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

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

In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $3,737 per ton, dropping by -12.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $4,345 per ton. From 2021 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 Germany ($4,443 per ton), while the price for Malaysia ($783 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $3,706 per ton, increasing by 131% against the previous year. In general, the export price enjoyed buoyant growth. The export price peaked at $6,500 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Lebanon amounted to -2.5% per year.

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

In 2022, overseas purchases of cocoa; paste; whether or not defatteds decreased by -20.7% to 993 tons, falling for the second year in a row after two years of growth. In general, imports showed a deep setback. The growth pace was the most rapid in 2020 when imports increased by 15%. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cocoa; paste; whether or not defatteds contracted sharply to $3.7M in 2022. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. As a result, imports attained the peak of $8.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Cocoa; Paste; Whether or Not Defatted in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	3,459	4,262	2,224	2,074	-15.7%
Singapore	845	1,064	1,062	980	5.1%
Netherlands	327	1,163	1,225	322	-0.5%
Germany	737	1,248	596	118	-45.7%
France	177	147	76.8	90.7	-20.0%
United Arab Emirates	56.3	67.8	64.7	65.5	5.2%
Malaysia	101	102	81.4	60.1	-15.9%
Others	0.1	69.8	21.8	0.1	0.0%
Total	5,702	8,125	5,351	3,710	-13.3%

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

Turkey (505.8 tons)
Singapore (263.7 tons)
Netherlands (82.7 tons)
Malaysia (76.7 tons)
Germany (26.6 tons)
France (21.2 tons)
United Arab Emirates (16.2 tons)

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

After two years of decline, shipments abroad of cocoa; paste; whether or not defatteds decreased by 0% to 68 kg in 2022. In general, exports faced a significant decline. The smallest decline of 99.9% was in 2020.

In value terms, exports of cocoa; paste; whether or not defatteds stood at $252 in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The smallest decline of 99.9% was in 2020.