Price for Cocoa; Paste, Not Defatted in Uruguay - 2021
Contents:
- Price for Cocoa; Paste, Not Defatted in Uruguay (CIF) - 2022
- Imports of Cocoa; Paste, Not Defatted in Uruguay
Price for Cocoa; Paste, Not Defatted in Uruguay (CIF) - 2022
In 2022, the average cocoa; paste, not defatted import price amounted to $4,370 per ton, picking up by 24% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $4,947 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Peru ($4,583 per ton) and Colombia ($4,493 per ton), while the price for Spain ($4,147 per ton) and Brazil ($4,264 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cocoa; Paste, Not Defatted in Uruguay
After three years of growth, supplies from abroad of cocoa; paste, not defatteds decreased by -12.3% to 118 tons in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.6% 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 +62.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of 135 tons, and then shrank in the following year.
In value terms, cocoa; paste, not defatted imports expanded markedly to $515K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cocoa; Paste, Not Defatted in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 38.0 | 34.4 | 53.5 | 198 | 73.4% |
| Spain | 36.8 | 86.6 | 93.5 | 163 | 64.2% |
| Brazil | 11.3 | 10.3 | 15.3 | 76.4 | 89.1% |
| Peru | N/A | N/A | 13.2 | 74.4 | 463.6% |
| Nigeria | 14.6 | N/A | N/A | N/A | 0% |
| Ghana | 177 | 200 | 180 | N/A | 0.8% |
| Others | 6.0 | 6.8 | 118 | 4.3 | -10.5% |
| Total | 284 | 338 | 473 | 515 | 21.9% |
Top Suppliers of Cocoa; Paste, Not Defatted to Uruguay in 2022:
- Colombia (44.0 tons)
- Spain (39.3 tons)
- Brazil (17.9 tons)
- Peru (16.2 tons)
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This report provides an in-depth analysis of the cocoa paste market in Uruguay.
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This report provides an in-depth analysis of the cocoa paste market in Uruguay.
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This report provides an in-depth analysis of the global cocoa paste market.
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