Price for Cocoa; Paste, Wholly or Partly Defatted in Singapore - 2022

Contents:

  1. Price for Cocoa; Paste, Wholly or Partly Defatted in Singapore (CIF) - 2022
  2. Price for Cocoa; Paste, Wholly or Partly Defatted in Singapore (FOB) - 2022
  3. Imports of Cocoa; Paste, Wholly or Partly Defatted in Singapore
  4. Exports of Cocoa; Paste, Wholly or Partly Defatted in Singapore

Price for Cocoa; Paste, Wholly or Partly Defatted in Singapore (CIF) - 2022

The average import price for cocoa; paste, wholly or partly defatted stood at $3,720 per ton in September 2022, stabilizing at the previous month. Over the period under review, import price indicated moderate growth from September 2021 to September 2022: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for cocoa; paste, wholly or partly defatted decreased by -4.2% against July 2022 indices. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 32% month-to-month. Over the period under review, average import prices attained the maximum at $3,883 per ton in July 2022; however, from August 2022 to September 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was the Netherlands ($4,195 per ton), while the price for Indonesia ($3,521 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa; Paste, Wholly or Partly Defatted in Singapore (FOB) - 2022

The average export price for cocoa; paste, wholly or partly defatted stood at $3,503 per ton in September 2022, remaining constant against the previous month. Over the period from October 2021 to September 2022, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 31% against the previous month. The export price peaked at $3,514 per ton in June 2022; afterwards, it flattened through to September 2022.

Average prices varied noticeably for the major foreign markets. In September 2022, the country with the highest price was Malaysia ($3,610 per ton), while the average price for exports to Indonesia stood at $3,462 per ton.

From October 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.9%).

Imports of Cocoa; Paste, Wholly or Partly Defatted in Singapore

Imports of cocoa; paste, wholly or partly defatted into Singapore skyrocketed to 12K tons in 2022, picking up by 82% compared with the previous year. Overall, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cocoa; paste, wholly or partly defatted soared to $33M in 2022. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cocoa; Paste, Wholly or Partly Defatted in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia3.41.82.819.779.6%
Netherlands15.99.111.411.4-10.5%
MalaysiaN/AN/A1.31.515.4%
GhanaN/AN/A1.2N/A0%
Others0.60.2N/AN/A-66.7%
Total19.911.016.732.718.0%

Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Singapore in 2022:

  1. Indonesia (7.8K tons)
  2. Netherlands (3.8K tons)
  3. Malaysia (0.6K tons)

Exports of Cocoa; Paste, Wholly or Partly Defatted in Singapore

In 2022, approx. 7K tons of cocoa; paste, wholly or partly defatted were exported from Singapore; rising by 264% against the previous year. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 283%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of cocoa; paste, wholly or partly defatted soared to $17M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 336% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Cocoa; Paste, Wholly or Partly Defatted in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia0.92.21.912.0137.1%
MalaysiaN/A1.63.05.382.0%
United StatesN/A0.5N/AN/A0%
OthersN/AN/AN/AN/A0%
Total1.04.45.017.3158.6%

Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Singapore in 2022:

  1. Indonesia (5.0K tons)
  2. Malaysia (2.0K tons)

Source: IndexBox Market Intelligence Platform

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