Price for Cocoa; Paste; Whether or Not Defatted in Algeria - 2022

Price for Cocoa; Paste; Whether or Not Defatted in Algeria (CIF) - 2022

The average import price for cocoa; paste; whether or not defatteds stood at $3,101 per ton in 2022, growing by 5.3% against the previous year. Overall, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2014 an increase of 18%. The import price peaked at $3,855 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($4,524 per ton), while the price for Nigeria ($2,481 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%), while the prices for the other major suppliers experienced a decline.

Price for Cocoa; Paste; Whether or Not Defatted in Algeria (FOB) - 2022

The average export price for cocoa; paste; whether or not defatteds stood at $1,357 per ton in 2021, waning by -57.2% against the previous year. In general, the export price faced a deep setback. The growth pace was the most rapid in 2015 an increase of 70%. The export price peaked at $17,479 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +24.1% per year.

Imports of Cocoa; Paste; Whether or Not Defatted in Algeria

Imports of cocoa; paste; whether or not defatteds into Algeria contracted notably to 2.4K tons in 2022, shrinking by -35.5% on the previous year. Overall, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 118%.

In value terms, imports of cocoa; paste; whether or not defatteds contracted markedly to $7.5M in 2022. Over the period under review, imports recorded a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 96% against the previous year.

Import of Cocoa; Paste; Whether or Not Defatted in Algeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ghana	8.3	3.3	4.4	4.2	-20.3%
Netherlands	0.6	0.5	3.2	0.9	14.5%
Nigeria	N/A	0.4	0.3	0.8	41.4%
Turkey	0.2	N/A	0.1	0.5	35.7%
Spain	1.6	0.5	0.6	0.5	-32.1%
Malaysia	0.2	0.1	0.2	0.2	0.0%
Cote d'Ivoire	4.2	0.7	0.6	0.2	-63.8%
Cameroon	N/A	N/A	1.3	N/A	0%
Others	0.7	0.1	0.3	0.2	-34.1%
Total	15.8	5.7	11.1	7.5	-22.0%

Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Algeria in 2022:

Ghana (1378.9 tons)
Nigeria (317.7 tons)
Netherlands (314.0 tons)
Spain (141.1 tons)
Turkey (102.9 tons)
Cote d'Ivoire (60.2 tons)
Malaysia (48.1 tons)

Exports of Cocoa; Paste; Whether or Not Defatted in Algeria

In 2021, approx. 84 kg of cocoa; paste; whether or not defatteds were exported from Algeria; remaining stable against the year before. Overall, exports recorded prominent growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of cocoa; paste; whether or not defatteds stood at $114 in 2021. Over the period under review, exports showed a sharp setback. The smallest decline of 99.9% was in 2020.