Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Canada - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Canada (CIF) - 2022
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Canada (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Canada
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Canada
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Canada (CIF) - 2022
In 2022, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $2,573 per ton, increasing by 3.2% against the previous year. Over the period under review, the import price saw a modest increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 73%. Over the period under review, average import prices reached the maximum at $6,395 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ghana ($2,710 per ton) and Cote d'Ivoire ($2,641 per ton), while the price for Nigeria ($2,309 per ton) and Ecuador ($2,457 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Canada (FOB) - 2022
The average export price for cocoa beans; whole or broken, raw or roasteds stood at $2,216 per ton in 2022, surging by 18% against the previous year. Over the period under review, the export price recorded mild growth. The growth pace was the most rapid in 2016 an increase of 129%. As a result, the export price reached the peak level of $3,028 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,859 per ton), while the average price for exports to the Netherlands ($1,148 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 Estonia (+20.9%), while the prices for the other major destinations experienced a decline.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Canada
In 2022, after three years of growth, there was decline in purchases abroad of cocoa beans; whole or broken, raw or roasteds, when their volume decreased by -1.1% to 131K tons. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 132K tons, and then shrank in the following year.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds amounted to $336M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +49.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 144 | 168 | 195 | 204 | 12.3% |
| Ecuador | 16.1 | 14.5 | 34.5 | 56.2 | 51.7% |
| Ghana | 46.3 | 40.5 | 53.7 | 42.5 | -2.8% |
| Nigeria | 7.8 | 22.7 | 38.3 | 29.4 | 55.6% |
| Others | 10.8 | 13.1 | 8.6 | 4.5 | -25.3% |
| Total | 225 | 258 | 330 | 336 | 14.3% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Canada in 2022:
- Cote d'Ivoire (77.2K tons)
- Ecuador (22.9K tons)
- Ghana (15.7K tons)
- Nigeria (12.7K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Canada
In 2022, shipments abroad of cocoa beans; whole or broken, raw or roasteds was finally on the rise to reach 2.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a significant decline.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds soared to $5.4M in 2022. Overall, exports, however, showed a precipitous curtailment.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.2 | 0.3 | 0.2 | 3.9 | -2.4% |
| Estonia | N/A | 0.4 | 0.4 | 1.4 | 87.1% |
| Netherlands | 8.5 | 0.2 | 0.1 | 0.1 | -77.3% |
| Belgium | 9.8 | 0.2 | N/A | N/A | -98.0% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 22.6 | 1.1 | 0.8 | 5.4 | -37.9% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Canada in 2022:
- United States (1379.0 tons)
- Estonia (981.0 tons)
- Netherlands (72.0 tons)
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