Price for Cocoa; Paste, Not Defatted in Ethiopia - 2022
Contents:
- Price for Cocoa; Paste, Not Defatted in Ethiopia (CIF) - 2022
- Imports of Cocoa; Paste, Not Defatted in Ethiopia
Price for Cocoa; Paste, Not Defatted in Ethiopia (CIF) - 2022
In 2022, the average cocoa; paste, not defatted import price amounted to $4,155 per ton, surging by 4.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 57%. As a result, import price reached the peak level of $5,980 per ton. From 2014 to 2022, the average 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 Turkey ($5,731 per ton), while the price for China stood at $3,565 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.5%).
Imports of Cocoa; Paste, Not Defatted in Ethiopia
In 2022, cocoa; paste, not defatted imports into Ethiopia contracted significantly to 1.5 tons, with a decrease of -38.8% against 2021. In general, imports saw a dramatic decline. The smallest decline of -21.8% was in 2020.
In value terms, cocoa; paste, not defatted imports declined dramatically to $6.2K in 2022. Over the period under review, imports showed a precipitous contraction. The smallest decline of -20% was in 2020.
| Import of Cocoa; Paste, Not Defatted in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.2 | 0.9 | 8.9 | 3.9 | -36.5% |
| Turkey | N/A | N/A | 0.9 | 2.3 | 155.6% |
| Nigeria | N/A | 11.3 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.2 | 12.2 | 9.7 | 6.2 | -25.8% |
Top Suppliers of Cocoa; Paste, Not Defatted to Ethiopia in 2022:
- China (1091.0 kg)
- Turkey (409.0 kg)
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This report provides an in-depth analysis of the cocoa paste market in Ethiopia.
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This report provides an in-depth analysis of the cocoa paste market in Ethiopia.
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