Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark - 2023

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark (CIF) - 2022
2. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark (FOB) - 2022
3. Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark
4. Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark (CIF) - 2022

In 2022, the average import price for cocoa; shells, husks, skins and other cocoa wastes amounted to $1,295 per ton, which is down by -15.5% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 366%. Over the period under review, average import prices attained the maximum at $15,945 per ton in 2015; however, from 2016 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 Belgium ($8,618 per ton), while the price for Germany ($989 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the prices for the other major suppliers experienced a decline.

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark (FOB) - 2022

The average export price for cocoa; shells, husks, skins and other cocoa wastes stood at $4,030 per ton in 2022, increasing by 126% against the previous year. Overall, the export price showed a significant expansion. The export price peaked at $19,042 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($5,290 per ton), while the average price for exports to Norway ($553 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+0.6%).

Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark

In 2022, after three years of growth, there was decline in supplies from abroad of cocoa; shells, husks, skins and other cocoa wastes, when their volume decreased by -0.4% to 143 tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 178%.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes dropped sharply to $185K in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 decreased by -29.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 81% against the previous year. As a result, imports reached the peak of $261K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Cocoa; Shells, Husks, Skins and Other Cocoa Waste to Denmark in 2022:

1. Germany (130.3 tons)
2. Ireland (8.1 tons)
3. Belgium (2.3 tons)
4. Netherlands (2.0 tons)

Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Denmark

In 2022, shipments abroad of cocoa; shells, husks, skins and other cocoa wastes decreased by -67.2% to 5.6 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded measured growth. The pace of growth appeared the most rapid in 2021 when exports increased by 157% against the previous year. As a result, the exports reached the peak of 17 tons, and then declined rapidly in the following year.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes reduced markedly to $23K in 2022. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of $30K, and then contracted markedly in the following year.

Top Export Markets for Cocoa; Shells, Husks, Skins and Other Cocoa Waste from Denmark in 2022:

1. Sweden (3.1 tons)
2. United Kingdom (2.1 tons)
3. Norway (0.4 tons)

Source: IndexBox Market Intelligence Platform