly to $2.2K in 2022. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 4,577% against the previous year. As a result, the exports reached the peak of $77K. From 2021 to 2022, the growth of the exports remained at a lower figure.