Price for Cocoa; Paste; Whether or Not Defatted in Bulgaria - 2023
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Bulgaria (FOB) - 2023
- Price for Cocoa; Paste; Whether or Not Defatted in Bulgaria (CIF) - 2023
- Exports of Cocoa; Paste; Whether or Not Defatted in Bulgaria
- Imports of Cocoa; Paste; Whether or Not Defatted in Bulgaria
Price for Cocoa; Paste; Whether or Not Defatted in Bulgaria (FOB) - 2023
The average export price for cocoa; paste; whether or not defatteds stood at $4,011 per ton in October 2023, rising by 3.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in April 2023 an increase of 6.4% month-to-month. Over the period under review, the average export prices hit record highs in October 2023.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From October 2022 to October 2023, the rate of growth in terms of prices for Turkey amounted to +1.6% per month.
Price for Cocoa; Paste; Whether or Not Defatted in Bulgaria (CIF) - 2023
The average import price for cocoa; paste; whether or not defatteds stood at $2,688 per ton in October 2023, dropping by -5.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 62% m-o-m. Over the period under review, average import prices hit record highs at $4,204 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Turkey ($6,133 per ton), while the price for Ghana ($509 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 Turkey (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cocoa; Paste; Whether or Not Defatted in Bulgaria
In 2022, exports of cocoa; paste; whether or not defatteds from Bulgaria soared to 16K tons, picking up by 16% on 2021. The total export volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa; paste; whether or not defatteds expanded slightly to $55M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Cocoa; Paste; Whether or Not Defatted in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 49.5 | 46.9 | 52.0 | 54.4 | 3.2% |
| Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Total | 49.8 | 47.1 | 52.1 | 54.6 | 3.1% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Bulgaria in 2022:
- Turkey (15.6K tons)
Imports of Cocoa; Paste; Whether or Not Defatted in Bulgaria
In 2022, imports of cocoa; paste; whether or not defatteds into Bulgaria rose remarkably to 12K tons, surging by 14% against the year before. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cocoa; paste; whether or not defatteds contracted to $30M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. As a result, imports reached the peak of $38M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cocoa; Paste; Whether or Not Defatted in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 8.9 | 10.7 | 10.3 | 9.6 | 2.6% |
| Netherlands | 5.6 | 7.0 | 9.6 | 7.4 | 9.7% |
| Poland | 1.7 | 2.5 | 2.7 | 2.8 | 18.1% |
| Ghana | 3.6 | 2.8 | 1.6 | 2.7 | -9.1% |
| France | 0.7 | 0.8 | 3.9 | 2.2 | 46.5% |
| Ukraine | N/A | N/A | 0.8 | 1.6 | 100.0% |
| Germany | 0.1 | 2.4 | 1.7 | 1.5 | 146.6% |
| United Kingdom | 3.7 | 5.3 | N/A | 1.0 | -35.3% |
| Indonesia | 0.8 | 4.1 | 0.1 | N/A | -64.6% |
| Others | 1.1 | 2.1 | 0.9 | 0.8 | -10.1% |
| Total | 26.3 | 37.8 | 31.6 | 29.5 | 3.9% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Bulgaria in 2022:
- Ghana (3.6K tons)
- Netherlands (2.5K tons)
- Slovakia (2.3K tons)
- Poland (1.9K tons)
- France (0.5K tons)
- Germany (0.4K tons)
- Ukraine (0.3K tons)
- United Kingdom (0.3K tons)
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This report provides an in-depth analysis of the cocoa paste market in Bulgaria.
765
This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Bulgaria.
765
This report provides an in-depth analysis of the global cocoa paste market.
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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.
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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.
1132
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 ...
760
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...
1880
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...
1043
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...
