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

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

The average import price for cocoa; paste; whether or not defatteds stood at $3,818 per ton in March 2022, dropping by -2.6% against the previous month. Over the period under review, the import price recorded a slight contraction. The most prominent rate of growth was recorded in October 2021 an increase of 15% against the previous month. As a result, import price reached the peak level of $4,422 per ton. From November 2021 to March 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Ghana ($4,043 per ton), while the price for Cote d'Ivoire ($3,480 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ghana (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cocoa; paste; whether or not defatteds stood at $3,411 per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2020 an increase of 6.4%. The export price peaked at $3,421 per ton in 2021, and then contracted slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +1.6% per year.

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

In 2022, supplies from abroad of cocoa; paste; whether or not defatteds decreased by -24.1% to 3.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.3% 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 +38.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports reached the peak of 5.2K tons, and then declined notably in the following year.

In value terms, imports of cocoa; paste; whether or not defatteds contracted sharply to $15M in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $20M, and then fell significantly in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	3.3	4.0	6.3	5.5	18.6%
Cote d'Ivoire	4.1	3.9	4.5	3.0	-9.9%
Ghana	0.6	0.5	4.1	2.7	65.1%
Poland	1.6	2.6	2.6	1.7	2.0%
Germany	0.1	0.6	1.2	0.8	100.0%
Russia	N/A	0.1	0.7	0.5	123.6%
Netherlands	0.1	0.3	0.4	0.3	44.2%
Others	0.7	0.6	0.3	0.4	-17.0%
Total	10.3	12.6	20.1	14.7	12.6%

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

Estonia (1456.5 tons)
Cote d'Ivoire (771.8 tons)
Ghana (757.6 tons)
Poland (510.7 tons)
Russia (147.7 tons)
Germany (129.4 tons)
Netherlands (80.7 tons)

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

In 2022, overseas shipments of cocoa; paste; whether or not defatteds decreased by -19.4% to 203 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. As a result, the exports reached the peak of 315 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cocoa; paste; whether or not defatteds shrank remarkably to $690 in 2022. Overall, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 69%. As a result, the exports attained the peak of $1.1K. From 2021 to 2022, the growth of the exports of failed to regain momentum.