Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands (FOB) - 2023
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands (CIF) - 2023
In October 2023, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $3,084 per ton, remaining stable against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.3%. The most prominent rate of growth was recorded in July 2023 an increase of 66% m-o-m. Over the period under review, average import prices attained the peak figure at $3,099 per ton in September 2023, and then contracted modestly in the following month.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the countries with the highest prices were Ecuador ($3,528 per ton) and Guinea ($3,449 per ton), while the price for Cameroon ($2,763 per ton) and Nigeria ($3,021 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Guinea (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands (FOB) - 2023
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $3,384 per ton in October 2023, declining by -3.3% against the previous month. In general, export price indicated a perceptible expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for cocoa beans; whole or broken, raw or roasteds increased by +12.3% against June 2023 indices. The pace of growth was the most pronounced in June 2023 when the average export price increased by 19% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,500 per ton in September 2023, and then contracted slightly in the following month.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the UK ($5,986 per ton), while the average price for exports to Nigeria ($1,874 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 Belgium (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands
Imports of cocoa beans; whole or broken, raw or roasteds into the Netherlands declined slightly to 770K tons in 2022, reducing by -2.8% on 2021 figures. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 3.6%.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds declined remarkably to $1.8B in 2022. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 6.5%.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 1,029 | 924 | 865 | 747 | -10.1% |
| Cameroon | 382 | 370 | 373 | 301 | -7.6% |
| Nigeria | 283 | 192 | 346 | 217 | -8.5% |
| Ghana | 316 | 214 | 268 | 179 | -17.3% |
| Ecuador | 85.3 | 72.3 | 45.4 | 54.1 | -14.1% |
| Peru | 27.7 | 36.4 | 25.0 | 39.2 | 12.3% |
| Sierra Leone | 33.0 | 47.7 | 40.3 | 38.1 | 4.9% |
| Guinea | 15.4 | 18.8 | 42.7 | 35.4 | 32.0% |
| Others | 111 | 160 | 162 | 142 | 8.6% |
| Total | 2,283 | 2,035 | 2,168 | 1,752 | -8.4% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to the Netherlands in 2022:
- Cote d'Ivoire (322.4K tons)
- Cameroon (155.7K tons)
- Nigeria (92.6K tons)
- Ghana (82.3K tons)
- Ecuador (21.4K tons)
- Guinea (16.1K tons)
- Peru (14.5K tons)
- Sierra Leone (13.7K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands
In 2022, approx. 238K tons of cocoa beans; whole or broken, raw or roasteds were exported from the Netherlands; increasing by 1.6% on the previous year. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds fell sharply to $538M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. As a result, the exports reached the peak of $637M, and then fell markedly in the following year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 286 | 255 | 427 | 347 | 6.7% |
| France | 17.0 | 26.4 | 38.6 | 65.6 | 56.9% |
| Austria | 47.8 | 42.4 | 56.4 | 40.3 | -5.5% |
| Italy | 8.7 | 26.6 | 22.2 | 26.4 | 44.8% |
| Belgium | 6.5 | 14.5 | 25.0 | 12.3 | 23.7% |
| Spain | 9.6 | 17.3 | 16.2 | 11.6 | 6.5% |
| Others | 66.4 | 57.3 | 51.8 | 35.3 | -19.0% |
| Total | 442 | 439 | 637 | 538 | 6.8% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from the Netherlands in 2022:
- Germany (166.9K tons)
- France (24.9K tons)
- Austria (15.5K tons)
- Italy (9.4K tons)
- Belgium (5.7K tons)
- Spain (4.5K tons)
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