Price for Cocoa; Paste, Wholly or Partly Defatted in Hungary - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Hungary (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Hungary (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Hungary
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Hungary
Price for Cocoa; Paste, Wholly or Partly Defatted in Hungary (CIF) - 2022
The average import price for cocoa; paste, wholly or partly defatted stood at $4,009 per ton in 2022, rising by 125% against the previous year. In general, the import price, however, showed a noticeable decline. Over the period under review, average import prices reached the peak figure at $5,289 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2016 to 2022, the rate of growth in terms of prices for Romania amounted to +4.5% per year.
Price for Cocoa; Paste, Wholly or Partly Defatted in Hungary (FOB) - 2022
The average export price for cocoa; paste, wholly or partly defatted stood at $2,306 per ton in 2022, growing by 29% against the previous year. Over the period under review, export price indicated significant growth from 2020 to 2022: its price increased at an average annual rate of +22.7% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cocoa; paste, wholly or partly defatted increased by +50.5% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,308 per ton), while the average price for exports to Romania totaled $2,094 per ton.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+22.7%).
Imports of Cocoa; Paste, Wholly or Partly Defatted in Hungary
In 2022, supplies from abroad of cocoa; paste, wholly or partly defatted decreased by -96.9% to 8 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 173% against the previous year. As a result, imports attained the peak of 355 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cocoa; paste, wholly or partly defatted shrank sharply to $32K in 2022. Overall, imports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 286% against the previous year. As a result, imports reached the peak of $617K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 32.1 | 0% |
| Netherlands | 160 | 17.4 | 14.9 | N/A | -69.5% |
| Romania | N/A | 599 | 447 | N/A | -25.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 160 | 617 | 462 | 32.1 | -41.5% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Hungary in 2022:
- Spain (8.0 tons)
Exports of Cocoa; Paste, Wholly or Partly Defatted in Hungary
In 2022, approx. 201 tons of cocoa; paste, wholly or partly defatted were exported from Hungary; with a decrease of -22.2% on the previous year's figure. Over the period under review, exports recorded a dramatic contraction.
In value terms, exports of cocoa; paste, wholly or partly defatted totaled $465K in 2022. Overall, exports continue to indicate a drastic downturn.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | 525 | 101 | 460 | -6.4% | |
| Romania | N/A | 361 | 4.1 | -98.9% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 525 | 462 | 465 | -5.9% | |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Hungary in 2022:
- Netherlands (199.5 tons)
- Romania (2.0 tons)
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This report provides an in-depth analysis of the cocoa paste market in Hungary.
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This report provides an in-depth analysis of the cocoa paste market in Hungary.
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This report provides an in-depth analysis of the global cocoa paste market.
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In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
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In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
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