Price for Cocoa; Paste, Wholly or Partly Defatted in Uruguay - 2022
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Uruguay (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Uruguay (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Uruguay
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Uruguay
Price for Cocoa; Paste, Wholly or Partly Defatted in Uruguay (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $1,973 per ton, jumping by 35% against the previous year. In general, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 43%. As a result, import price attained the peak level of $3,306 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($4,836 per ton), while the price for the UK ($594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa; Paste, Wholly or Partly Defatted in Uruguay (FOB) - 2022
The average export price for cocoa; paste, wholly or partly defatted stood at $1,476 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 4.3% against the previous year. Over the period under review, the average export prices reached the maximum at $2,970 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -6.8% per year.
Imports of Cocoa; Paste, Wholly or Partly Defatted in Uruguay
In 2022, purchases abroad of cocoa; paste, wholly or partly defatted decreased by -28.2% to 7.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 204%. As a result, imports reached the peak of 9.9K tons, and then contracted notably in the following year.
In value terms, imports of cocoa; paste, wholly or partly defatted fell modestly to $14M in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, imports reached the peak of $14M, and then fell slightly in the following year.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 131 | 189 | 734 | 3,650 | 203.2% |
| Cote d'Ivoire | 237 | 915 | 2,992 | 3,597 | 147.6% |
| Cameroon | N/A | 26.0 | N/A | 2,914 | 958.7% |
| Netherlands | 32.7 | 359 | 772 | 1,117 | 224.5% |
| Ghana | 1,303 | 1,360 | 2,215 | 885 | -12.1% |
| Nigeria | 679 | 845 | 893 | 558 | -6.3% |
| United Kingdom | 30.9 | 262 | 397 | 304 | 114.3% |
| Indonesia | 885 | 360 | 1,342 | 117 | -49.1% |
| Brazil | 671 | 1,034 | 1,129 | 82.2 | -50.3% |
| China | 169 | 859 | 1,203 | 60.2 | -29.1% |
| Others | 501 | 1,535 | 2,795 | 775 | 15.7% |
| Total | 4,639 | 7,744 | 14,473 | 14,057 | 44.7% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Uruguay in 2022:
- Cote d'Ivoire (2054.3 tons)
- Peru (1281.0 tons)
- Cameroon (1244.2 tons)
- Netherlands (969.8 tons)
- United Kingdom (511.1 tons)
- Ghana (363.0 tons)
- Nigeria (244.0 tons)
- Indonesia (40.0 tons)
- China (40.0 tons)
- Brazil (17.0 tons)
Exports of Cocoa; Paste, Wholly or Partly Defatted in Uruguay
Exports of cocoa; paste, wholly or partly defatted from Uruguay soared to 52 tons in 2022, increasing by 44% compared with 2021 figures. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of cocoa; paste, wholly or partly defatted surged to $77K in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 78% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 24.1 | 15.6 | 53.3 | 76.6 | 47.0% |
| Russia | N/A | 14.4 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 24.1 | 30.0 | 53.3 | 76.6 | 47.0% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Uruguay in 2022:
- Brazil (51.9 tons)
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