Price for Cocoa; Paste; Whether or Not Defatted in Canada - 2023

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Canada (CIF) - 2022
  2. Price for Cocoa; Paste; Whether or Not Defatted in Canada (FOB) - 2022
  3. Imports of Cocoa; Paste; Whether or Not Defatted in Canada
  4. Exports of Cocoa; Paste; Whether or Not Defatted in Canada

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

The average import price for cocoa; paste; whether or not defatteds stood at $4,046 per ton in 2022, which is down by -3.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 57% against the previous year. As a result, import price attained the peak level of $6,169 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,000 per ton), while the price for the Dominican Republic ($3,622 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $4,758 per ton, picking up by 8.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 16% against the previous year. The export price peaked at $5,229 per ton in 2016; however, from 2017 to 2022, 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.2% per year.

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

In 2022, imports of cocoa; paste; whether or not defatteds into Canada surged to 22K tons, picking up by 40% compared with the year before. Overall, imports, however, saw a slight descent.

In value terms, imports of cocoa; paste; whether or not defatteds soared to $90M in 2022. In general, imports showed a relatively flat trend pattern.

Import of Cocoa; Paste; Whether or Not Defatted in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States38.749.426.328.9-9.3%
Cote d'Ivoire30.215.618.724.4-6.9%
Ecuador1.06.25.211.0122.4%
Belgium11.113.512.19.9-3.7%
Ghana3.915.02.86.015.4%
France0.10.3N/A5.8287.1%
Dominican RepublicN/AN/AN/A1.40%
Others3.31.31.52.8-5.3%
Total88.110166.690.10.8%

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

  1. United States (6.9K tons)
  2. Cote d'Ivoire (6.3K tons)
  3. Ecuador (2.9K tons)
  4. Belgium (2.0K tons)
  5. Ghana (1.6K tons)
  6. France (1.4K tons)
  7. Dominican Republic (0.4K tons)

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

In 2022, overseas shipments of cocoa; paste; whether or not defatteds were finally on the rise to reach 7.1K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a noticeable contraction.

In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $34M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States32.428.724.433.61.2%
Mexico0.31.70.60.30.0%
OthersN/A0.2N/AN/A0%
Total32.830.624.933.91.1%

Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Canada in 2022:

  1. United States (7.1K tons)
  2. Mexico (0.1K tons)

Source: IndexBox Market Intelligence Platform

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