Price for Cocoa; Paste, Wholly or Partly Defatted in Australia - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Australia (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Australia (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Australia
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Australia
Price for Cocoa; Paste, Wholly or Partly Defatted in Australia (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $5,983 per ton, surging by 12% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cocoa; paste, wholly or partly defatted decreased by -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 51% against the previous year. The import price peaked at $6,201 per ton in 2020; however, from 2021 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 Italy ($13,190 per ton), while the price for Cote d'Ivoire ($4,786 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Wholly or Partly Defatted in Australia (FOB) - 2022
In 2022, the average export price for cocoa; paste, wholly or partly defatted amounted to $3,127 per ton, with an increase of 5.5% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2020 when the average export price increased by 62% against the previous year. The export price peaked at $4,221 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +7.6% per year.
Imports of Cocoa; Paste, Wholly or Partly Defatted in Australia
In 2022, approx. 58 tons of cocoa; paste, wholly or partly defatted were imported into Australia; growing by 165% on 2021. Over the period under review, imports, however, faced a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 180%.
In value terms, imports of cocoa; paste, wholly or partly defatted soared to $346K in 2022. Overall, imports, however, continue to indicate a deep downturn.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | N/A | N/A | 71.3 | 172 | 141.2% |
| Peru | 163 | 39.9 | 42.0 | 148 | -3.2% |
| Italy | N/A | 2.0 | N/A | 15.2 | 175.7% |
| Indonesia | 39.0 | N/A | 3.2 | 10.5 | -35.4% |
| Singapore | 449 | N/A | N/A | N/A | 0% |
| Others | 5.7 | 6.5 | N/A | N/A | 14.0% |
| Total | 657 | 48.4 | 117 | 346 | -19.2% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Australia in 2022:
- Cote d'Ivoire (36.0 tons)
- Peru (20.1 tons)
- Italy (1.2 tons)
- Indonesia (0.6 tons)
Exports of Cocoa; Paste, Wholly or Partly Defatted in Australia
In 2022, exports of cocoa; paste, wholly or partly defatted from Australia soared to 20 tons, increasing by 127% on 2021. Overall, exports, however, faced a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 300%.
In value terms, exports of cocoa; paste, wholly or partly defatted soared to $63K in 2022. Over the period under review, exports, however, showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 216% against the previous year.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.2 | 0.4 | N/A | 62.7 | 579.3% |
| Malaysia | 255 | 5.2 | 10.5 | N/A | -79.7% |
| Others | 0.2 | 2.7 | 15.7 | N/A | 786.0% |
| Total | 256 | 8.3 | 26.2 | 62.7 | -37.4% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Australia in 2022:
- Singapore (11.7 tons)
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