Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Kenya - 2022

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Kenya (FOB) - 2022
2. Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Kenya

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

The average export price for cocoa; shells, husks, skins and other cocoa wastes stood at $4,823 per ton in 2022, surging by 1,743% against the previous year. Overall, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($22,300 per ton), while the average price for exports to South Africa totaled $2,717 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+6.5%).

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

In 2022, overseas shipments of cocoa; shells, husks, skins and other cocoa wastes decreased by -54.1% to 186 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 303% against the previous year. As a result, the exports attained the peak of 2.6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes soared to $897 in 2022. Over the period under review, exports, however, saw a significant expansion.

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

1. South Africa (166.0 kg)
2. Indonesia (20.0 kg)

Source: IndexBox Market Intelligence Platform