Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia (FOB) - 2023
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia (CIF) - 2023
The average import price for cocoa beans; whole or broken, raw or roasteds stood at $3,312 per ton in October 2023, with an increase of 2.9% against the previous month. In general, import price indicated tangible growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cocoa beans; whole or broken, raw or roasteds increased by +44.7% against April 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 20% m-o-m. The import price peaked in October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Peru ($4,642 per ton), while the price for Ecuador ($1,991 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia (FOB) - 2023
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $4,317 per ton in October 2023, surging by 8.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +4.3%. The growth pace was the most rapid in September 2023 an increase of 22% m-o-m. The export price peaked in October 2023.
Average prices varied noticeably for the major overseas markets. In October 2023, the country with the highest price was Russia ($4,319 per ton), while the average price for exports to Belarus totaled $4,311 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.6%).
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia
In 2022, imports of cocoa beans; whole or broken, raw or roasteds into Estonia stood at 16K tons, approximately mirroring the previous year. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds shrank markedly to $34M in 2022. In general, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 increased by +37.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of $41M, and then shrank notably in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 8.9 | 10.5 | 18.6 | 15.9 | 21.3% |
| Ecuador | 4.9 | 1.5 | 6.6 | 3.4 | -11.5% |
| Netherlands | N/A | 1.6 | 0.7 | 3.2 | 41.4% |
| Ghana | 1.5 | 3.2 | 1.3 | 2.7 | 21.6% |
| Venezuela | 1.8 | 1.9 | 2.0 | 2.5 | 11.6% |
| Nigeria | 10.7 | 1.2 | 0.5 | 2.1 | -41.9% |
| Germany | N/A | 0.6 | 2.9 | 1.3 | 47.2% |
| Cameroon | 0.9 | 0.2 | 0.9 | 0.1 | -51.9% |
| Others | 1.3 | 4.2 | 7.2 | 3.3 | 36.4% |
| Total | 30.0 | 25.1 | 40.7 | 34.5 | 4.8% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Estonia in 2022:
- Cote d'Ivoire (7.4K tons)
- Netherlands (1.5K tons)
- Ecuador (1.4K tons)
- Ghana (1.2K tons)
- Nigeria (1.0K tons)
- Venezuela (1.0K tons)
- Germany (0.5K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia
In 2022, exports of cocoa beans; whole or broken, raw or roasteds from Estonia fell to 11K tons, shrinking by -10.7% on 2021 figures. Over the period under review, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports reached the peak of 12K tons, and then contracted in the following year.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds dropped dramatically to $29M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $35M, and then contracted significantly in the following year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 3.9 | 10.9 | 13.4 | 16.0 | 60.1% |
| Russia | 22.1 | 16.2 | 21.8 | 13.2 | -15.8% |
| Others | 1.7 | 0.5 | 0.1 | N/A | -75.7% |
| Total | 27.6 | 27.5 | 35.3 | 29.2 | 1.9% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Estonia in 2022:
- Belarus (6.0K tons)
- Russia (4.7K tons)
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