Price for Cocoa; Paste, Not Defatted in South Korea - 2022
Contents:
- Price for Cocoa; Paste, Not Defatted in South Korea (CIF) - 2022
- Price for Cocoa; Paste, Not Defatted in South Korea (FOB) - 2022
- Imports of Cocoa; Paste, Not Defatted in South Korea
- Exports of Cocoa; Paste, Not Defatted in South Korea
Price for Cocoa; Paste, Not Defatted in South Korea (CIF) - 2022
The average cocoa; paste, not defatted import price stood at $4,496 per ton in December 2022, with an increase of 3.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 5.3% against the previous month. The import price peaked at $4,659 per ton in July 2022; however, from August 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Colombia ($5,050 per ton) and the Netherlands ($5,038 per ton), while the price for Ghana ($3,742 per ton) and Cote d'Ivoire ($3,972 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa; Paste, Not Defatted in South Korea (FOB) - 2022
In 2022, the average cocoa; paste, not defatted export price amounted to $5,575 per ton, approximately equating the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa; paste, not defatted export price increased by +16.0% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 52% against the previous year. The export price peaked at $6,293 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($6,122 per ton), while the average price for exports to Malaysia amounted to $3,742 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+87.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste, Not Defatted in South Korea
In 2022, purchases abroad of cocoa; paste, not defatteds was finally on the rise to reach 4.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a mild slump.
In value terms, cocoa; paste, not defatted imports amounted to $19M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 4.9%. As a result, imports reached the peak of $19M; afterwards, it flattened through to 2022.
| Import of Cocoa; Paste, Not Defatted in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 6.2 | 7.8 | 4.1 | 7.4 | 6.1% |
| Netherlands | 3.8 | 4.1 | 2.4 | 4.3 | 4.2% |
| Ghana | 2.7 | 1.7 | 0.6 | 1.8 | -12.6% |
| Spain | 2.5 | 1.7 | 1.0 | 1.5 | -15.7% |
| Germany | 0.5 | 0.5 | 0.3 | 1.2 | 33.9% |
| Cote d'Ivoire | 0.2 | 0.7 | 0.4 | 0.8 | 58.7% |
| China | 0.9 | 0.8 | 0.4 | 0.6 | -12.6% |
| Singapore | 0.4 | 0.6 | 0.3 | 0.5 | 7.7% |
| Indonesia | 0.4 | 0.5 | 0.1 | 0.4 | 0.0% |
| Others | 0.4 | 0.5 | 9.2 | 0.4 | 0.0% |
| Total | 18.1 | 18.9 | 18.8 | 18.9 | 1.5% |
Top Suppliers of Cocoa; Paste, Not Defatted to South Korea in 2022:
- Malaysia (1575.8 tons)
- Netherlands (801.9 tons)
- China (550.5 tons)
- Ghana (448.1 tons)
- Spain (318.1 tons)
- Germany (230.7 tons)
- Cote d'Ivoire (161.9 tons)
- Singapore (107.9 tons)
- Indonesia (91.4 tons)
Exports of Cocoa; Paste, Not Defatted in South Korea
In 2022, the amount of cocoa; paste, not defatteds exported from South Korea reduced dramatically to 31 tons, which is down by -47.9% on the previous year's figure. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 2,300%. As a result, the exports reached the peak of 60 tons, and then dropped remarkably in the following year.
In value terms, cocoa; paste, not defatted exports fell significantly to $174K in 2022. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 2,699% against the previous year. As a result, the exports attained the peak of $336K, and then contracted dramatically in the following year.
| Export of Cocoa; Paste, Not Defatted in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 222 | 10.2 | 224 | 146 | -13.0% |
| Malaysia | 37.1 | 1.3 | 34.5 | 26.9 | -10.2% |
| Japan | N/A | N/A | 76.6 | N/A | 0% |
| Indonesia | 15.5 | N/A | N/A | N/A | 0% |
| Others | 4.9 | 0.6 | 1.4 | 0.8 | -45.3% |
| Total | 279 | 12.0 | 336 | 174 | -14.6% |
Top Export Markets for Cocoa; Paste, Not Defatted from South Korea in 2022:
- Vietnam (23.9 tons)
- Malaysia (7.2 tons)
445
This report provides an in-depth analysis of the cocoa paste market in Republic of Korea.
765
This report provides an in-depth analysis of the global cocoa paste market.
445
This report provides an in-depth analysis of the cocoa paste market in Republic of Korea.
765
This report provides an in-depth analysis of the global cocoa paste market.
81
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1134
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 ...
762
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...
1884
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...
1045
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...
81
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1134
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 ...
762
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...
1884
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...
1045
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...
