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

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Bangladesh (CIF) - 2022
  2. Imports of Cocoa; Paste; Whether or Not Defatted in Bangladesh

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

The average import price for cocoa; paste; whether or not defatteds stood at $3,481 per ton in 2022, reducing by -14.9% against the previous year. In general, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 122%. As a result, import price attained the peak level of $4,745 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($5,800 per ton), while the price for Malaysia ($2,836 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 139 tons of cocoa; paste; whether or not defatteds were imported into Bangladesh; falling by -28.8% against 2021 figures. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year.

In value terms, imports of cocoa; paste; whether or not defatteds contracted sharply to $482K in 2022. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of $799K, and then declined rapidly in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia420351502212-20.4%
Singapore76.594.712110812.2%
Ecuador10691.494.684.9-7.1%
Indonesia22.059.572.063.342.2%
Others9.57.29.712.810.4%
Total635604799482-8.8%

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

  1. Malaysia (74.8 tons)
  2. Ecuador (23.4 tons)
  3. Indonesia (19.0 tons)
  4. Singapore (18.7 tons)

Source: IndexBox Market Intelligence Platform

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