Price for Cocoa; Paste; Whether or Not Defatted in Panama - 2023
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Panama (CIF) - 2022
- Price for Cocoa; Paste; Whether or Not Defatted in Panama (FOB) - 2022
- Imports of Cocoa; Paste; Whether or Not Defatted in Panama
- Exports of Cocoa; Paste; Whether or Not Defatted in Panama
Price for Cocoa; Paste; Whether or Not Defatted in Panama (CIF) - 2022
In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $3,952 per ton, remaining constant against the previous year. In general, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $6,028 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 Ecuador ($7,336 per ton), while the price for Colombia stood at $3,880 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa; Paste; Whether or Not Defatted in Panama (FOB) - 2022
In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $2,712 per ton, falling by -9.2% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 74% against the previous year. As a result, the export price attained the peak level of $3,947 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($3,020 per ton), while the average price for exports to the United States ($2,000 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+0.6%), while the prices for the other major destinations experienced a decline.
Imports of Cocoa; Paste; Whether or Not Defatted in Panama
In 2022, approx. 48 tons of cocoa; paste; whether or not defatteds were imported into Panama; growing by 51% against 2021 figures. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cocoa; paste; whether or not defatteds soared to $189K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.4% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 59% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Cocoa; Paste; Whether or Not Defatted in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 78.9 | 150 | 106 | 182 | 32.1% |
| Ecuador | 3.9 | 11.7 | 4.9 | 7.3 | 23.2% |
| Argentina | 14.5 | N/A | N/A | N/A | 0% |
| United States | 9.5 | 9.6 | 14.9 | N/A | 25.2% |
| Others | 3.6 | 4.3 | N/A | N/A | 19.4% |
| Total | 110 | 175 | 126 | 189 | 19.8% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Panama in 2022:
- Colombia (46.9 tons)
- Ecuador (1.0 tons)
Exports of Cocoa; Paste; Whether or Not Defatted in Panama
In 2022, the amount of cocoa; paste; whether or not defatteds exported from Panama plummeted to 52 tons, shrinking by -79.3% against the year before. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,898%. As a result, the exports attained the peak of 250 tons, and then declined sharply in the following year.
In value terms, exports of cocoa; paste; whether or not defatteds declined notably to $140K in 2022. In general, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,951%. As a result, the exports attained the peak of $746K, and then shrank rapidly in the following year.
| Export of Cocoa; Paste; Whether or Not Defatted in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | N/A | N/A | 741 | 75.5 | -89.8% |
| Spain | 15.9 | 36.4 | 5.0 | 33.9 | 28.7% |
| United States | N/A | N/A | N/A | 30.8 | 0% |
| Netherlands | 89.0 | N/A | N/A | N/A | 0% |
| Others | 12.5 | N/A | N/A | N/A | 0% |
| Total | 117 | 36.4 | 746 | 140 | 6.2% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Panama in 2022:
- Cuba (25.0 tons)
- United States (15.4 tons)
- Spain (11.3 tons)
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This report provides an in-depth analysis of the cocoa paste market in Panama.
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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 Panama.
765
This report provides an in-depth analysis of the global cocoa paste market.
78
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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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.
1132
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 ...
760
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...
1876
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...
1042
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...
