Price for Cocoa; Paste; Whether or Not Defatted in Sri Lanka - 2022
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Sri Lanka (CIF) - 2022
- Price for Cocoa; Paste; Whether or Not Defatted in Sri Lanka (FOB) - 2022
- Imports of Cocoa; Paste; Whether or Not Defatted in Sri Lanka
- Exports of Cocoa; Paste; Whether or Not Defatted in Sri Lanka
Price for Cocoa; Paste; Whether or Not Defatted in Sri Lanka (CIF) - 2022
In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $4,592 per ton, jumping by 79% against the previous year. Overall, the import price recorded a temperate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Cote d'Ivoire ($5,451 per ton), while the price for Indonesia ($1,827 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa; Paste; Whether or Not Defatted in Sri Lanka (FOB) - 2022
In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $5,710 per ton, picking up by 11% against the previous year. Over the period under review, the export price posted a modest increase. The most prominent rate of growth was recorded in 2021 an increase of 41%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($11,292 per ton), while the average price for exports to Japan ($5,051 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 China (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste; Whether or Not Defatted in Sri Lanka
Imports of cocoa; paste; whether or not defatteds into Sri Lanka shrank markedly to 302 tons in 2022, with a decrease of -58.2% compared with the previous year's figure. Over the period under review, imports faced a significant contraction. The smallest decline of -32.4% was in 2020.
In value terms, imports of cocoa; paste; whether or not defatteds contracted sharply to $1.4M in 2022. In general, imports faced a sharp curtailment. The smallest decline of -14.5% was in 2020.
| Import of Cocoa; Paste; Whether or Not Defatted in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 825 | 1,095 | 760 | 798 | -1.1% |
| Malaysia | 1,168 | 1,097 | 507 | 306 | -36.0% |
| Cote d'Ivoire | N/A | N/A | 90.1 | 202 | 124.2% |
| Indonesia | 4.3 | 4.1 | 2.0 | 78.9 | 163.8% |
| China | 442 | 513 | 368 | N/A | -8.8% |
| Ghana | 954 | N/A | N/A | N/A | 0% |
| Others | 68.9 | 251 | 121 | 2.4 | -67.3% |
| Total | 3,462 | 2,960 | 1,848 | 1,387 | -26.3% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Sri Lanka in 2022:
- Singapore (148.3 tons)
- Malaysia (73.1 tons)
- Indonesia (43.2 tons)
- Cote d'Ivoire (37.0 tons)
Exports of Cocoa; Paste; Whether or Not Defatted in Sri Lanka
In 2022, shipments abroad of cocoa; paste; whether or not defatteds was finally on the rise to reach 6.6 tons after two years of decline. Overall, exports, however, saw a perceptible downturn.
In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $38K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Cocoa; Paste; Whether or Not Defatted in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.0 | 2.2 | 26.4 | 31.5 | 215.8% |
| Japan | 1.4 | 1.3 | 4.4 | 4.8 | 50.8% |
| Saudi Arabia | N/A | N/A | N/A | 1.4 | 0% |
| China | 16.4 | 20.5 | N/A | N/A | 25.0% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 19.4 | 24.0 | 30.8 | 37.7 | 24.8% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Sri Lanka in 2022:
- Germany (5.5 tons)
- Japan (1.0 tons)
- Saudi Arabia (0.1 tons)
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This report provides an in-depth analysis of the cocoa paste market in Sri Lanka.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Sri Lanka.
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This report provides an in-depth analysis of the global cocoa paste market.
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