Price for Cocoa; Paste; Whether or Not Defatted in Belgium - 2023
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Belgium (CIF) - 2023
- Price for Cocoa; Paste; Whether or Not Defatted in Belgium (FOB) - 2023
- Imports of Cocoa; Paste; Whether or Not Defatted in Belgium
- Exports of Cocoa; Paste; Whether or Not Defatted in Belgium
Price for Cocoa; Paste; Whether or Not Defatted in Belgium (CIF) - 2023
In October 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $4,407 per ton, increasing by 23% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.3%. Over the period under review, average import prices hit record highs at $4,821 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($7,580 per ton), while the price for Ghana ($3,884 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste; Whether or Not Defatted in Belgium (FOB) - 2023
In October 2023, the average export price for cocoa; paste; whether or not defatteds amounted to $5,808 per ton, surging by 9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in August 2023 an increase of 26% month-to-month. The export price peaked in October 2023.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was the United States ($9,440 per ton), while the average price for exports to Turkey ($5,412 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste; Whether or Not Defatted in Belgium
In 2022, imports of cocoa; paste; whether or not defatteds into Belgium dropped slightly to 88K tons, with a decrease of -2.1% compared with 2021 figures. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 7.1%. As a result, imports reached the peak of 90K tons, and then dropped in the following year.
In value terms, imports of cocoa; paste; whether or not defatteds declined to $319M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 9.7% against the previous year. As a result, imports reached the peak of $348M, and then declined in the following year.
| Import of Cocoa; Paste; Whether or Not Defatted in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 204 | 253 | 270 | 242 | 5.9% |
| Germany | 48.2 | 30.1 | 43.9 | 32.6 | -12.2% |
| France | 22.4 | 18.7 | 18.6 | 13.8 | -14.9% |
| United Kingdom | 0.3 | 0.1 | 2.3 | 11.5 | 237.2% |
| Ghana | N/A | 0.1 | 0.1 | 6.1 | 681.0% |
| Others | 20.5 | 16.0 | 13.8 | 12.5 | -15.2% |
| Total | 295 | 318 | 348 | 319 | 2.6% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Belgium in 2022:
- Netherlands (66.9K tons)
- Germany (10.1K tons)
- France (3.6K tons)
- United Kingdom (3.3K tons)
- Ghana (1.7K tons)
Exports of Cocoa; Paste; Whether or Not Defatted in Belgium
After two years of decline, overseas shipments of cocoa; paste; whether or not defatteds increased by 20% to 21K tons in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, exports of cocoa; paste; whether or not defatteds amounted to $84M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cocoa; Paste; Whether or Not Defatted in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.6 | 3.3 | 9.2 | 20.3 | 53.6% |
| Sweden | 11.1 | 13.4 | 15.7 | 13.4 | 6.5% |
| Canada | 9.4 | 14.2 | 12.2 | 9.6 | 0.7% |
| Norway | 7.8 | 8.7 | 10.3 | 8.3 | 2.1% |
| Switzerland | 5.1 | 4.7 | 3.0 | 5.2 | 0.6% |
| Germany | 1.4 | 1.9 | 3.4 | 4.3 | 45.4% |
| Netherlands | 10.0 | 8.3 | 4.9 | 4.0 | -26.3% |
| France | 15.3 | 10.3 | 2.2 | 2.5 | -45.3% |
| Others | 15.7 | 12.3 | 19.1 | 15.9 | 0.4% |
| Total | 81.4 | 77.0 | 80.1 | 83.6 | 0.9% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Belgium in 2022:
- Poland (5.4K tons)
- Sweden (3.7K tons)
- Norway (2.3K tons)
- Canada (1.9K tons)
- Switzerland (1.4K tons)
- Netherlands (1.1K tons)
- Germany (1.0K tons)
- France (0.5K tons)
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This report provides an in-depth analysis of the cocoa paste market in Belgium.
765
This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Belgium.
765
This report provides an in-depth analysis of the global cocoa paste market.
80
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
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In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
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In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
80
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1134
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
762
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
1884
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1045
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
