Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia - 2022

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia (FOB) - 2022
2. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia (CIF) - 2022
3. Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia
4. Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia (FOB) - 2022

In 2022, the average export price for cocoa; shells, husks, skins and other cocoa wastes amounted to $124 per ton, waning by -22.9% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 16% against the previous year. The export price peaked at $378 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($144 per ton) and South Korea ($138 per ton), while the average price for exports to the Philippines ($100 per ton) and Malaysia ($121 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia (CIF) - 2022

The average import price for cocoa; shells, husks, skins and other cocoa wastes stood at $123 per ton in 2022, falling by -94.4% against the previous year. Over the period under review, the import price recorded a dramatic setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 114% against the previous year. The import price peaked at $2,894 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -3.2% per year.

Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia

In 2022, overseas shipments of cocoa; shells, husks, skins and other cocoa wastes decreased by -22.1% to 4.3K tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 63%. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes contracted sharply to $530K in 2022. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 1.8% against the previous year. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Cocoa; Shells, Husks, Skins and Other Cocoa Waste from Indonesia in 2022:

1. South Korea (1176.0 tons)
2. Malaysia (1168.5 tons)
3. Philippines (1144.2 tons)
4. China (702.1 tons)
5. Singapore (78.0 tons)

Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Indonesia

Imports of cocoa; shells, husks, skins and other cocoa wastes into Indonesia reduced sharply to 78 tons in 2022, with a decrease of -96.6% against 2021 figures. Over the period under review, imports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2021 with an increase of 111%.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes reduced dramatically to $9.6K in 2022. In general, imports recorded a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 352%.

Top Suppliers of Cocoa; Shells, Husks, Skins and Other Cocoa Waste to Indonesia in 2022:

1. Malaysia (78.0 tons)

Source: IndexBox Market Intelligence Platform