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

Contents:

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

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

The average import price for cocoa; shells, husks, skins and other cocoa wastes stood at $4,679 per ton in 2022, with an increase of 136% against the previous year. Overall, the import price recorded a moderate increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 267%. As a result, import price reached the peak level of $11,000 per ton. From 2014 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 Italy ($22,484 per ton), while the price for Poland totaled $1,253 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cocoa; shells, husks, skins and other cocoa wastes stood at $5,852 per ton in 2022, declining by -44.2% against the previous year. In general, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 488% against the previous year. As a result, the export price reached the peak level of $19,839 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($8,600 per ton), while the average price for exports to Cyprus ($5,535 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 Estonia (+48.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 781 kg of cocoa; shells, husks, skins and other cocoa wastes were imported into Greece; reducing by -31.7% on 2021 figures. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 138% against the previous year. As a result, imports reached the peak of 1.1 tons, and then declined dramatically in the following year.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes soared to $3.7K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Poland (655.0 kg)
2. Italy (126.0 kg)

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

In 2022, approx. 61 kg of cocoa; shells, husks, skins and other cocoa wastes were exported from Greece; growing by 3.4% against the previous year's figure. Overall, exports, however, faced a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 34%.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes declined significantly to $357 in 2022. In general, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year.

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

1. Cyprus (43.0 kg)
2. Germany (13.0 kg)
3. Bulgaria (5.0 kg)

Source: IndexBox Market Intelligence Platform