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

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Kuwait (CIF) - 2022
  2. Imports of Cocoa; Paste; Whether or Not Defatted in Kuwait

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

The average import price for cocoa; paste; whether or not defatteds stood at $6,846 per ton in 2022, with an increase of 29% against the previous year. Over the period under review, import price indicated a resilient increase from 2013 to 2022: its price increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cocoa; paste; whether or not defatteds increased by +58.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 80% against the previous year. The import price peaked at $7,885 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($12,477 per ton), while the price for Cote d'Ivoire ($3,715 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Kuwait surged to 53 tons, with an increase of 141% against 2021 figures. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 585%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of cocoa; paste; whether or not defatteds skyrocketed to $361K in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 599% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy3.90.77.6157242.7%
Cote d'Ivoire15.33.130.081.174.4%
Switzerland2.10.69.154.1195.3%
France0.70.10.953.8325.2%
United Kingdom1.30.23.57.276.9%
Belgium57.74.516.46.4-52.0%
Spain13.41.14.11.7-49.8%
Lebanon15.11.78.4N/A-25.4%
Netherlands17.10.30.9N/A-77.1%
Saudi Arabia13.31.57.1N/A-26.9%
United States24.80.716.1N/A-19.4%
Others4.62.012.3N/A63.5%
Total16916.611636128.8%

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

  1. Cote d'Ivoire (21.8 tons)
  2. Italy (12.6 tons)
  3. Switzerland (9.4 tons)
  4. France (5.6 tons)
  5. Belgium (1.7 tons)
  6. United Kingdom (1.2 tons)
  7. Spain (0.5 tons)

Source: IndexBox Market Intelligence Platform

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