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

Contents:

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

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

The average import price for cocoa; paste; whether or not defatteds stood at $13,636 per ton in 2022, increasing by 11% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 69%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($23,842 per ton), while the price for France ($13,057 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cocoa; paste; whether or not defatteds stood at $21,750 per ton in 2020, surging by 41% against the previous year. Overall, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 50% against the previous year. The export price peaked in 2020 and is expected to retain growth in years to come.

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

From 2012 to 2020, the rate of growth in terms of prices for France amounted to +22.4% per year.

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

In 2022, supplies from abroad of cocoa; paste; whether or not defatteds decreased by -38.5% to 1.4 tons, falling for the second consecutive year after two years of growth. In general, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 7.1% against the previous year. As a result, imports attained the peak of 5.6 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cocoa; paste; whether or not defatteds contracted significantly to $19K in 2022. Overall, imports faced a significant curtailment. The smallest decline of -2.3% was in 2020.

Import of Cocoa; Paste; Whether or Not Defatted in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/A6.99.99.114.8%
France24.26.911.16.6-35.2%
Belgium15.432.62.21.4-55.0%
Switzerland0.61.73.01.329.4%
Spain4.7N/AN/AN/A0%
Others5.40.92.10.8-47.1%
Total50.249.128.219.3-27.3%

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

  1. Netherlands (687.0 kg)
  2. France (508.0 kg)
  3. Switzerland (98.0 kg)
  4. Belgium (94.0 kg)

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

In 2020, exports of cocoa; paste; whether or not defatteds from Luxembourg surged to 12 kg, jumping by 33% against the previous year. The total export volume increased at an average annual rate of +33.3% from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $261 in 2020. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Luxembourg (USD)
COUNTRY20192020CAGR,
2019-2020
AzerbaijanN/A2610%
Belgium139N/A0%
OthersN/AN/A0%
Total13926187.8%

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

  1. Azerbaijan (12.0 kg)

Source: IndexBox Market Intelligence Platform

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