Price for Cocoa; Paste, Wholly or Partly Defatted in Chile - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in Chile (CIF) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in Chile
Price for Cocoa; Paste, Wholly or Partly Defatted in Chile (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $6,385 per ton, dropping by -28.3% against the previous year. In general, the import price, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 105% against the previous year. Over the period under review, average import prices hit record highs at $8,910 per ton in 2021, and then declined dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($15,688 per ton), while the price for Peru stood at $6,152 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cocoa; Paste, Wholly or Partly Defatted in Chile
For the fourth consecutive year, Chile recorded growth in supplies from abroad of cocoa; paste, wholly or partly defatted, which increased by 133% to 2.1 tons in 2022. Over the period under review, imports enjoyed significant growth. 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 $13K in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 159% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Cocoa; Paste, Wholly or Partly Defatted in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | N/A | 0.1 | 0.5 | 12.4 | 1013.6% |
| Italy | N/A | N/A | N/A | 0.8 | 0% |
| China | 1.8 | 4.6 | 6.1 | N/A | 84.1% |
| United States | N/A | N/A | 0.9 | N/A | 0% |
| Others | 0.3 | 0.6 | 0.3 | N/A | 0.0% |
| Total | 2.0 | 5.3 | 7.9 | 13.2 | 87.6% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to Chile in 2022:
- Peru (2022.0 kg)
- Italy (48.0 kg)
- United States (1.0 kg)
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This report provides an in-depth analysis of the cocoa paste market in Chile.
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This report provides an in-depth analysis of the cocoa paste market in Chile.
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This report provides an in-depth analysis of the global cocoa paste market.
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