Price for Cocoa; Paste; Whether or Not Defatted in Russia - 2022

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Russia (CIF) - 2022
  2. Price for Cocoa; Paste; Whether or Not Defatted in Russia (FOB) - 2022
  3. Imports of Cocoa; Paste; Whether or Not Defatted in Russia
  4. Exports of Cocoa; Paste; Whether or Not Defatted in Russia

Price for Cocoa; Paste; Whether or Not Defatted in Russia (CIF) - 2022

The average import price for cocoa; paste; whether or not defatteds stood at $3,722 per ton in 2022, which is down by -5.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12%. The import price peaked at $4,050 per ton in 2015; however, from 2016 to 2022, import prices stood 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 the United States ($6,466 per ton), while the price for Poland ($3,015 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Paste; Whether or Not Defatted in Russia (FOB) - 2022

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $3,864 per ton, picking up by 10% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cocoa; paste; whether or not defatteds increased by +11.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 37%. Over the period under review, the average export prices reached the peak figure at $5,177 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($7,192 per ton), while the average price for exports to Uruguay ($2,243 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 Uruguay (+40.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa; Paste; Whether or Not Defatted in Russia

In 2022, approx. 30K tons of cocoa; paste; whether or not defatteds were imported into Russia; waning by -14.8% compared with the previous year's figure. Overall, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 36K tons, and then declined in the following year.

In value terms, imports of cocoa; paste; whether or not defatteds fell significantly to $113M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports reached the peak of $141M, and then dropped notably in the following year.

Import of Cocoa; Paste; Whether or Not Defatted in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia10.17.810.418.021.2%
Netherlands18.119.818.317.7-0.7%
Slovakia0.92.76.68.9114.6%
France1.10.12.27.085.3%
Germany4.84.913.54.5-2.1%
Ecuador0.40.10.31.348.1%
United States4.13.55.40.6-47.3%
Ukraine30.036.024.2N/A-10.2%
Ghana5.5N/AN/AN/A0%
Others32.034.959.855.620.2%
Total1071101411131.8%

Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Russia in 2022:

  1. Estonia (5.5K tons)
  2. Netherlands (4.6K tons)
  3. Slovakia (2.3K tons)
  4. France (1.7K tons)
  5. Germany (1.2K tons)
  6. Ecuador (0.4K tons)
  7. United States (0.1K tons)

Exports of Cocoa; Paste; Whether or Not Defatted in Russia

After three years of growth, shipments abroad of cocoa; paste; whether or not defatteds decreased by -85% to 86 tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 362% against the previous year. As a result, the exports attained the peak of 574 tons, and then fell markedly in the following year.

In value terms, exports of cocoa; paste; whether or not defatteds shrank markedly to $333K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 367%. As a result, the exports reached the peak of $2M, and then contracted rapidly in the following year.

Export of Cocoa; Paste; Whether or Not Defatted in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
EstoniaN/A1912802166.3%
Kazakhstan16.18.913.140.035.4%
Tajikistan11.687.215.123.025.6%
UruguayN/AN/A55.321.3-61.5%
Netherlands16.5N/A15115.5-2.1%
Kyrgyzstan1.2N/A0.710.4105.4%
Belarus59.5137946N/A298.7%
UkraineN/AN/A383N/A0%
Others49.26.11636.8-48.3%
Total1544302,00633329.3%

Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Russia in 2022:

  1. Estonia (60.0 tons)
  2. Uruguay (9.5 tons)
  3. Kazakhstan (5.6 tons)
  4. Tajikistan (4.8 tons)
  5. Netherlands (4.1 tons)
  6. Kyrgyzstan (1.9 tons)

Source: IndexBox Market Intelligence Platform

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