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

Contents:

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

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

In 2022, the average export price for cocoa; shells, husks, skins and other cocoa wastes amounted to $226 per ton, declining by -11.5% against the previous year. Over the period under review, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of 143% against the previous year. As a result, the export price reached the peak level of $641 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($445 per ton), while the average price for exports to Ukraine ($200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-2.4%), while the prices for the other major destinations experienced a decline.

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

The average import price for cocoa; shells, husks, skins and other cocoa wastes stood at $356 per ton in 2022, rising by 4.7% against the previous year. Over the period under review, the import price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 64%. The import price peaked at $2,197 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +6.0% per year.

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

In 2022, exports of cocoa; shells, husks, skins and other cocoa wastes from Russia soared to 680 tons, rising by 82% compared with the year before. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes soared to $154K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Ukraine (605.7 tons)
2. Belarus (58.7 tons)
3. Kazakhstan (15.4 tons)

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

For the fourth year in a row, Russia recorded growth in supplies from abroad of cocoa; shells, husks, skins and other cocoa wastes, which increased by 3.2% to 275 tons in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 750%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes stood at $98K in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 1,214%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Ghana (274.8 tons)

Source: IndexBox Market Intelligence Platform