Ecuador - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCocoa Paste Price in Ecuador - 2022
Contents:
- Cocoa Paste Price in Ecuador (FOB) - 2022
- Cocoa Paste Price in Ecuador (CIF) - 2022
- Cocoa Paste Exports in Ecuador
- Cocoa Paste Imports in Ecuador
Cocoa Paste Price in Ecuador (FOB) - 2022
The average cocoa paste export price stood at $3,535 per ton in January 2022, remaining stable against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2021 when the average export price increased by 9.4% m-o-m. As a result, the export price reached the peak level of $3,631 per ton. From June 2021 to January 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Germany ($4,524 per ton), while the average price for exports to Brazil ($2,510 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Paste Price in Ecuador (CIF) - 2022
The average cocoa paste import price stood at $1,677 per ton in 2022, dropping by -4.9% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. As a result, import price attained the peak level of $6,391 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -4.6% per year.
Cocoa Paste Exports in Ecuador
In 2022, exports of cocoa paste from Ecuador totaled 20K tons, rising by 3% on the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 decreased by -1.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year. As a result, the exports attained the peak of 21K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cocoa paste exports expanded sharply to $74M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 56%. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Cocoa Paste in Ecuador (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.4 | 34.7 | 26.2 | 28.9 | 18.4% |
Argentina | 3.5 | 6.6 | 8.9 | 8.0 | 31.7% |
Chile | 5.7 | 5.5 | 7.6 | 6.7 | 5.5% |
Japan | 4.8 | 5.9 | 5.7 | 4.9 | 0.7% |
Canada | 1.5 | 4.8 | 4.9 | 4.5 | 44.2% |
Peru | 2.7 | 3.7 | 4.4 | 4.0 | 14.0% |
Australia | 1.8 | 2.7 | 1.4 | 1.9 | 1.8% |
Germany | 1.4 | 1.6 | 1.9 | 1.9 | 10.7% |
Colombia | 1.4 | 1.6 | 1.7 | 1.8 | 8.7% |
Brazil | 0.5 | 0.3 | 0.3 | 1.7 | 50.4% |
Estonia | N/A | N/A | N/A | 1.2 | 0% |
Dominican Republic | 0.3 | 0.8 | 1.1 | 1.0 | 49.4% |
Mexico | 0.3 | 0.3 | 0.3 | 0.8 | 38.7% |
Others | 5.7 | 4.8 | 5.8 | 7.0 | 7.1% |
Total | 47.0 | 73.4 | 70.1 | 74.0 | 16.3% |
Top Export Markets for Cocoa Paste from Ecuador in 2022:
- United States (7.4K tons)
- Argentina (2.2K tons)
- Chile (1.7K tons)
- Canada (1.4K tons)
- Japan (1.2K tons)
- Peru (1.1K tons)
- Colombia (0.9K tons)
- Australia (0.5K tons)
- Estonia (0.5K tons)
- Germany (0.5K tons)
- Brazil (0.4K tons)
- Mexico (0.4K tons)
- Dominican Republic (0.3K tons)
Cocoa Paste Imports in Ecuador
In 2022, cocoa paste imports into Ecuador surged to 233 tons, picking up by 16% compared with the year before. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 85%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, cocoa paste imports rose rapidly to $391K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
Import of Cocoa Paste in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 56.4 | 175 | 293 | 374 | 87.9% |
Peru | 138 | 169 | N/A | N/A | 22.5% |
Others | 11.0 | 6.6 | 61.4 | 17.6 | 17.0% |
Total | 205 | 351 | 354 | 391 | 24.0% |
Top Suppliers of Cocoa Paste to Ecuador in 2022:
- Indonesia (229.6 tons)
This report provides an in-depth analysis of the cocoa paste market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cocoa paste market in Ecuador.
This report provides an in-depth analysis of the global cocoa paste market.
This report provides an in-depth analysis of the cocoa paste market in Ecuador.
This report provides an in-depth analysis of the global cocoa paste market.
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
In value terms, cocoa paste exports stood at $X in 2016. In general, cocoa paste exports continue to indicate a prominent expansion. Over the period under review, global cocoa paste exports reached...