Price for Cocoa; Paste, Wholly or Partly Defatted in Jordan - 2022

Price for Cocoa; Paste, Wholly or Partly Defatted in Jordan (CIF) - 2022

The average import price for cocoa; paste, wholly or partly defatted stood at $2,448 per ton in 2022, growing by 13% against the previous year. Overall, the import price, however, saw a deep reduction. The import price peaked at $4,765 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($2,448 per ton), while the price for the Netherlands amounted to $2,448 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.5%), while the prices for the other major suppliers experienced a decline.

Price for Cocoa; Paste, Wholly or Partly Defatted in Jordan (FOB) - 2022

The average export price for cocoa; paste, wholly or partly defatted stood at $2,443 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 93% against the previous year. The export price peaked at $4,494 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to -0.4% per year.

Imports of Cocoa; Paste, Wholly or Partly Defatted in Jordan

Imports of cocoa; paste, wholly or partly defatted into Jordan fell notably to 108 tons in 2022, with a decrease of -72.8% against the previous year. In general, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2021 when imports increased by 160%. As a result, imports reached the peak of 395 tons, and then declined significantly in the following year.

In value terms, imports of cocoa; paste, wholly or partly defatted shrank sharply to $264K in 2022. Overall, imports recorded a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 116%. As a result, imports reached the peak of $859K, and then shrank dramatically in the following year.

Import of Cocoa; Paste, Wholly or Partly Defatted in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	157	59.6	318	212	10.5%
Netherlands	116	38.0	331	51.6	-23.7%
Cote d'Ivoire	321	291	196	N/A	-21.9%
Colombia	211	N/A	N/A	N/A	0%
Others	10.5	8.0	14.0	N/A	15.5%
Total	815	397	859	264	-31.3%

Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Jordan in 2022:

Spain (86.6 tons)
Netherlands (21.1 tons)

Exports of Cocoa; Paste, Wholly or Partly Defatted in Jordan

In 2022, after three years of growth, there was significant decline in overseas shipments of cocoa; paste, wholly or partly defatted, when their volume decreased by -13.8% to 33 tons. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of 38 tons, and then reduced in the following year.

In value terms, exports of cocoa; paste, wholly or partly defatted amounted to $80K in 2022. In general, exports recorded a relatively flat trend pattern.