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

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

The average import price for cocoa; paste; whether or not defatteds stood at $3,712 per ton in 2022, falling by -5.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 12%. As a result, import price reached the peak level of $4,332 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($3,715 per ton) and Turkey ($3,715 per ton), while the price for Ghana ($2,524 per ton) and Singapore ($3,715 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cocoa; paste; whether or not defatteds stood at $3,889 per ton in 2022, rising by 135% against the previous year. Over the period under review, the export price showed a notable increase. The export price peaked at $4,120 per ton in 2013; however, from 2014 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 Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.9% per year.

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

In 2022, approx. 5.6K tons of cocoa; paste; whether or not defatteds were imported into Israel; increasing by 7.6% on 2021. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.1%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cocoa; paste; whether or not defatteds amounted to $21M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Cocoa; Paste; Whether or Not Defatted in Israel (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	0.1	4.2	0.3	11.5	386.3%
Switzerland	N/A	7.9	N/A	7.0	-5.9%
Turkey	0.2	0.9	N/A	1.1	76.5%
Belgium	0.5	0.4	0.4	0.5	0.0%
Netherlands	N/A	5.2	N/A	0.4	-72.3%
Cote d'Ivoire	13.2	N/A	16.4	N/A	11.5%
Ghana	2.6	1.6	3.0	N/A	7.4%
Others	0.3	0.1	0.4	0.2	-12.6%
Total	16.8	20.4	20.6	20.8	7.4%

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

Singapore (3087.4 tons)
Switzerland (1892.4 tons)
Turkey (300.9 tons)
Belgium (145.1 tons)
Netherlands (117.3 tons)
Ghana (10.3 tons)

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

In 2022, approx. 70 tons of cocoa; paste; whether or not defatteds were exported from Israel; which is down by -8.9% on the previous year's figure. Overall, exports faced a dramatic curtailment.

In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $273K in 2022. Over the period under review, exports continue to indicate a sharp curtailment.