Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia (CIF) - 2023
In November 2023, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $4,213 per ton, surging by 6.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in September 2023 an increase of 14% month-to-month. Over the period under review, average import prices hit record highs in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Togo ($4,718 per ton), while the price for Uganda ($3,140 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), 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 Serbia (FOB) - 2022
In 2022, the average export price for cocoa beans; whole or broken, raw or roasteds amounted to $12,857 per ton, surging by 403% against the previous year. In general, the export price recorded a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Montenegro.
From 2012 to 2022, the rate of growth in terms of prices for Montenegro amounted to +13.8% per year.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia
In 2022, approx. 2.4K tons of cocoa beans; whole or broken, raw or roasteds were imported into Serbia; picking up by 26% against the year before. In general, imports, however, saw a relatively flat trend pattern.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds expanded notably to $7M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $7.8M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 0.7 | 0.6 | 1.9 | 3.3 | 67.7% |
| Ghana | 2.5 | 2.1 | 2.5 | 2.1 | -5.6% |
| Togo | 2.6 | 2.1 | 0.6 | 1.1 | -24.9% |
| Poland | N/A | N/A | 0.1 | 0.3 | 200.0% |
| China | N/A | N/A | N/A | 0.2 | 0% |
| Nigeria | N/A | 0.4 | 0.2 | N/A | -50.0% |
| Germany | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Democratic Republic of the Congo | N/A | 0.4 | N/A | N/A | 0% |
| Others | 1.0 | 2.1 | 0.8 | 0.1 | -53.6% |
| Total | 6.8 | 7.8 | 6.3 | 7.0 | 1.0% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Serbia in 2022:
- Cote d'Ivoire (1153.5 tons)
- Ghana (715.7 tons)
- Togo (376.4 tons)
- Poland (72.0 tons)
- China (48.0 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia
For the third year in a row, Serbia recorded decline in overseas shipments of cocoa beans; whole or broken, raw or roasteds, which decreased by -97.4% to 14 kg in 2022. Overall, exports showed a sharp decrease. The smallest decline of -51.3% was in 2020.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds dropped rapidly to $180 in 2022. Over the period under review, exports showed a dramatic decrease. The smallest decline of -53.3% was in 2020.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 1.4 | 1.1 | 0.2 | 0.2 | -47.7% |
| Bosnia and Herzegovina | 9.8 | 2.4 | 0.6 | N/A | -75.3% |
| Netherlands | 2.5 | 2.9 | 0.6 | N/A | -51.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.8 | 6.4 | 1.4 | 0.2 | -75.6% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Serbia in 2022:
- Montenegro (14.0 kg)
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