Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia - 2022
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $1,755 per ton, reducing by -46.7% against the previous year. In general, the import price recorded a abrupt downturn. The import price peaked at $8,879 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2014 to 2022, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $2,843 per ton in 2022, shrinking by -75.5% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 157% against the previous year. The export price peaked at $11,605 per ton in 2021, and then fell notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +6.9% per year.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia
Imports of cocoa beans; whole or broken, raw or roasteds into Ethiopia skyrocketed to 36 tons in 2022, surging by 368% on the year before. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds skyrocketed to $62K in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 62.3 | 0% |
| Germany | N/A | N/A | 19.1 | N/A | 0% |
| Congo | N/A | N/A | 5.5 | N/A | 0% |
| France | N/A | N/A | 0.4 | N/A | 0% |
| Ghana | 8.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.1 | N/A | 25.0 | 62.3 | 97.4% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Ethiopia in 2022:
- Turkey (35.5 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds exported from Ethiopia soared to 159 kg, increasing by 318% against the previous year's figure. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds totaled $452 in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 3.5% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 414 | 426 | 1.0 | 452 | 3.0% |
| Switzerland | N/A | N/A | 438 | N/A | 0% |
| Others | N/A | N/A | 2.0 | N/A | 0% |
| Total | 414 | 426 | 441 | 452 | 3.0% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Ethiopia in 2022:
- Canada (159.0 kg)
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This report provides an in-depth analysis of the cocoa bean market in Ethiopia.
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