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

Contents:

  1. Price for Cocoa; Paste, Wholly or Partly Defatted in Tanzania (CIF) - 2022
  2. Imports of Cocoa; Paste, Wholly or Partly Defatted in Tanzania

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

In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $6,011 per ton, falling by -19.9% against the previous year. Over the period under review, the import price, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $8,261 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($9,220 per ton), while the price for Malaysia amounted to $2,340 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+27.1%).

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

In 2022, purchases abroad of cocoa; paste, wholly or partly defatted decreased by -25.2% to 1.7 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 2,273% against the previous year.

In value terms, imports of cocoa; paste, wholly or partly defatted shrank markedly to $10K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,757% against the previous year.

Import of Cocoa; Paste, Wholly or Partly Defatted in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/A1.18.78.4176.3%
Malaysia0.22.32.41.9111.8%
South AfricaN/AN/A5.9N/A0%
OthersN/AN/AN/AN/A0%
Total0.23.417.110.2270.8%

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

  1. United Arab Emirates (906.0 kg)
  2. Malaysia (792.0 kg)

Source: IndexBox Market Intelligence Platform

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