Price for Cocoa; Paste, Not Defatted in Norway - 2023
Contents:
- Price for Cocoa; Paste, Not Defatted in Norway (CIF) - 2023
- Price for Cocoa; Paste, Not Defatted in Norway (FOB) - 2022
- Imports of Cocoa; Paste, Not Defatted in Norway
- Exports of Cocoa; Paste, Not Defatted in Norway
Price for Cocoa; Paste, Not Defatted in Norway (CIF) - 2023
In August 2023, the average cocoa; paste, not defatted import price amounted to $4,612 per ton, reducing by -4.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in July 2023 an increase of 14% against the previous month. As a result, import price attained the peak level of $4,850 per ton, and then contracted in the following month.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($5,081 per ton), while the price for Belgium stood at $4,396 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%).
Price for Cocoa; Paste, Not Defatted in Norway (FOB) - 2022
In 2022, the average cocoa; paste, not defatted export price amounted to $65,530 per ton, rising by 1,538% against the previous year. Overall, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +75.4% per year.
Imports of Cocoa; Paste, Not Defatted in Norway
After three years of growth, purchases abroad of cocoa; paste, not defatteds decreased by -11.2% to 3.4K tons in 2022. The total import volume increased at an average annual rate of +6.0% 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 when imports increased by 16% against the previous year. As a result, imports attained the peak of 3.8K tons, and then shrank in the following year.
In value terms, cocoa; paste, not defatted imports fell remarkably to $13M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year.
| Import of Cocoa; Paste, Not Defatted in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 6.8 | 9.1 | 6.6 | 8.9 | 9.4% |
| Netherlands | 3.1 | 3.7 | 2.2 | 3.7 | 6.1% |
| Others | 0.3 | 0.5 | 8.2 | 0.4 | 10.1% |
| Total | 10.1 | 13.4 | 16.9 | 13.0 | 8.8% |
Top Suppliers of Cocoa; Paste, Not Defatted to Norway in 2022:
- Belgium (2.4K tons)
- Netherlands (0.9K tons)
Exports of Cocoa; Paste, Not Defatted in Norway
For the third year in a row, Norway recorded decline in shipments abroad of cocoa; paste, not defatteds, which decreased by -98.1% to 2 kg in 2022. In general, exports faced a precipitous decrease. The smallest decline of -19.6% was in 2020.
In value terms, cocoa; paste, not defatted exports dropped remarkably to $131 in 2022. Overall, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2020 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $700. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cocoa; Paste, Not Defatted in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 131 | 0% |
| Netherlands | 474 | 131 | 416 | N/A | -6.3% |
| United Kingdom | N/A | 569 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 474 | 700 | 416 | 131 | -34.9% |
Top Export Markets for Cocoa; Paste, Not Defatted from Norway in 2022:
- Germany (2.0 kg)
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This report provides an in-depth analysis of the cocoa paste market in Norway.
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This report provides an in-depth analysis of the cocoa paste market in Norway.
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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...
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