Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $2,323 per ton, declining by -8% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2014 an increase of 25% against the previous year. Over the period under review, average import prices reached the peak figure at $3,115 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ghana ($2,535 per ton) and Indonesia ($2,484 per ton), while the price for Nigeria ($2,190 per ton) and Cameroon ($2,195 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $2,409 per ton in 2022, dropping by -10.1% against the previous year. Overall, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18% against the previous year. The export price peaked at $3,174 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($2,605 per ton) and South Korea ($2,591 per ton), while the average price for exports to Indonesia ($2,223 per ton) and Singapore ($2,427 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.6%), while the prices for the other major destinations experienced a decline.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia
In 2022, purchases abroad of cocoa beans; whole or broken, raw or roasteds decreased by -4% to 459K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.3% 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 2021 with an increase of 24%. As a result, imports reached the peak of 479K tons, and then reduced in the following year.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds dropped to $1.1B in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports attained the peak of $1.2B, and then fell in the following year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 285 | 349 | 477 | 399 | 11.9% |
| Ecuador | 69.5 | 135 | 76.4 | 175 | 36.0% |
| Ghana | 130 | 124 | 232 | 141 | 2.7% |
| Nigeria | 55.0 | 60.2 | 145 | 88.8 | 17.3% |
| Indonesia | 70.3 | 76.8 | 56.6 | 64.8 | -2.7% |
| Cameroon | 93.3 | 98.1 | 75.9 | 59.1 | -14.1% |
| Papua New Guinea | 26.5 | 27.0 | 26.5 | 37.6 | 12.4% |
| Others | 97.5 | 103 | 121 | 102 | 1.5% |
| Total | 827 | 973 | 1,209 | 1,067 | 8.9% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Malaysia in 2022:
- Cote d'Ivoire (174.5K tons)
- Ecuador (73.4K tons)
- Ghana (55.7K tons)
- Nigeria (40.6K tons)
- Cameroon (26.9K tons)
- Indonesia (26.1K tons)
- Papua New Guinea (17.1K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds exported from Malaysia stood at 108K tons, with an increase of 3.8% against the year before. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 9.3% against the previous year.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds dropped to $261M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports attained the peak of $280M, and then dropped in the following year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 212 | 220 | 258 | 229 | 2.6% |
| Indonesia | 43.4 | 18.5 | 20.2 | 25.3 | -16.5% |
| South Korea | 0.5 | 3.5 | 0.8 | 6.1 | 130.2% |
| Others | 3.5 | 0.5 | 1.2 | 0.4 | -51.5% |
| Total | 260 | 242 | 280 | 261 | 0.1% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Malaysia in 2022:
- Singapore (94.6K tons)
- Indonesia (11.4K tons)
- South Korea (2.3K tons)
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