Price for Cocoa; Paste, Wholly or Partly Defatted in Colombia - 2022
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Colombia (FOB) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Colombia (CIF) - 2022
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Colombia
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Colombia
Price for Cocoa; Paste, Wholly or Partly Defatted in Colombia (FOB) - 2022
The average export price for cocoa; paste, wholly or partly defatted stood at $2,920 per ton in 2022, waning by -5.7% against the previous year. Over the period under review, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2016 an increase of 17% against the previous year. Over the period under review, the average export prices reached the maximum at $4,483 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($3,709 per ton), while the average price for exports to Costa Rica ($1,774 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (-1.8%), while the prices for the other major destinations experienced a decline.
Price for Cocoa; Paste, Wholly or Partly Defatted in Colombia (CIF) - 2022
The average import price for cocoa; paste, wholly or partly defatted stood at $2,523 per ton in August 2021, approximately reflecting the previous month. Overall, the import price showed a relatively flat trend pattern. The import price peaked in August 2021.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From May 2021 to August 2021, the rate of growth in terms of prices for Peru amounted to +0.5% per month.
Exports of Cocoa; Paste, Wholly or Partly Defatted in Colombia
In 2022, exports of cocoa; paste, wholly or partly defatted from Colombia expanded to 432 tons, with an increase of 2.5% compared with the year before. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 20% against the previous year. As a result, the exports attained the peak of 443 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cocoa; paste, wholly or partly defatted fell slightly to $1.3M in 2022. The total export value increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 622 | 627 | 753 | 694 | 3.7% |
| Costa Rica | 183 | 369 | 322 | 296 | 17.4% |
| Panama | 77.0 | 145 | 107 | 168 | 29.7% |
| Belgium | 34.4 | 40.4 | 49.4 | 53.5 | 15.9% |
| United States | 46.1 | 36.8 | 73.2 | 51.6 | 3.8% |
| Jordan | 110 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.5 | 2.5 | 0.4 | -7.2% |
| Total | 1,074 | 1,219 | 1,307 | 1,263 | 5.6% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Colombia in 2022:
- Trinidad and Tobago (189.8 tons)
- Costa Rica (167.0 tons)
- Panama (45.2 tons)
- Belgium (16.6 tons)
- United States (13.9 tons)
Imports of Cocoa; Paste, Wholly or Partly Defatted in Colombia
In 2022, the amount of cocoa; paste, wholly or partly defatted imported into Colombia skyrocketed to 100 tons, jumping by 25% against 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 50%. As a result, imports attained the peak of 120 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cocoa; paste, wholly or partly defatted rose markedly to $227K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. As a result, imports attained the peak of $253K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 134 | 221 | 182 | 208 | 15.8% |
| Peru | 13.1 | 32.5 | 18.6 | 18.8 | 12.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 147 | 253 | 200 | 227 | 15.6% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Colombia in 2022:
- Ecuador (87.3 tons)
- Peru (12.7 tons)
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