Price for Cocoa; Paste, Wholly or Partly Defatted in the Netherlands - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in the Netherlands (CIF) - 2023
- Price for Cocoa; Paste, Wholly or Partly Defatted in the Netherlands (FOB) - 2023
- Imports of Cocoa; Paste, Wholly or Partly Defatted in the Netherlands
- Exports of Cocoa; Paste, Wholly or Partly Defatted in the Netherlands
Price for Cocoa; Paste, Wholly or Partly Defatted in the Netherlands (CIF) - 2023
The average import price for cocoa; paste, wholly or partly defatted stood at $3,400 per ton in October 2023, reducing by -6.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in May 2023 an increase of 17% month-to-month. The import price peaked at $3,709 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Cote d'Ivoire ($3,410 per ton), while the price for Cameroon amounted to $2,908 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+2.6%).
Price for Cocoa; Paste, Wholly or Partly Defatted in the Netherlands (FOB) - 2023
In October 2023, the average export price for cocoa; paste, wholly or partly defatted amounted to $2,196 per ton, falling by -19% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 20% m-o-m. The export price peaked at $2,730 per ton in July 2023; however, from August 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Indonesia ($3,510 per ton), while the average price for exports to China ($795 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste, Wholly or Partly Defatted in the Netherlands
In 2022, the amount of cocoa; paste, wholly or partly defatted imported into the Netherlands surged to 38K tons, rising by 101% compared with 2021. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cocoa; paste, wholly or partly defatted surged to $102M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cocoa; Paste, Wholly or Partly Defatted in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 15.4 | 15.4 | 38.9 | 86.1 | 77.5% |
| Cameroon | N/A | 1.2 | 0.8 | 6.7 | 136.3% |
| Germany | 4.3 | 2.0 | 1.6 | 4.3 | 0.0% |
| Nigeria | 2.6 | 0.2 | 1.5 | 1.4 | -18.6% |
| Ghana | 1.5 | 1.5 | 1.6 | 0.9 | -15.7% |
| Others | 0.8 | 1.1 | 1.5 | 2.8 | 51.8% |
| Total | 24.6 | 21.5 | 46.0 | 102 | 60.7% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to the Netherlands in 2022:
- Cote d'Ivoire (31.0K tons)
- Cameroon (2.8K tons)
- Germany (1.9K tons)
- Nigeria (0.6K tons)
- Ghana (0.4K tons)
Exports of Cocoa; Paste, Wholly or Partly Defatted in the Netherlands
For the fourth consecutive year, the Netherlands recorded growth in shipments abroad of cocoa; paste, wholly or partly defatted, which increased by 15% to 13K tons in 2022. The total export volume increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of cocoa; paste, wholly or partly defatted stood at $24M in 2022. The total export value increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 23% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Cocoa; Paste, Wholly or Partly Defatted in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.7 | 3.3 | 5.7 | 6.7 | 58.0% |
| Singapore | 11.4 | 9.7 | 8.6 | 4.5 | -26.6% |
| Uruguay | N/A | 0.2 | 0.5 | 3.0 | 287.3% |
| Brazil | 0.1 | 3.3 | 0.7 | 2.9 | 207.2% |
| Spain | 3.1 | N/A | 1.2 | 1.8 | -16.6% |
| Serbia | 0.8 | 0.7 | 2.6 | 1.2 | 14.5% |
| Bulgaria | N/A | 0.2 | 0.3 | 1.0 | 123.6% |
| France | N/A | 0.1 | 0.7 | 0.6 | 144.9% |
| Czech Republic | 0.4 | 0.7 | 0.8 | 0.4 | 0.0% |
| Others | 0.7 | 1.5 | 3.2 | 2.2 | 46.5% |
| Total | 18.2 | 19.7 | 24.2 | 24.3 | 10.1% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from the Netherlands in 2022:
- Uruguay (4.0K tons)
- Germany (2.7K tons)
- Singapore (1.5K tons)
- Brazil (1.2K tons)
- Spain (1.0K tons)
- France (0.6K tons)
- Bulgaria (0.6K tons)
- Serbia (0.5K tons)
- Czech Republic (0.2K tons)
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This report provides an in-depth analysis of the cocoa paste market in the Netherlands.
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This report provides an in-depth analysis of the cocoa paste market in the Netherlands.
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This report provides an in-depth analysis of the global cocoa paste market.
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Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
