Price for Cocoa; Paste, Wholly or Partly Defatted in Norway - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Norway (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Norway (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Norway
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Norway
Price for Cocoa; Paste, Wholly or Partly Defatted in Norway (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $8,468 per ton, picking up by 42% against the previous year. In general, the import price, however, saw a slight setback. Over the period under review, average import prices attained the maximum at $9,444 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 Peru ($31,000 per ton), while the price for Poland ($6,750 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+13.8%), while the prices for the other major suppliers experienced a decline.
Price for Cocoa; Paste, Wholly or Partly Defatted in Norway (FOB) - 2022
The average export price for cocoa; paste, wholly or partly defatted stood at $1,467 per ton in 2021, which is down by -2.2% against the previous year. Over the period under review, the export price recorded a significant contraction. Over the period under review, the average export prices attained the maximum at $9,229 per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($1,500 per ton), while the average price for exports to the United States totaled $1,000 per ton.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste, Wholly or Partly Defatted in Norway
In 2022, overseas purchases of cocoa; paste, wholly or partly defatted decreased by -55.3% to 293 kg for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 121% against the previous year. As a result, imports reached the peak of 656 kg, and then shrank sharply in the following year.
In value terms, imports of cocoa; paste, wholly or partly defatted shrank sharply to $2.5K in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 156% against the previous year. As a result, imports reached the peak of $3.9K, and then reduced sharply in the following year.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Spain | 10.0 | 66.0 | 2,191 | 1380.2% | |
| Peru | 35.0 | 26.0 | 155 | 110.4% | |
| Poland | N/A | N/A | 135 | 0% | |
| Belgium | 841 | 1,803 | N/A | 114.4% | |
| Sweden | 612 | 1,953 | N/A | 219.1% | |
| Netherlands | 33.0 | 72.0 | N/A | 118.2% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1,531 | 3,920 | 2,481 | 27.3% | |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Norway in 2022:
- Spain (268.0 kg)
- Poland (20.0 kg)
- Peru (5.0 kg)
Exports of Cocoa; Paste, Wholly or Partly Defatted in Norway
Exports of cocoa; paste, wholly or partly defatted from Norway fell notably to 15 kg in 2021, which is down by -16.7% compared with the previous year's figure. Overall, exports recorded a abrupt decline.
In value terms, exports of cocoa; paste, wholly or partly defatted fell rapidly to $22 in 2021. Over the period under review, exports saw a abrupt setback.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Finland | N/A | 21.0 | 0% | ||
| United States | N/A | 1.0 | 0% | ||
| Others | 27.0 | N/A | 0% | ||
| Total | 27.0 | 22.0 | -18.5% | ||
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Norway in 2022:
- Finland (14.0 kg)
- United States (1.0 kg)
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