Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica - 2022

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica (CIF) - 2022
2. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica (FOB) - 2022
3. Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica
4. Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica (CIF) - 2022

The average import price for cocoa; shells, husks, skins and other cocoa wastes stood at $1,971 per ton in 2022, picking up by 54% against the previous year. In general, import price indicated a strong increase from 2020 to 2022: its price increased at an average annual rate of +14.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the rate of growth in terms of prices for Poland amounted to +11.6% per year.

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica (FOB) - 2022

The average export price for cocoa; shells, husks, skins and other cocoa wastes stood at $14,353 per ton in 2022, growing by 1,430% against the previous year. In general, the export price posted resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($23,000 per ton), while the average price for exports to the United States stood at $2,000 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (-75.8%).

Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica

In 2022, overseas purchases of cocoa; shells, husks, skins and other cocoa wastes decreased by -24.1% to 5.6 tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated resilient growth from 2020 to 2022: its volume increased at an average annual rate of +12.9% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of 7.4 tons, and then declined dramatically in the following year.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes surged to $11K in 2022. Overall, total imports indicated a significant increase from 2020 to 2022: its value increased at an average annual rate of +28.8% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Cocoa; Shells, Husks, Skins and Other Cocoa Waste to Costa Rica in 2022:

1. Poland (5.6 tons)

Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in Costa Rica

In 2022, approx. 17 kg of cocoa; shells, husks, skins and other cocoa wastes were exported from Costa Rica; falling by -93.4% on the previous year's figure. In general, exports continue to indicate a precipitous contraction. The smallest decline of -5.8% was in 2021.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes totaled $244 in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 1.2%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cocoa; Shells, Husks, Skins and Other Cocoa Waste from Costa Rica in 2022:

1. Norway (10.0 kg)
2. United States (7.0 kg)

Source: IndexBox Market Intelligence Platform