Price for Cocoa; Paste; Whether or Not Defatted in Portugal - 2023
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Portugal (CIF) - 2023
- Price for Cocoa; Paste; Whether or Not Defatted in Portugal (FOB) - 2022
- Imports of Cocoa; Paste; Whether or Not Defatted in Portugal
- Exports of Cocoa; Paste; Whether or Not Defatted in Portugal
Price for Cocoa; Paste; Whether or Not Defatted in Portugal (CIF) - 2023
The average import price for cocoa; paste; whether or not defatteds stood at $4,247 per ton in October 2023, growing by 5.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in August 2023 when the average import price increased by 18% month-to-month. Over the period under review, average import prices hit record highs at $4,350 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($4,355 per ton), while the price for Spain totaled $4,242 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ghana (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste; Whether or Not Defatted in Portugal (FOB) - 2022
The average export price for cocoa; paste; whether or not defatteds stood at $7,402 per ton in 2022, increasing by 11% against the previous year. In general, the export price enjoyed a mild increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 165%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($9,657 per ton), while the average price for exports to Spain stood at $7,398 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+4.9%).
Imports of Cocoa; Paste; Whether or Not Defatted in Portugal
In 2022, approx. 3.4K tons of cocoa; paste; whether or not defatteds were imported into Portugal; increasing by 132% against the year before. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cocoa; paste; whether or not defatteds skyrocketed to $11M in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cocoa; Paste; Whether or Not Defatted in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 3.8 | 1.7 | 5.1 | 5.8 | 15.1% |
| Ghana | 1.1 | 4.1 | N/A | 3.1 | 41.3% |
| Spain | N/A | N/A | N/A | 2.2 | 0% |
| Italy | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 4.9 | 5.9 | 5.3 | 11.3 | 32.1% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Portugal in 2022:
- Cote d'Ivoire (1782.0 tons)
- Ghana (980.0 tons)
- Spain (577.4 tons)
- Italy (53.7 tons)
Exports of Cocoa; Paste; Whether or Not Defatted in Portugal
In 2022, the amount of cocoa; paste; whether or not defatteds exported from Portugal soared to 73 tons, rising by 1,997% on the year before. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa; paste; whether or not defatteds surged to $537K in 2022. Over the period under review, exports enjoyed a significant increase. 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.3 | 0.7 | 1.7 | 504 | 629.2% |
| Angola | 11.1 | 8.8 | 14.9 | 27.1 | 34.7% |
| Sao Tome and Principe | 1.8 | 1.6 | 1.9 | 2.3 | 8.5% |
| Cabo Verde | 2.5 | 0.6 | 2.0 | 1.2 | -21.7% |
| Others | 1.0 | 1.3 | 2.5 | 2.9 | 42.6% |
| Total | 17.7 | 13.1 | 23.0 | 537 | 211.9% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Portugal in 2022:
- Spain (68.1 tons)
- Angola (2.8 tons)
- Sao Tome and Principe (0.7 tons)
- Cabo Verde (0.2 tons)
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This report provides an in-depth analysis of the cocoa paste market in Portugal.
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This report provides an in-depth analysis of the cocoa paste market in Portugal.
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