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

Contents:

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

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

The average export price for cocoa; paste; whether or not defatteds stood at $3,664 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price recorded a mild reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 13%. The export price peaked at $4,048 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($4,178 per ton), while the average price for exports to the United States ($2,609 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $2,795 per ton, surging by 22% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. The import price peaked at $3,757 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Singapore ($3,802 per ton), while the price for Indonesia ($2,454 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 (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of cocoa; paste; whether or not defatteds from Malaysia reached 38K tons, picking up by 3.9% on 2021 figures. Overall, exports, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year.

In value terms, exports of cocoa; paste; whether or not defatteds amounted to $140M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore37.032.035.933.3-3.5%
Japan24.914.523.122.8-2.9%
China14.18.319.718.59.5%
Australia11.310.317.215.210.4%
Indonesia3.44.97.014.060.3%
South Korea5.95.99.38.211.6%
Thailand5.95.36.25.6-1.7%
United States8.35.52.84.6-17.9%
Turkey9.511.36.22.3-37.7%
Brazil4.53.20.20.3-59.5%
Others11.06.57.514.69.9%
Total1361071351401.0%

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

  1. Singapore (8.6K tons)
  2. Japan (5.7K tons)
  3. Indonesia (5.3K tons)
  4. China (5.2K tons)
  5. Australia (3.6K tons)
  6. South Korea (2.0K tons)
  7. United States (1.8K tons)
  8. Thailand (1.5K tons)
  9. Turkey (0.5K tons)
  10. Brazil (0.2K tons)

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

In 2022, approx. 25K tons of cocoa; paste; whether or not defatteds were imported into Malaysia; falling by -31.1% on the previous year's figure. In general, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year.

In value terms, imports of cocoa; paste; whether or not defatteds declined notably to $71M in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year.

Import of Cocoa; Paste; Whether or Not Defatted in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia70.633.140.230.0-24.8%
Ghana11.29.518.212.84.6%
Singapore7.86.810.012.717.6%
Netherlands0.51.31.44.8112.5%
Cote d'Ivoire0.40.66.14.2119.0%
Cameroon2.21.86.13.112.1%
EcuadorN/AN/AN/A1.70%
Germany1.70.5N/AN/A-70.6%
Others5.02.32.81.8-28.9%
Total99.455.984.771.0-10.6%

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

  1. Indonesia (12.2K tons)
  2. Ghana (4.1K tons)
  3. Singapore (3.3K tons)
  4. Netherlands (1.8K tons)
  5. Cote d'Ivoire (1.4K tons)
  6. Cameroon (1.2K tons)
  7. Ecuador (0.7K tons)

Source: IndexBox Market Intelligence Platform

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