Price for Cocoa; Paste; Whether or Not Defatted in Azerbaijan - 2023

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Azerbaijan (CIF) - 2022
  2. Imports of Cocoa; Paste; Whether or Not Defatted in Azerbaijan

Price for Cocoa; Paste; Whether or Not Defatted in Azerbaijan (CIF) - 2022

The average import price for cocoa; paste; whether or not defatteds stood at $7,519 per ton in 2022, growing by 69% against the previous year. Over the period under review, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($22,125 per ton), while the price for Turkey totaled $6,350 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cocoa; Paste; Whether or Not Defatted in Azerbaijan

In 2022, imports of cocoa; paste; whether or not defatteds into Azerbaijan dropped notably to 108 kg, waning by -97.6% compared with the previous year's figure. Over the period under review, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 117% against the previous year.

In value terms, imports of cocoa; paste; whether or not defatteds contracted remarkably to $812 in 2022. In general, imports showed a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 222%.

Import of Cocoa; Paste; Whether or Not Defatted in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey17.63.717.30.6-67.6%
BelgiumN/A0.10.10.241.4%
Russia1.60.91.1N/A-17.1%
Poland1.30.91.4N/A3.8%
Others0.20.60.2N/A0.0%
Total20.66.220.10.8-66.1%

Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Azerbaijan in 2022:

  1. Turkey (100.0 kg)
  2. Belgium (8.0 kg)

Source: IndexBox Market Intelligence Platform

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