Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore (CIF) - 2022
In September 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $3,241 per ton, dropping by -3.9% against the previous month. Overall, the import price continues to indicate a slight slump. The growth pace was the most rapid in June 2022 an increase of 0.7% against the previous month. Over the period under review, average import prices attained the peak figure at $3,697 per ton in January 2022; however, from February 2022 to September 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the countries with the highest prices were Cote d'Ivoire ($3,464 per ton) and Papua New Guinea ($3,341 per ton), while the price for Ghana ($2,951 per ton) and Nigeria ($3,128 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $8,407 per ton in 2022, jumping by 212% against the previous year. Overall, the export price showed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($32,897 per ton), while the average price for exports to Japan ($1,142 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 Maldives (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore
In 2022, imports of cocoa beans; whole or broken, raw or roasteds into Singapore contracted to 95K tons, approximately equating the year before. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 8.3% against the previous year. As a result, imports attained the peak of 96K tons, leveling off in the following year.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds reduced to $235M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $263M, and then fell in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 107 | 51.1 | 92.1 | 65.5 | -15.1% |
| Indonesia | 43.7 | 53.6 | 41.8 | 42.8 | -0.7% |
| Cote d'Ivoire | 4.4 | 11.2 | 40.8 | 40.3 | 109.2% |
| Cameroon | 34.7 | 53.6 | 35.3 | 26.5 | -8.6% |
| Ecuador | 1.9 | 9.8 | 10.2 | 15.5 | 101.3% |
| Papua New Guinea | 3.3 | 12.2 | 13.0 | 14.0 | 61.9% |
| Nigeria | N/A | N/A | 1.0 | 11.5 | 1050.0% |
| Philippines | 3.6 | 8.3 | 6.4 | 4.9 | 10.8% |
| Uganda | 9.3 | 4.1 | 6.7 | 2.9 | -32.2% |
| Others | 8.1 | 23.3 | 15.8 | 10.9 | 10.4% |
| Total | 216 | 227 | 263 | 235 | 2.9% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Singapore in 2022:
- Ghana (27.2K tons)
- Indonesia (18.5K tons)
- Cote d'Ivoire (15.2K tons)
- Cameroon (10.5K tons)
- Ecuador (6.1K tons)
- Papua New Guinea (5.6K tons)
- Nigeria (4.9K tons)
- Philippines (1.9K tons)
- Uganda (1.1K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds exported from Singapore declined remarkably to 7 tons, which is down by -93.8% on the year before. Overall, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 496% against the previous year.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds contracted remarkably to $59K in 2022. In general, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 262%.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 127 | N/A | N/A | 41.1 | -31.3% |
| Maldives | 0.1 | N/A | 2.8 | 11.5 | 386.3% |
| Vietnam | N/A | N/A | N/A | 2.8 | 0% |
| Malaysia | 181 | 0.4 | 303 | 2.4 | -76.3% |
| Japan | 0.2 | N/A | N/A | 0.8 | 58.7% |
| Hong Kong SAR | 43.4 | 77.8 | N/A | N/A | 79.3% |
| Others | 22.4 | 6.2 | N/A | 0.5 | -71.8% |
| Total | 374 | 84.4 | 306 | 59.3 | -45.9% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Singapore in 2022:
- Australia (3.8 tons)
- Malaysia (1.3 tons)
- Vietnam (0.8 tons)
- Japan (0.7 tons)
- Maldives (0.4 tons)
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