Price for Cocoa; Paste, Wholly or Partly Defatted in Morocco - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Morocco (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in Morocco (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Morocco
- Exports of Cocoa; Paste, Wholly or Partly Defatted in Morocco
Price for Cocoa; Paste, Wholly or Partly Defatted in Morocco (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $13,607 per ton, rising by 175% against the previous year. Over the period under review, the import price saw strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($19,375 per ton), while the price for France stood at $13,202 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+23.0%), while the prices for the other major suppliers experienced a decline.
Price for Cocoa; Paste, Wholly or Partly Defatted in Morocco (FOB) - 2022
In 2022, the average export price for cocoa; paste, wholly or partly defatted amounted to $4,195 per ton, waning by -2.6% against the previous year. Overall, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 135%. Over the period under review, the average export prices hit record highs at $8,461 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($9,000 per ton), while the average price for exports to Spain totaled $4,180 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+24.6%).
Imports of Cocoa; Paste, Wholly or Partly Defatted in Morocco
In 2022, approx. 122 kg of cocoa; paste, wholly or partly defatted were imported into Morocco; shrinking by -97.7% on the previous year's figure. Overall, imports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 2,993% against the previous year. As a result, imports reached the peak of 5.3 tons, and then shrank remarkably in the following year.
In value terms, imports of cocoa; paste, wholly or partly defatted reduced rapidly to $1.7K in 2022. In general, imports saw a precipitous decrease. The pace of growth was the most pronounced in 2021 when imports increased by 1,914% against the previous year. As a result, imports attained the peak of $26K, and then contracted markedly in the following year.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.8 | 0.2 | 6.6 | 1.5 | -18.8% |
| Belgium | 0.5 | 0.1 | 0.3 | 0.2 | -26.3% |
| Spain | 3.3 | 1.0 | 19.3 | N/A | 141.8% |
| Turkey | 6.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.0 | 1.3 | 26.2 | 1.7 | -49.2% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Morocco in 2022:
- France (114.0 kg)
- Belgium (8.0 kg)
Exports of Cocoa; Paste, Wholly or Partly Defatted in Morocco
In 2022, after three years of growth, there was significant decline in overseas shipments of cocoa; paste, wholly or partly defatted, when their volume decreased by -24.1% to 657 kg. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 187% against the previous year.
In value terms, exports of cocoa; paste, wholly or partly defatted reduced rapidly to $2.8K in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 109%. As a result, the exports attained the peak of $3.7K, and then shrank sharply in the following year.
| Export of Cocoa; Paste, Wholly or Partly Defatted in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 2.7 | 0% |
| France | 0.9 | 1.8 | 3.7 | N/A | 102.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.9 | 1.8 | 3.7 | 2.8 | 46.0% |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from Morocco in 2022:
- Spain (655.0 kg)
- France (2.0 kg)
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