Price for Cocoa; Paste; Whether or Not Defatted in Estonia - 2023
Contents:
- Price for Cocoa; Paste; Whether or Not Defatted in Estonia (FOB) - 2023
- Price for Cocoa; Paste; Whether or Not Defatted in Estonia (CIF) - 2023
- Exports of Cocoa; Paste; Whether or Not Defatted in Estonia
- Imports of Cocoa; Paste; Whether or Not Defatted in Estonia
Price for Cocoa; Paste; Whether or Not Defatted in Estonia (FOB) - 2023
The average export price for cocoa; paste; whether or not defatteds stood at $4,904 per ton in October 2023, increasing by 3.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.9%. The pace of growth was the most pronounced in August 2023 when the average export price increased by 11% m-o-m. The export price peaked in October 2023.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Poland ($5,468 per ton), while the average price for exports to Ukraine ($1,929 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa; Paste; Whether or Not Defatted in Estonia (CIF) - 2023
In October 2023, the average import price for cocoa; paste; whether or not defatteds amounted to $3,993 per ton, with an increase of 13% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.9%. The growth pace was the most rapid in July 2023 when the average import price increased by 18% against the previous month. Over the period under review, average import prices hit record highs at $4,049 per ton in August 2023; afterwards, it flattened through to October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Ghana ($4,733 per ton), while the price for Cameroon ($2,692 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Nigeria (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cocoa; Paste; Whether or Not Defatted in Estonia
In 2022, approx. 7.3K tons of cocoa; paste; whether or not defatteds were exported from Estonia; picking up by 57% against the previous year's figure. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, exports of cocoa; paste; whether or not defatteds skyrocketed to $26M in 2022. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 73%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cocoa; Paste; Whether or Not Defatted in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 5.1 | 5.9 | 9.1 | 13.3 | 37.6% |
| Russia | 10.1 | 3.5 | 6.1 | 10.9 | 2.6% |
| Poland | 2.0 | N/A | 1.2 | 0.9 | -23.4% |
| Latvia | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Others | 0.6 | 0.1 | 0.3 | 0.3 | -20.6% |
| Total | 17.9 | 9.8 | 17.1 | 25.8 | 13.0% |
Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Estonia in 2022:
- Belarus (3.6K tons)
- Russia (3.2K tons)
- Poland (0.3K tons)
- Latvia (0.1K tons)
Imports of Cocoa; Paste; Whether or Not Defatted in Estonia
In 2022, approx. 4.7K tons of cocoa; paste; whether or not defatteds were imported into Estonia; growing by 54% compared with the previous year's figure. Overall, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 143%.
In value terms, imports of cocoa; paste; whether or not defatteds soared to $14M in 2022. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 154%.
| Import of Cocoa; Paste; Whether or Not Defatted in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 15.2 | 3.4 | 7.3 | 8.9 | -16.3% |
| Netherlands | N/A | 0.2 | 2.7 | 1.5 | 173.9% |
| Cote d'Ivoire | 0.4 | N/A | 0.1 | 1.4 | 51.8% |
| Ecuador | 0.1 | N/A | N/A | 1.4 | 141.0% |
| Cameroon | N/A | N/A | N/A | 0.3 | 0% |
| Poland | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Indonesia | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.5 | 0.3 | 0.2 | 26.0% |
| Total | 16.4 | 4.2 | 10.6 | 13.8 | -5.6% |
Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Estonia in 2022:
- Ghana (2733.4 tons)
- Cote d'Ivoire (610.0 tons)
- Ecuador (575.0 tons)
- Netherlands (465.8 tons)
- Poland (116.5 tons)
- Cameroon (100.0 tons)
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This report provides an in-depth analysis of the cocoa paste market in Estonia.
765
This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Estonia.
765
This report provides an in-depth analysis of the global cocoa paste market.
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Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
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79
Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1133
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
762
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...
1883
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
1045
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
