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

Contents:

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

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

In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $3,538 per ton, growing by 2.7% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 27%. As a result, import price reached the peak level of $4,774 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ghana ($3,715 per ton) and Cote d'Ivoire ($3,715 per ton), while the price for Spain ($3,348 per ton) and the Netherlands ($3,494 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-0.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cocoa; paste; whether or not defatteds stood at $2,087 per ton in 2022, stabilizing at the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices reached the maximum at $4,321 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($2,713 per ton), while the average price for exports to Yemen amounted to $338 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-4.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Jordan fell dramatically to 991 tons, with a decrease of -30.1% compared with the previous year. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, imports reached the peak of 1.4K tons, and then fell sharply in the following year.

In value terms, imports of cocoa; paste; whether or not defatteds fell significantly to $3.5M in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 129%. As a result, imports reached the peak of $4.9M, and then fell significantly in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain2593965601,28570.6%
Ghana5064111,0651,16632.1%
Netherlands5051662525412.3%
Cote d'Ivoire3513084814428.0%
Malaysia20.226.547.170.851.9%
United Kingdom18.218.118.4N/A0.5%
Others1,1618102,462N/A45.6%
Total2,8222,1364,8853,5057.5%

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

  1. Spain (383.8 tons)
  2. Ghana (314.0 tons)
  3. Netherlands (154.9 tons)
  4. Cote d'Ivoire (118.9 tons)
  5. Malaysia (19.1 tons)

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

For the fourth year in a row, Jordan recorded growth in shipments abroad of cocoa; paste; whether or not defatteds, which increased by 0.5% to 38 tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of cocoa; paste; whether or not defatteds totaled $79K in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 59%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones75.929.673.376.10.1%
Yemen3.11.23.23.43.1%
NetherlandsN/A18.8N/AN/A0%
OthersN/AN/A2.6N/A0%
Total79.049.679.179.50.2%

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

  1. Free Zones (28.0 tons)
  2. Yemen (10.0 tons)

Source: IndexBox Market Intelligence Platform

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