Price for Cocoa; Paste; Whether or Not Defatted in Cameroon - 2022

Contents:

  1. Price for Cocoa; Paste; Whether or Not Defatted in Cameroon (FOB) - 2022
  2. Price for Cocoa; Paste; Whether or Not Defatted in Cameroon (CIF) - 2022
  3. Exports of Cocoa; Paste; Whether or Not Defatted in Cameroon
  4. Imports of Cocoa; Paste; Whether or Not Defatted in Cameroon

Price for Cocoa; Paste; Whether or Not Defatted in Cameroon (FOB) - 2022

In 2022, the average export price for cocoa; paste; whether or not defatteds amounted to $2,591 per ton, increasing by 1.8% against the previous year. In general, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. The export price peaked at $3,803 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($5,921 per ton), while the average price for exports to Spain ($2,117 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+52.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cocoa; Paste; Whether or Not Defatted in Cameroon (CIF) - 2022

In 2022, the average import price for cocoa; paste; whether or not defatteds amounted to $1,370 per ton, reducing by -10.4% against the previous year. Over the period under review, the import price recorded a abrupt descent. The growth pace was the most rapid in 2020 when the average import price increased by 7.1% against the previous year. Over the period under review, average import prices reached the maximum at $4,070 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to -18.7% per year.

Exports of Cocoa; Paste; Whether or Not Defatted in Cameroon

In 2022, exports of cocoa; paste; whether or not defatteds from Cameroon surged to 43K tons, picking up by 24% against the year before. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 +63.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of cocoa; paste; whether or not defatteds soared to $111M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Cocoa; Paste; Whether or Not Defatted in Cameroon (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States31.024.621.733.32.4%
France20.915.614.022.72.8%
Netherlands0.11.712.517.5459.3%
Spain2.11.18.513.786.9%
Germany14.013.319.712.9-2.7%
Malaysia1.01.01.33.145.8%
UruguayN/AN/A0.52.9480.0%
Brazil2.13.00.80.1-63.8%
Others3.04.59.04.917.8%
Total74.264.988.011114.4%

Top Export Markets for Cocoa; Paste; Whether or Not Defatted from Cameroon in 2022:

  1. United States (13.5K tons)
  2. France (7.2K tons)
  3. Netherlands (6.6K tons)
  4. Spain (6.5K tons)
  5. Germany (5.4K tons)
  6. Uruguay (1.2K tons)
  7. Malaysia (1.2K tons)

Imports of Cocoa; Paste; Whether or Not Defatted in Cameroon

In 2022, supplies from abroad of cocoa; paste; whether or not defatteds decreased by -35.2% to 17 tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 219% against the previous year. As a result, imports attained the peak of 32 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cocoa; paste; whether or not defatteds contracted significantly to $9.5K in 2022. Over the period under review, imports showed a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year.

Import of Cocoa; Paste; Whether or Not Defatted in Cameroon (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ghana7.627.58.37.3-1.3%
Malaysia11.8N/AN/AN/A0%
TurkeyN/AN/A31.1N/A0%
Others1.43.51.62.216.3%
Total20.830.941.09.5-23.0%

Top Suppliers of Cocoa; Paste; Whether or Not Defatted to Cameroon in 2022:

  1. Ghana (17.3 tons)

Source: IndexBox Market Intelligence Platform

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