Price for Cocoa; Paste, Wholly or Partly Defatted in Brazil - 2024

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

In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $2,560 per ton, picking up by 28% against the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. The import price peaked at $3,773 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,965 per ton), while the price for the United States ($1,655 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cocoa; paste, wholly or partly defatted stood at $3,072 per ton in 2022, with an increase of 10% against the previous year. Overall, the export price saw a temperate expansion. The pace of growth appeared the most rapid in 2015 an increase of 74%. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +9.7% per year.

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

In 2022, imports of cocoa; paste, wholly or partly defatted into Brazil soared to 21K tons, with an increase of 45% on the previous year. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2019 indices. 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 $53M in 2022. Over the period under review, imports continue to indicate a significant 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 Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	9.8	12.4	15.8	27.8	41.6%
Cote d'Ivoire	1.5	0.9	3.8	17.2	125.5%
Ghana	N/A	1.1	1.1	3.4	75.8%
United States	1.2	0.9	0.7	1.6	10.1%
Germany	N/A	N/A	1.2	1.4	16.7%
Ecuador	N/A	N/A	0.6	1.3	116.7%
Peru	1.6	0.9	0.3	0.3	-42.8%
Cameroon	0.8	1.1	2.0	0.1	-50.0%
Malaysia	3.9	3.4	1.8	N/A	-32.1%
Others	0.2	2.0	1.4	N/A	164.6%
Total	19.2	22.7	28.6	53.2	40.5%

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

Indonesia (10.6K tons)
Cote d'Ivoire (6.7K tons)
Ghana (1.4K tons)
United States (1.0K tons)
Germany (0.5K tons)
Ecuador (0.5K tons)
Peru (0.1K tons)

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

In 2022, the amount of cocoa; paste, wholly or partly defatted exported from Brazil fell notably to 522 tons, declining by -27% on 2021 figures. In general, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 199% against the previous year.

In value terms, exports of cocoa; paste, wholly or partly defatted shrank significantly to $1.6M in 2022. Over the period under review, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 when exports increased by 313% against the previous year.