Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary (CIF) - 2022
The average import price for cocoa beans; whole or broken, raw or roasteds stood at $7,929 per ton in 2022, which is down by -8.8% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cocoa beans; whole or broken, raw or roasteds increased by +31.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. The import price peaked at $8,690 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($8,750 per ton) and Peru ($8,691 per ton), while the price for Belgium ($7,290 per ton) and Spain ($7,704 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+17.9%), 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 Hungary (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $4,671 per ton in 2022, dropping by -55.8% against the previous year. Over the period under review, the export price faced a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 10%. The export price peaked at $26,856 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($31,279 per ton), while the average price for exports to Bosnia and Herzegovina ($3,450 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary
In 2022, imports of cocoa beans; whole or broken, raw or roasteds into Hungary skyrocketed to 15 tons, rising by 31% against the year before. In general, imports, however, faced a precipitous decrease. The pace of growth was the most pronounced in 2021 when imports increased by 89% against the previous year.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds soared to $119K in 2022. Over the period under review, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 127% against the previous year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.4 | 18.0 | 36.6 | 57.3 | 58.5% |
| Belgium | 17.2 | 16.0 | 26.3 | 32.4 | 23.5% |
| Peru | N/A | N/A | 20.6 | 21.7 | 5.3% |
| Spain | 0.7 | 0.8 | 1.1 | 4.4 | 84.6% |
| Bulgaria | 124 | N/A | N/A | 1.1 | -79.3% |
| Switzerland | 26.6 | N/A | 0.3 | N/A | -89.4% |
| Tanzania | 8.0 | N/A | N/A | N/A | 0% |
| Others | 12.1 | 8.9 | 14.6 | 1.7 | -48.0% |
| Total | 203 | 43.8 | 99.5 | 119 | -16.3% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Hungary in 2022:
- Germany (7.2 tons)
- Belgium (4.4 tons)
- Peru (2.5 tons)
- Spain (0.6 tons)
- Bulgaria (0.1 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary
For the fourth consecutive year, Hungary recorded growth in shipments abroad of cocoa beans; whole or broken, raw or roasteds, which increased by 329% to 11 tons in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 339%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds soared to $52K in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 230% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | N/A | 0.1 | 0.1 | 21.5 | 1366.3% |
| Slovenia | 3.5 | 3.2 | 5.3 | 6.1 | 20.3% |
| Romania | N/A | N/A | 1.2 | 5.0 | 316.7% |
| Croatia | 1.6 | 1.6 | 4.5 | 4.8 | 44.2% |
| Czech Republic | N/A | N/A | 4.1 | 4.7 | 14.6% |
| Bosnia and Herzegovina | N/A | N/A | 1.8 | 4.7 | 161.1% |
| Bulgaria | N/A | N/A | 1.5 | 2.1 | 40.0% |
| Italy | N/A | N/A | 1.5 | 2.0 | 33.3% |
| Germany | N/A | 3.5 | 4.1 | N/A | 17.1% |
| Others | N/A | 0.1 | 3.2 | 1.2 | 246.4% |
| Total | 5.0 | 8.3 | 27.4 | 52.0 | 118.3% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Hungary in 2022:
- Serbia (5.5 tons)
- Bosnia and Herzegovina (1.4 tons)
- Romania (1.2 tons)
- Czech Republic (1.2 tons)
- Italy (0.5 tons)
- Bulgaria (0.5 tons)
- Slovenia (0.4 tons)
- Croatia (0.2 tons)
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