Price for Cocoa; Paste, Wholly or Partly Defatted in Cameroon - 2022
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Cameroon (FOB) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Cameroon (CIF) - 2022
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Cameroon
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Cameroon
Price for Cocoa; Paste, Wholly or Partly Defatted in Cameroon (FOB) - 2022
In 2022, the average export price for cocoa; paste, wholly or partly defatted amounted to $2,115 per ton, declining by -4.5% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 17% against the previous year. The export price peaked at $3,701 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($5,279 per ton), while the average price for exports to France ($1,358 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 Malaysia (-4.4%), while the prices for the other major destinations experienced a decline.
Price for Cocoa; Paste, Wholly or Partly Defatted in Cameroon (CIF) - 2022
The average import price for cocoa; paste, wholly or partly defatted stood at $2,680 per ton in 2022, increasing by 63% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The growth pace was the most rapid in 2015 when the average import price increased by 167%. As a result, import price attained the peak level of $9,378 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($14,553 per ton), while the price for Brazil ($511 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+41.9%), while the prices for the other major suppliers experienced a decline.
Exports of Cocoa; Paste, Wholly or Partly Defatted in Cameroon
In 2022, after three years of growth, there was significant decline in overseas shipments of cocoa; paste, wholly or partly defatted, when their volume decreased by -11.7% to 22K tons. The total export volume increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 30%. As a result, the exports reached the peak of 25K tons, and then declined in the following year.
In value terms, exports of cocoa; paste, wholly or partly defatted declined notably to $47M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +48.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, the exports attained the peak of $55M, and then declined dramatically in the following year.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.1 | 20.8 | 18.2 | 22.6 | 7.7% |
| Spain | 1.2 | 0.8 | 7.2 | 9.5 | 99.3% |
| Germany | 8.2 | 11.2 | 16.5 | 8.9 | 2.8% |
| Italy | 1.2 | 1.8 | 2.6 | 2.8 | 32.6% |
| Malaysia | 0.5 | 0.8 | 1.0 | 1.9 | 56.0% |
| Brazil | 1.2 | 1.0 | 0.7 | 0.1 | -56.3% |
| Belgium | N/A | N/A | 4.1 | N/A | 0% |
| Others | 0.9 | 1.6 | 4.9 | 0.8 | -3.9% |
| Total | 31.4 | 37.9 | 55.1 | 46.5 | 14.0% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Cameroon in 2022:
- United States (10.6K tons)
- Spain (5.2K tons)
- Germany (4.3K tons)
- Malaysia (0.9K tons)
- Italy (0.5K tons)
Imports of Cocoa; Paste, Wholly or Partly Defatted in Cameroon
In 2022, after three years of growth, there was significant decline in overseas purchases of cocoa; paste, wholly or partly defatted, when their volume decreased by -53.5% to 11 tons. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 2,771%.
In value terms, imports of cocoa; paste, wholly or partly defatted declined notably to $31K in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,933%.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.5 | 13.5 | 1.8 | 15.5 | 214.1% |
| Italy | 0.2 | 7.4 | 1.2 | 12.6 | 297.9% |
| Brazil | N/A | N/A | N/A | 2.6 | 0% |
| Turkey | N/A | N/A | 37.7 | N/A | 0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 1.0 | 20.9 | 40.7 | 30.8 | 213.5% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Cameroon in 2022:
- France (5.5 tons)
- Brazil (5.1 tons)
- Italy (0.9 tons)
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