Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $3,023 per ton, reducing by -61.1% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 69%. As a result, import price attained the peak level of $15,805 per ton. From 2021 to 2022, the average 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 Peru ($8,208 per ton), while the price for Malta ($2,588 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-15.2%), while the prices for the other major suppliers experienced a decline.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait (FOB) - 2022
In 2022, the average export price for cocoa beans; whole or broken, raw or roasteds amounted to $3,121 per ton, falling by -31.1% against the previous year. Overall, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 66%. Over the period under review, the average export prices reached the peak figure at $5,856 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +23.3% per year.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait
For the fourth consecutive year, Kuwait recorded growth in purchases abroad of cocoa beans; whole or broken, raw or roasteds, which increased by 166% to 48 tons in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 195%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds expanded modestly to $145K in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 398%. As a result, imports reached the peak of $269K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 2.1 | 2.0 | 1.1 | 47.1 | 182.0% |
| El Salvador | N/A | 1.0 | 2.2 | 32.2 | 467.5% |
| Malta | N/A | N/A | N/A | 11.2 | 0% |
| Congo | N/A | N/A | 0.4 | 10.9 | 2625.0% |
| Nicaragua | 4.1 | 1.1 | 3.0 | 8.5 | 27.5% |
| Peru | 0.4 | 0.6 | 0.8 | 8.2 | 173.7% |
| Cuba | N/A | N/A | N/A | 5.8 | 0% |
| Uganda | N/A | N/A | 7.2 | N/A | 0% |
| Netherlands | N/A | 164 | 82.1 | N/A | -49.9% |
| Saudi Arabia | 14.0 | 3.2 | 6.8 | N/A | -30.3% |
| Others | 33.4 | 96.2 | 36.7 | 21.2 | -14.1% |
| Total | 53.9 | 269 | 140 | 145 | 39.1% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Kuwait in 2022:
- Philippines (18.2 tons)
- El Salvador (12.4 tons)
- Malta (4.3 tons)
- Congo (4.2 tons)
- Nicaragua (3.3 tons)
- Cuba (2.3 tons)
- Peru (1.0 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait
In 2022, exports of cocoa beans; whole or broken, raw or roasteds from Kuwait skyrocketed to 27 tons, growing by 789% against 2021 figures. In general, exports recorded significant growth. 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 $84K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 9.1 | 9.8 | 10.1 | 83.5 | 109.4% |
| Others | 1.2 | 1.6 | 3.5 | N/A | 70.8% |
| Total | 10.3 | 11.3 | 13.6 | 83.5 | 100.9% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Kuwait in 2022:
- Saudi Arabia (26.8 tons)
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