Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria (CIF) - 2023
In October 2023, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $3,065 per ton, surging by 8.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($13,904 per ton), while the price for Guinea ($2,414 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $7,266 per ton in 2022, reducing by -36% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $14,725 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Denmark ($11,394 per ton), while the average price for exports to Canada ($5,439 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-1.3%), while the prices for the other major destinations experienced a decline.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria
In 2022, approx. 21K tons of cocoa beans; whole or broken, raw or roasteds were imported into Bulgaria; which is down by -12.4% compared with 2021 figures. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of 24K tons, and then shrank in the following year.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds contracted sharply to $50M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.7% 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 +20.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of $67M, and then fell sharply in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 41.1 | 22.5 | 41.7 | 40.2 | -0.7% |
| Nigeria | N/A | 9.1 | 16.2 | 4.0 | -33.7% |
| Liberia | N/A | 3.1 | 4.3 | 3.6 | 7.8% |
| Belgium | N/A | 3.4 | 0.5 | N/A | -85.3% |
| Others | 1.0 | 2.9 | 4.5 | 1.8 | 21.6% |
| Total | 42.1 | 41.0 | 67.2 | 49.6 | 5.6% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Bulgaria in 2022:
- Cote d'Ivoire (17.5K tons)
- Nigeria (1.8K tons)
- Liberia (1.4K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria
In 2022, shipments abroad of cocoa beans; whole or broken, raw or roasteds was finally on the rise to reach 37 tons after two years of decline. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds soared to $271K in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 129 | 146 | 43.1 | 173 | 10.3% |
| Switzerland | 10.0 | 13.5 | 16.3 | 17.3 | 20.0% |
| Romania | 10.4 | 15.1 | 23.6 | 15.2 | 13.5% |
| Denmark | 6.0 | 7.4 | 11.2 | 9.4 | 16.1% |
| Canada | N/A | N/A | N/A | 9.0 | 0% |
| Greece | 0.4 | N/A | 4.1 | 7.0 | 159.6% |
| Others | 33.9 | 41.9 | 60.2 | 40.7 | 6.3% |
| Total | 189 | 224 | 159 | 271 | 12.8% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Bulgaria in 2022:
- Germany (27.0 tons)
- Canada (1.7 tons)
- Switzerland (1.7 tons)
- Romania (1.6 tons)
- Greece (0.9 tons)
- Denmark (0.8 tons)
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