Colombia - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCocoa Paste Price in Colombia - 2022
Contents:
- Cocoa Paste Price in Colombia (FOB) - 2022
- Cocoa Paste Price in Colombia (CIF) - 2022
- Cocoa Paste Exports in Colombia
- Cocoa Paste Imports in Colombia
Cocoa Paste Price in Colombia (FOB) - 2022
The average cocoa paste export price stood at $4,082 per ton in February 2022, rising by 12% against the previous month. In general, the export price showed mild growth. The growth pace was the most rapid in April 2021 when the average export price increased by 12% month-to-month. The export price peaked at $4,236 per ton in October 2021; however, from November 2021 to February 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In February 2022, the countries with the highest prices were Ecuador ($5,089 per ton) and Belgium ($5,061 per ton), while the average price for exports to Costa Rica ($3,740 per ton) and Peru ($3,864 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Paste Price in Colombia (CIF) - 2022
The average cocoa paste import price stood at $2,527 per ton in 2022, falling by -6.4% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2015 when the average import price increased by 46%. The import price peaked at $4,495 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($8,752 per ton), while the price for Peru ($2,202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Cocoa Paste Exports in Colombia
In 2022, overseas shipments of cocoa paste decreased by -50.9% to 772 tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by 0.8% against the previous year. As a result, the exports attained the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cocoa paste exports declined notably to $2.9M in 2022. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 2.7%. As a result, the exports attained the peak of $6M, and then shrank sharply in the following year.
| Export of Cocoa Paste in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 497 | 875 | 956 | 436 | -4.3% |
| Trinidad and Tobago | 772 | 766 | 924 | 421 | -18.3% |
| Argentina | 1,377 | 528 | 921 | 420 | -32.7% |
| Russia | 808 | 1,005 | 692 | 363 | -23.4% |
| Mexico | 529 | 427 | 618 | 282 | -18.9% |
| Peru | 240 | 342 | 458 | 209 | -4.5% |
| Turkey | 569 | 324 | 396 | 187 | -31.0% |
| United States | 209 | 769 | 116 | 157 | -9.1% |
| Others | 945 | 760 | 871 | 419 | -23.7% |
| Total | 5,947 | 5,795 | 5,952 | 2,894 | -21.3% |
Top Export Markets for Cocoa Paste from Colombia in 2022:
- Costa Rica (141.7 tons)
- Trinidad and Tobago (110.0 tons)
- Argentina (101.2 tons)
- Russia (96.8 tons)
- Mexico (73.3 tons)
- Peru (55.0 tons)
- Turkey (53.8 tons)
- United States (42.8 tons)
Cocoa Paste Imports in Colombia
Cocoa paste imports into Colombia soared to 119 tons in 2022, increasing by 27% compared with 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. As a result, imports attained the peak of 142 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cocoa paste imports surged to $301K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 59% against the previous year. As a result, imports attained the peak of $338K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cocoa Paste in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 173 | 296 | 180 | 227 | 9.5% |
| Brazil | 0.9 | 3.6 | 47.6 | 50.1 | 281.8% |
| Italy | 13.3 | 5.0 | 19.3 | 20.3 | 15.1% |
| Others | 24.7 | 33.5 | 6.8 | 3.5 | -47.9% |
| Total | 212 | 338 | 254 | 301 | 12.4% |
Top Suppliers of Cocoa Paste to Colombia in 2022:
- Peru (103.0 tons)
- Brazil (13.2 tons)
- Italy (2.3 tons)
This report provides an in-depth analysis of the cocoa paste market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the cocoa paste market in Colombia.
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This report provides an in-depth analysis of the global cocoa paste market.
492
This report provides an in-depth analysis of the cocoa paste market in Colombia.
755
This report provides an in-depth analysis of the global cocoa paste market.
1110
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
743
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
1831
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1024
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
1110
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
743
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
1831
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1024
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
