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

Contents:

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

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

The average import price for cocoa; paste; whether or not defatteds stood at $6,056 per ton in 2022, with an increase of 11% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63% against the previous year. Over the period under review, average import prices hit record highs at $6,688 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($9,076 per ton), while the price for the Netherlands ($4,512 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $9,264 per ton, rising by 48% against the previous year. In general, the export price recorded a notable expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 129% against the previous year. As a result, the export price attained the peak level of $23,000 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($43,133 per ton), while the average price for exports to Germany ($4,286 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+26.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of cocoa; paste; whether or not defatteds, when their volume decreased by -76% to 30 tons. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 181% against the previous year.

In value terms, imports of cocoa; paste; whether or not defatteds fell sharply to $183K in 2022. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 178%.

Import of Cocoa; Paste; Whether or Not Defatted in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/AN/A80.90%
Peru85.740351272.2-5.6%
Belgium12619416315.4-50.4%
SwedenN/A8.33.46.4-12.2%
SpainN/A7.3N/A5.3-14.8%
Others12.510.44.32.6-40.8%
Total224623683183-6.5%

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

  1. Netherlands (17.9 tons)
  2. Peru (8.0 tons)
  3. Belgium (1.7 tons)
  4. Sweden (1.2 tons)
  5. Spain (1.0 tons)

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

Exports of cocoa; paste; whether or not defatteds from Denmark fell sharply to 841 kg in 2022, shrinking by -89.5% against 2021 figures. Overall, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 384%. As a result, the exports attained the peak of 8 tons, and then dropped rapidly in the following year.

In value terms, exports of cocoa; paste; whether or not defatteds declined sharply to $7.8K in 2022. In general, exports saw a perceptible slump. The growth pace was the most rapid in 2021 when exports increased by 378% against the previous year. As a result, the exports reached the peak of $50K, and then shrank remarkably in the following year.

Export of Cocoa; Paste; Whether or Not Defatted in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IcelandN/AN/A44.64.0-91.0%
Germany8.86.65.51.6-43.3%
Faroe IslandsN/A3.8N/A0.7-57.1%
SwedenN/AN/AN/A0.60%
OthersN/A0.1N/A0.8182.8%
Total8.810.550.17.8-3.9%

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

  1. Germany (377.0 kg)
  2. Iceland (325.0 kg)
  3. Faroe Islands (123.0 kg)
  4. Sweden (15.0 kg)

Source: IndexBox Market Intelligence Platform

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