Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in the UK - 2023

Contents:

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

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

In 2022, the average import price for cocoa; shells, husks, skins and other cocoa wastes amounted to $556 per ton, growing by 37% against the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 85% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($1,148 per ton), while the price for the Netherlands ($321 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cocoa; shells, husks, skins and other cocoa wastes amounted to $284 per ton, reducing by -29.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2015 when the average export price increased by 314% against the previous year. As a result, the export price reached the peak level of $3,736 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($742 per ton), while the average price for exports to the Netherlands amounted to $253 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+9.6%), while the prices for the other major destinations experienced a decline.

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

After three years of growth, overseas purchases of cocoa; shells, husks, skins and other cocoa wastes decreased by -55.6% to 813 tons in 2022. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes shrank significantly to $452K in 2022. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 130%. As a result, imports reached the peak of $868K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Netherlands (656.4 tons)
2. Sri Lanka (97.3 tons)
3. India (24.3 tons)
4. Cote d'Ivoire (15.3 tons)

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

In 2022, approx. 248 tons of cocoa; shells, husks, skins and other cocoa wastes were exported from the UK; picking up by 265% on 2021 figures. In general, exports continue to indicate a resilient increase.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes soared to $70K in 2022. Over the period under review, exports, however, recorded a deep reduction.

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

1. Netherlands (233.8 tons)
2. Ireland (11.9 tons)

Source: IndexBox Market Intelligence Platform