Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $5,614 per ton, increasing by 77% against the previous year. Overall, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2014 an increase of 288% against the previous year. As a result, import price reached the peak level of $7,538 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Honduras ($5,885 per ton), while the price for Guatemala ($3,753 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+32.6%), 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 Costa Rica (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $3,310 per ton in 2022, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2013 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,372 per ton in 2018; however, from 2019 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 Switzerland ($4,631 per ton), while the average price for exports to Panama ($1,817 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 Belgium (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica
After two years of decline, purchases abroad of cocoa beans; whole or broken, raw or roasteds increased by 401% to 197 tons in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds surged to $1.1M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 40.7 | N/A | 20.8 | 975 | 188.3% |
| Guatemala | N/A | N/A | 26.9 | 93.9 | 249.1% |
| El Salvador | N/A | N/A | 11.5 | 35.3 | 207.0% |
| Nicaragua | 0.6 | 155 | 52.2 | N/A | 832.7% |
| Dominican Republic | 187 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 13.3 | N/A | 0% |
| Total | 229 | 155 | 125 | 1,104 | 68.9% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Costa Rica in 2022:
- Honduras (165.6 tons)
- Guatemala (25.0 tons)
- El Salvador (6.0 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica
In 2022, shipments abroad of cocoa beans; whole or broken, raw or roasteds decreased by -23.1% to 316 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 24%. As a result, the exports reached the peak of 513 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds dropped to $1M in 2022. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 6.8% against the previous year. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 25.0 | N/A | 412 | 501 | 171.6% |
| Panama | 337 | 374 | 300 | 185 | -18.1% |
| Netherlands | 767 | 679 | 127 | 174 | -39.0% |
| Germany | 1.1 | 133 | 157 | 80.4 | 318.1% |
| Switzerland | N/A | 23.1 | 130 | 61.7 | 63.4% |
| South Korea | N/A | N/A | 5.6 | 17.0 | 203.6% |
| United States | 54.4 | 72.9 | 56.3 | 6.8 | -50.0% |
| Others | 51.7 | 38.1 | 41.5 | 19.8 | -27.4% |
| Total | 1,236 | 1,320 | 1,230 | 1,047 | -5.4% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Costa Rica in 2022:
- Belgium (127.7 tons)
- Panama (102.0 tons)
- Netherlands (45.0 tons)
- Germany (17.8 tons)
- Switzerland (13.3 tons)
- South Korea (4.9 tons)
- United States (1.5 tons)
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