Price for Cocoa; Paste, Wholly or Partly Defatted in the United States - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in the United States (CIF) - 2023
- Price for Cocoa; Paste, Wholly or Partly Defatted in the United States (FOB) - 2023
- Imports of Cocoa; Paste, Wholly or Partly Defatted in the United States
- Exports of Cocoa; Paste, Wholly or Partly Defatted in the United States
Price for Cocoa; Paste, Wholly or Partly Defatted in the United States (CIF) - 2023
In December 2023, the average import price for cocoa; paste, wholly or partly defatted amounted to $2,925 per ton, picking up by 5.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 6.1% against the previous month. Over the period under review, average import prices reached the maximum at $3,054 per ton in September 2023; however, from October 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Cote d'Ivoire ($3,017 per ton) and Ghana ($2,626 per ton), while the price for Indonesia ($2,506 per ton) and Cameroon ($2,621 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Wholly or Partly Defatted in the United States (FOB) - 2023
In December 2023, the average export price for cocoa; paste, wholly or partly defatted amounted to $1,178 per ton, shrinking by -42.5% against the previous month. Over the period under review, the export price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in April 2023 an increase of 95% m-o-m. As a result, the export price reached the peak level of $2,493 per ton. From May 2023 to December 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($2,310 per ton), while the average price for exports to Brazil amounted to $1,131 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cocoa; Paste, Wholly or Partly Defatted in the United States
In 2022, approx. 82K tons of cocoa; paste, wholly or partly defatted were imported into the United States; increasing by 47% compared with the previous year. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2020 indices. 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 skyrocketed to $207M in 2022. In general, imports showed significant growth. 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 United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 52.6 | 61.9 | 68.8 | 96.2 | 22.3% |
Ghana | 7.4 | 6.3 | 18.2 | 45.8 | 83.6% |
Cameroon | 19.6 | 19.3 | 20.4 | 30.2 | 15.5% |
Indonesia | 20.9 | 12.7 | 9.0 | 23.2 | 3.5% |
Malaysia | 10.2 | 5.8 | 1.8 | 4.7 | -22.8% |
Germany | N/A | 0.3 | 7.7 | 4.2 | 274.2% |
Others | 2.4 | 1.4 | 2.6 | 2.6 | 2.7% |
Total | 113 | 108 | 128 | 207 | 22.4% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to the United States in 2022:
- Cote d'Ivoire (37.8K tons)
- Ghana (17.1K tons)
- Cameroon (13.4K tons)
- Indonesia (9.9K tons)
- Malaysia (1.7K tons)
- Germany (1.7K tons)
Exports of Cocoa; Paste, Wholly or Partly Defatted in the United States
In 2022, exports of cocoa; paste, wholly or partly defatted from the United States dropped rapidly to 952 tons, waning by -57.1% on the previous year. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by 11% against the previous year.
In value terms, exports of cocoa; paste, wholly or partly defatted contracted significantly to $1.9M in 2022. Overall, exports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year.
Export of Cocoa; Paste, Wholly or Partly Defatted in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 1,143 | 1,132 | 1,333 | 1,451 | 8.3% |
Canada | 307 | 127 | 168 | 245 | -7.2% |
Estonia | N/A | N/A | 123 | 75.8 | -38.4% |
Spain | 1,719 | N/A | 129 | 71.5 | -65.4% |
Mexico | 1,976 | 2,502 | 2,861 | 40.7 | -72.6% |
Russia | 807 | N/A | N/A | N/A | 0% |
Malaysia | 409 | 20.9 | 35.1 | N/A | -70.7% |
Others | 252 | 188 | 94.2 | 12.0 | -63.8% |
Total | 6,614 | 3,971 | 4,743 | 1,896 | -34.1% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from the United States in 2022:
- Brazil (664.9 tons)
- Canada (184.4 tons)
- Estonia (49.9 tons)
- Spain (31.0 tons)
- Mexico (16.7 tons)
This report provides an in-depth analysis of the cocoa paste market in the U.S..
This report provides an in-depth analysis of the global cocoa paste market.
This report provides an in-depth analysis of the cocoa paste market in the U.S..
This report provides an in-depth analysis of the global cocoa paste market.
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