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

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

In 2022, the average import price for cocoa; shells, husks, skins and other cocoa wastes amounted to $311 per ton, dropping by -48.6% against the previous year. In general, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2018 an increase of 43% against the previous year. Over the period under review, average import prices attained the peak figure at $776 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Ghana amounted to +24.1% per year.

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

For the fourth consecutive year, Uruguay recorded growth in purchases abroad of cocoa; shells, husks, skins and other cocoa wastes, which increased by 137% to 515 tons in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 265% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes surged to $160K in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 210%. Imports peaked in 2022 and are expected to retain growth in the near future.