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

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

The average import price for cocoa; paste; whether or not defatteds stood at $3,185 per ton in 2022, which is down by -17.9% against the previous year. In general, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 34% against the previous year. The import price peaked at $4,715 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($3,648 per ton), while the price for Ghana ($3,064 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.8%), while the prices for the other major suppliers experienced a decline.

Price for Cocoa; Paste; Whether or Not Defatted in Pakistan (FOB) - 2022

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $2,198 per ton, remaining relatively unchanged against the previous year. In general, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 31% against the previous year. The export price peaked at $7,357 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to -7.3% per year.

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

In 2022, the amount of cocoa; paste; whether or not defatteds imported into Pakistan skyrocketed to 853 tons, growing by 36% against 2021 figures. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 58% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of cocoa; paste; whether or not defatteds expanded rapidly to $2.7M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Cocoa; Paste; Whether or Not Defatted in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ghana	617	1,519	1,855	2,050	49.2%
Malaysia	13.7	32.7	22.2	598	252.1%
Indonesia	44.4	90.0	76.2	69.0	15.8%
Netherlands	170	179	107	N/A	-20.7%
Others	241	3.8	366	0.1	-92.5%
Total	1,086	1,824	2,426	2,717	35.8%

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

Ghana (669.0 tons)
Malaysia (164.0 tons)
Indonesia (20.0 tons)

Exports of Cocoa; Paste; Whether or Not Defatted in Pakistan

In 2022, the amount of cocoa; paste; whether or not defatteds exported from Pakistan amounted to 6 tons, approximately reflecting the previous year's figure. In general, exports posted a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of cocoa; paste; whether or not defatteds stood at $13K in 2022. Over the period under review, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in years to come.