Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia - 2023

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia (FOB) - 2022
2. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia (CIF) - 2022
3. Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia
4. Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia (FOB) - 2022

In 2022, the average export price for cocoa; shells, husks, skins and other cocoa wastes amounted to $490 per ton, increasing by 48% against the previous year. Over the period under review, export price indicated a resilient increase from 2015 to 2022: its price increased at an average annual rate of +5.5% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cocoa; shells, husks, skins and other cocoa wastes increased by +94.3% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($740 per ton), while the average price for exports to Ukraine ($132 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+79.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia (CIF) - 2022

The average import price for cocoa; shells, husks, skins and other cocoa wastes stood at $1,609 per ton in 2022, with a decrease of -11.7% against the previous year. Over the period under review, the import price faced a deep setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 615%. Over the period under review, average import prices reached the maximum at $6,187 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Belgium ($1,902 per ton), while the price for Hungary ($287 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+105.7%), while the prices for the other major suppliers experienced a decline.

Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia

For the fourth consecutive year, Estonia recorded growth in overseas shipments of cocoa; shells, husks, skins and other cocoa wastes, which increased by 54% to 970 tons in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes surged to $476K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cocoa; Shells, Husks, Skins and Other Cocoa Waste from Estonia in 2022:

1. Lithuania (295.1 tons)
2. Russia (260.7 tons)
3. Ukraine (150.9 tons)
4. China (100.0 tons)
5. Netherlands (89.6 tons)
6. Poland (74.0 tons)

Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Estonia

In 2022, the amount of cocoa; shells, husks, skins and other cocoa wastes imported into Estonia skyrocketed to 268 tons, jumping by 609% compared with 2021 figures. In general, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 1,742%. As a result, imports reached the peak of 528 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes soared to $431K in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 561%. As a result, imports attained the peak of $656K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Cocoa; Shells, Husks, Skins and Other Cocoa Waste to Estonia in 2022:

1. Netherlands (133.2 tons)
2. Belgium (91.9 tons)
3. Hungary (41.2 tons)

Source: IndexBox Market Intelligence Platform