Price for Cocoa; Paste; Whether or Not Defatted in the United Arab Emirates - 2022

Contents:

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

Price for Cocoa; Paste; Whether or Not Defatted in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $3,802 per ton, leveling off at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 16% against the previous year. The import price peaked at $4,227 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Germany ($6,987 per ton), while the price for Poland ($2,827 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Paste; Whether or Not Defatted in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $2,345 per ton, declining by -42.7% against the previous year. Overall, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 72% against the previous year. Over the period under review, the average export prices hit record highs at $4,473 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($4,805 per ton), while the average price for exports to Somalia ($1,262 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 Saudi Arabia (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cocoa; Paste; Whether or Not Defatted in the United Arab Emirates

In 2022, the amount of cocoa; paste; whether or not defatteds imported into the United Arab Emirates soared to 7.6K tons, rising by 66% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. 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 $29M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ghana3.7N/AN/A12.248.8%
Cote d'Ivoire6.04.74.77.26.3%
Turkey0.1N/AN/A2.4188.4%
Malaysia0.50.22.62.058.7%
GermanyN/AN/AN/A1.60%
PolandN/AN/AN/A1.50%
Netherlands6.810.32.50.9-49.0%
Spain0.40.61.10.40.0%
Others8.111.16.60.8-53.8%
Total25.526.817.629.04.4%

Top Suppliers of Cocoa; Paste; Whether or Not Defatted to the United Arab Emirates in 2022:

  1. Ghana (3259.6 tons)
  2. Cote d'Ivoire (1904.2 tons)
  3. Turkey (618.9 tons)
  4. Poland (537.4 tons)
  5. Malaysia (522.3 tons)
  6. Netherlands (262.0 tons)
  7. Germany (223.0 tons)
  8. Spain (107.5 tons)

Exports of Cocoa; Paste; Whether or Not Defatted in the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in overseas shipments of cocoa; paste; whether or not defatteds, which increased by 358% to 1.9K tons in 2022. Overall, exports posted a significant expansion. 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 $4.5M in 2022. In general, exports recorded significant growth. 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 the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SomaliaN/AN/AN/A1,1990%
Saudi ArabiaN/AN/AN/A7670%
IndiaN/AN/AN/A6120%
IraqN/AN/AN/A4770%
PakistanN/AN/AN/A3250%
SudanN/AN/AN/A2380%
GermanyN/AN/AN/A1290%
Iran1,3371,4431,16794.2-58.7%
FinlandN/AN/A517N/A0%
Others10.484.723.8639294.6%
Total1,3471,5271,7074,47949.3%

Top Export Markets for Cocoa; Paste; Whether or Not Defatted from the United Arab Emirates in 2022:

  1. Somalia (950.0 tons)
  2. Iraq (244.2 tons)
  3. Saudi Arabia (180.9 tons)
  4. India (177.0 tons)
  5. Pakistan (85.5 tons)
  6. Sudan (49.5 tons)
  7. Germany (47.4 tons)
  8. Iran (25.4 tons)

Source: IndexBox Market Intelligence Platform

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