Price for Cocoa; Paste; Whether or Not Defatted in Ecuador - 2022
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Ecuador (FOB) - 2022
- Price for Cocoa; Paste; Whether or Not Defatted in Ecuador (CIF) - 2022
- Exports of Cocoa; Paste; Whether or Not Defatted in Ecuador
- Imports of Cocoa; Paste; Whether or Not Defatted in Ecuador
Price for Cocoa; Paste; Whether or Not Defatted in Ecuador (FOB) - 2022
The average export price for cocoa; paste; whether or not defatteds stood at $3,560 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 19%. As a result, the export price attained the peak level of $4,203 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($3,785 per ton) and Australia ($3,748 per ton), while the average price for exports to Brazil ($3,288 per ton) and Peru ($3,497 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa; Paste; Whether or Not Defatted in Ecuador (CIF) - 2022
The average import price for cocoa; paste; whether or not defatteds stood at $8,830 per ton in 2022, surging by 60% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 65% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Colombia ($18,090 per ton), while the price for Peru amounted to $4,971 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cocoa; Paste; Whether or Not Defatted in Ecuador
In 2022, exports of cocoa; paste; whether or not defatteds from Ecuador rose sharply to 22K tons, increasing by 13% compared with 2021. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 55% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of cocoa; paste; whether or not defatteds rose rapidly to $80M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Cocoa; Paste; Whether or Not Defatted in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.3 | 34.0 | 26.5 | 29.9 | 20.0% |
Canada | 1.5 | 4.8 | 5.0 | 9.1 | 82.4% |
Chile | 5.8 | 5.5 | 7.7 | 8.1 | 11.8% |
Argentina | 3.5 | 6.5 | 9.1 | 8.1 | 32.3% |
Japan | 4.8 | 5.9 | 5.8 | 6.5 | 10.6% |
Peru | 2.8 | 3.7 | 4.5 | 4.2 | 14.5% |
Brazil | 0.3 | 0.3 | 0.8 | 3.1 | 117.8% |
Germany | 1.4 | 1.5 | 1.9 | 2.5 | 21.3% |
Australia | 1.9 | 2.7 | 1.4 | 2.3 | 6.6% |
Others | 7.8 | 8.6 | 7.3 | 6.1 | -7.9% |
Total | 47.0 | 73.4 | 70.1 | 79.9 | 19.3% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Ecuador in 2022:
- United States (8.1K tons)
- Canada (2.6K tons)
- Chile (2.3K tons)
- Argentina (2.3K tons)
- Japan (1.8K tons)
- Peru (1.2K tons)
- Brazil (0.9K tons)
- Australia (0.6K tons)
- Germany (0.6K tons)
Imports of Cocoa; Paste; Whether or Not Defatted in Ecuador
In 2022, overseas purchases of cocoa; paste; whether or not defatteds were finally on the rise to reach 7.1 tons after two years of decline. Overall, imports posted 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; paste; whether or not defatteds surged to $63K in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cocoa; Paste; Whether or Not Defatted in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 0.3 | 0.1 | 0.1 | 37.8 | 401.3% |
Peru | 8.2 | 4.4 | 1.7 | 24.9 | 44.8% |
Indonesia | 3.4 | 4.5 | 3.1 | N/A | -4.5% |
Others | 0.7 | N/A | 0.6 | N/A | -7.4% |
Total | 12.5 | 9.0 | 5.5 | 62.7 | 71.2% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Ecuador in 2022:
- Peru (5.0 tons)
- Colombia (2.1 tons)
This report provides an in-depth analysis of the cocoa paste market in Ecuador.
This report provides an in-depth analysis of the global cocoa paste market.
This report provides an in-depth analysis of the cocoa paste market in Ecuador.
This report provides an in-depth analysis of the global cocoa paste market.
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