Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Germany - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Germany (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Germany (FOB) - 2023
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Germany
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Germany
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Germany (CIF) - 2023
In October 2023, the average import price for cocoa beans; whole or broken, raw or roasteds amounted to $3,421 per ton, therefore, remained relatively stable against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in April 2023 an increase of 7.4% m-o-m. Over the period under review, average import prices hit record highs in October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Ecuador ($4,080 per ton), while the price for Nigeria ($2,637 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Germany (FOB) - 2023
In October 2023, the average export price for cocoa beans; whole or broken, raw or roasteds amounted to $4,113 per ton, increasing by 6.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.3%. The pace of growth was the most pronounced in February 2023 when the average export price increased by 22% m-o-m. The export price peaked in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($7,491 per ton), while the average price for exports to Switzerland totaled $4,037 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Germany
For the fourth year in a row, Germany recorded growth in supplies from abroad of cocoa beans; whole or broken, raw or roasteds, which increased by 5.8% to 473K tons in 2022. The total import volume increased at an average annual rate of +12.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 33% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds declined to $1.2B in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 46.0 | 372 | 334 | 346 | 95.9% |
| Cote d'Ivoire | 408 | 377 | 355 | 333 | -6.5% |
| Belgium | 80.8 | 272 | 338 | 320 | 58.2% |
| Ghana | 38.9 | 53.4 | 63.7 | 70.0 | 21.6% |
| Nigeria | 166 | 59.7 | 84.7 | 52.8 | -31.7% |
| Ecuador | 39.2 | 44.4 | 42.9 | 42.1 | 2.4% |
| Others | 70.1 | 30.8 | 25.7 | 17.4 | -37.2% |
| Total | 850 | 1,210 | 1,244 | 1,182 | 11.6% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Germany in 2022:
- Netherlands (147.7K tons)
- Cote d'Ivoire (133.0K tons)
- Belgium (122.7K tons)
- Ghana (26.7K tons)
- Nigeria (23.4K tons)
- Ecuador (14.6K tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Germany
Exports of cocoa beans; whole or broken, raw or roasteds from Germany fell notably to 7.9K tons in 2022, which is down by -38.5% on 2021. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 4.9% against the previous year.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds contracted rapidly to $23M in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. As a result, the exports reached the peak of $41M, and then shrank rapidly in the following year.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.9 | 12.2 | 18.3 | 10.8 | 11.0% |
| Austria | 10.2 | 10.4 | 7.8 | 4.4 | -24.4% |
| France | 1.9 | 2.4 | 4.2 | 2.4 | 8.1% |
| Poland | 2.2 | 3.3 | 1.5 | 2.0 | -3.1% |
| Belgium | 0.5 | 1.4 | 0.7 | 1.3 | 37.5% |
| Switzerland | 0.5 | 0.2 | 0.3 | 0.6 | 6.3% |
| Italy | 2.1 | 1.1 | 1.5 | 0.5 | -38.0% |
| Denmark | 8.0 | 1.0 | 0.4 | 0.1 | -76.8% |
| Others | 4.2 | 4.5 | 5.7 | 1.2 | -34.1% |
| Total | 37.5 | 36.4 | 40.5 | 23.3 | -14.7% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Germany in 2022:
- Netherlands (3343.4 tons)
- Austria (1631.2 tons)
- Belgium (878.3 tons)
- France (862.7 tons)
- Poland (712.2 tons)
- Italy (168.9 tons)
- Switzerland (118.7 tons)
- Denmark (16.1 tons)
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This report provides an in-depth analysis of the cocoa bean market in Germany.
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This report provides an in-depth analysis of the cocoa bean market in Germany.
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