Price for Cocoa; Paste, Wholly or Partly Defatted in Finland - 2022
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Finland (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Finland (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Finland
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Finland
Price for Cocoa; Paste, Wholly or Partly Defatted in Finland (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $17,400 per ton, standing approx. at the previous year. In general, the import price posted a resilient increase. The growth pace was the most rapid in 2018 when the average import price increased by 45% against the previous year. The import price peaked at $52,441 per ton in 2016; however, from 2017 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 the UK ($20,667 per ton), while the price for India amounted to $12,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.2%).
Price for Cocoa; Paste, Wholly or Partly Defatted in Finland (FOB) - 2022
The average export price for cocoa; paste, wholly or partly defatted stood at $2,000 per ton in 2022, reducing by -96.1% against the previous year. Overall, the export price faced a sharp decline. The growth pace was the most rapid in 2017 a decrease of -43.8%. Over the period under review, the average export prices attained the maximum at $51,667 per ton in 2021, and then plummeted in the following year.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2016 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +36.8% per year.
Imports of Cocoa; Paste, Wholly or Partly Defatted in Finland
In 2022, the amount of cocoa; paste, wholly or partly defatted imported into Finland amounted to 5 kg, approximately reflecting 2021 figures. In general, imports continue to indicate a sharp descent. The smallest decline of -84.2% was in 2020.
In value terms, imports of cocoa; paste, wholly or partly defatted stood at $87 in 2022. Over the period under review, imports saw a sharp shrinkage. The smallest decline of -83% was in 2020.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Finland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 62.0 | 0% |
| India | N/A | N/A | N/A | 25.0 | 0% |
| Singapore | 129 | N/A | N/A | N/A | 0% |
| Romania | 1,942 | 354 | N/A | N/A | -81.8% |
| Ghana | 105 | N/A | N/A | N/A | 0% |
| Others | N/A | 17.0 | N/A | N/A | 0% |
| Total | 2,176 | 371 | N/A | 87.0 | -65.8% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Finland in 2022:
- United Kingdom (3.0 kg)
- India (2.0 kg)
Exports of Cocoa; Paste, Wholly or Partly Defatted in Finland
Exports of cocoa; paste, wholly or partly defatted from Finland soared to 4 kg in 2022, picking up by 33% compared with 2021. The total export volume increased at an average annual rate of +33.3% over the period from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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, wholly or partly defatted dropped sharply to $8 in 2022. Overall, exports, however, faced a significant curtailment.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Finland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Russia | N/A | 8.0 | 0% | ||
| Netherlands | 153 | N/A | 0% | ||
| Switzerland | 2.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 155 | 8.0 | -94.8% | ||
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Finland in 2022:
- Russia (4.0 kg)
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This report provides an in-depth analysis of the cocoa paste market in Finland.
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This report provides an in-depth analysis of the cocoa paste market in Finland.
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