Price for Cocoa; Paste; Whether or Not Defatted in Venezuela - 2022

Contents:

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

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

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $3,829 per ton, surging by 113% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The export price peaked at $6,590 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($6,606 per ton), while the average price for exports to Spain ($2,229 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 Peru (+32.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $2,087 per ton, leveling off at the previous year. Over the period under review, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $3,662 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($2,164 per ton), while the price for Ecuador stood at $1,929 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-4.3%).

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

In 2022, approx. 371 tons of cocoa; paste; whether or not defatteds were exported from Venezuela; growing by 1,694% compared with the previous year. In general, exports recorded 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 $1.4M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cocoa; Paste; Whether or Not Defatted in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada8.228.233.61,152419.9%
CyprusN/AN/AN/A1180%
Spain10961.510.066.3-15.3%
Netherlands17.53.62.338.429.9%
Poland0.4135N/AN/A33650.0%
Belarus95.0166N/AN/A74.7%
UkraineN/A52.6N/AN/A0%
Others39.54.84.145.04.4%
Total26945250.01,41974.1%

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

  1. Canada (303.2 tons)
  2. Spain (29.7 tons)
  3. Cyprus (17.8 tons)
  4. Netherlands (9.2 tons)

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

In 2022, approx. 16 tons of cocoa; paste; whether or not defatteds were imported into Venezuela; approximately reflecting the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 100% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cocoa; paste; whether or not defatteds totaled $34K in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 100%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Cocoa; Paste; Whether or Not Defatted in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru6.611.917.723.051.6%
Ecuador4.36.99.110.635.1%
EgyptN/AN/A6.7N/A0%
ItalyN/A3.0N/AN/A0%
OthersN/A0.10.10.241.4%
Total11.021.933.633.845.4%

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

  1. Peru (10.6 tons)
  2. Ecuador (5.5 tons)

Source: IndexBox Market Intelligence Platform

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