Price for Cocoa; Paste, Not Defatted in Belgium - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Belgium (CIF) - 2023
- Price for Cocoa; Paste, Not Defatted in Belgium (FOB) - 2023
- Imports of Cocoa; Paste, Not Defatted in Belgium
- Exports of Cocoa; Paste, Not Defatted in Belgium
Price for Cocoa; Paste, Not Defatted in Belgium (CIF) - 2023
The average cocoa; paste, not defatted import price stood at $4,405 per ton in June 2023, increasing by 1.8% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 14% month-to-month. Over the period under review, average import prices attained the peak figure in June 2023.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from France ($4,594 per ton) and the UK ($4,578 per ton), while the price for Germany ($3,568 per ton) and the Netherlands ($4,419 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in Belgium (FOB) - 2023
The average cocoa; paste, not defatted export price stood at $5,041 per ton in June 2023, picking up by 6.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in October 2022 when the average export price increased by 7.9% against the previous month. Over the period under review, the average export prices hit record highs in June 2023.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Turkey ($6,547 per ton), while the average price for exports to Sweden ($4,312 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste, Not Defatted in Belgium
In 2022, approx. 89K tons of cocoa; paste, not defatteds were imported into Belgium; flattening at 2021. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 7.1% against the previous year. As a result, imports attained the peak of 90K tons, and then fell slightly in the following year.
In value terms, cocoa; paste, not defatted imports contracted to $346M in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9.7%. As a result, imports reached the peak of $348M, leveling off in the following year.
| Import of Cocoa; Paste, Not Defatted in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 203 | 252 | 269 | 263 | 9.0% |
| Germany | 48.2 | 30.1 | 43.9 | 35.7 | -9.5% |
| France | 22.4 | 18.6 | 18.6 | 14.8 | -12.9% |
| United Kingdom | 0.2 | 0.1 | 2.3 | 12.5 | 296.9% |
| Ghana | N/A | 0.1 | 0.1 | 6.8 | 724.6% |
| Others | 20.4 | 16.0 | 13.8 | 13.4 | -13.1% |
| Total | 295 | 317 | 348 | 346 | 5.5% |
Top Suppliers of Cocoa; Paste, Not Defatted to Belgium in 2022:
- Netherlands (67.6K tons)
- Germany (10.3K tons)
- France (3.5K tons)
- United Kingdom (3.3K tons)
- Ghana (1.7K tons)
Exports of Cocoa; Paste, Not Defatted in Belgium
After two years of decline, shipments abroad of cocoa; paste, not defatteds increased by 20% to 20K tons in 2022. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cocoa; paste, not defatted exports reached $91M in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cocoa; Paste, Not Defatted in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.6 | 3.3 | 9.2 | 22.6 | 59.2% |
| Sweden | 11.1 | 13.4 | 15.7 | 14.7 | 9.8% |
| Canada | 9.4 | 14.2 | 12.2 | 10.6 | 4.1% |
| Norway | 7.8 | 8.7 | 10.3 | 9.1 | 5.3% |
| Switzerland | 5.1 | 4.7 | 3.0 | 5.7 | 3.8% |
| Germany | 1.4 | 1.3 | 3.4 | 4.4 | 46.5% |
| Netherlands | 9.7 | 7.8 | 4.9 | 3.9 | -26.2% |
| United Kingdom | 4.9 | 2.5 | 2.8 | 2.9 | -16.0% |
| France | 15.3 | 10.2 | 2.2 | 2.8 | -43.2% |
| Spain | 0.1 | 0.1 | 1.0 | 2.0 | 171.4% |
| Turkey | 0.4 | 0.4 | 2.7 | 1.9 | 68.1% |
| Italy | 1.5 | 1.3 | 2.0 | 1.9 | 8.2% |
| Others | 8.6 | 7.8 | 10.6 | 8.5 | -0.4% |
| Total | 81.1 | 75.8 | 80.0 | 90.8 | 3.8% |
Top Export Markets for Cocoa; Paste, Not Defatted from Belgium in 2022:
- Poland (5.5K tons)
- Sweden (3.7K tons)
- Norway (2.3K tons)
- Canada (1.9K tons)
- Switzerland (1.4K tons)
- Netherlands (0.9K tons)
- Germany (0.9K tons)
- United Kingdom (0.6K tons)
- France (0.5K tons)
- Turkey (0.4K tons)
- Italy (0.4K tons)
- Spain (0.4K tons)
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This report provides an in-depth analysis of the cocoa paste market in Belgium.
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This report provides an in-depth analysis of the cocoa paste market in Belgium.
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This report provides an in-depth analysis of the global cocoa paste market.
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