Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania - 2023
Contents:
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania (CIF) - 2023
- Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania (FOB) - 2022
- Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania
- Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania
Price for Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania (CIF) - 2023
The average import price for cocoa beans; whole or broken, raw or roasteds stood at $1,140 per ton in October 2023, with an increase of 10% against the previous month. Over the period under review, import price indicated tangible growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cocoa beans; whole or broken, raw or roasteds increased by +10.1% against September 2023 indices. The pace of growth appeared the most rapid in April 2023 an increase of 56% against the previous month. Over the period under review, average import prices hit record highs at $1,522 per ton in May 2023; however, from June 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($1,305 per ton), while the price for Nigeria ($624 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 Estonia (+5.5%), 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 Lithuania (FOB) - 2022
In 2022, the average export price for cocoa beans; whole or broken, raw or roasteds amounted to $5,551 per ton, shrinking by -50.4% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20% against the previous year. The export price peaked at $16,129 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($7,680 per ton), while the average price for exports to Poland ($2,497 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 Uzbekistan (-3.4%).
Imports of Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania
In 2022, the amount of cocoa beans; whole or broken, raw or roasteds imported into Lithuania soared to 1.4K tons, growing by 38% against the year before. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 632%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of cocoa beans; whole or broken, raw or roasteds declined dramatically to $1.6M in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 895%.
| Import of Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 73.6 | 598 | 273 | 787 | 120.3% |
| Cote d'Ivoire | N/A | 125 | 124 | 269 | 46.7% |
| Nigeria | N/A | N/A | 101 | 163 | 61.4% |
| Estonia | N/A | N/A | 349 | 141 | -59.6% |
| Cameroon | N/A | N/A | 803 | 118 | -85.3% |
| Others | 35.1 | 359 | 297 | 73.8 | 28.1% |
| Total | 109 | 1,082 | 1,947 | 1,552 | 142.4% |
Top Suppliers of Cocoa Beans; Whole or Broken, Raw or Roasted to Lithuania in 2022:
- Netherlands (1133.6 tons)
- Cote d'Ivoire (187.7 tons)
- Estonia (38.3 tons)
- Nigeria (19.2 tons)
- Cameroon (13.9 tons)
Exports of Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania
In 2022, overseas shipments of cocoa beans; whole or broken, raw or roasteds increased by 75,167% to 16 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cocoa beans; whole or broken, raw or roasteds surged to $88K in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cocoa Beans; Whole or Broken, Raw or Roasted in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5.1 | 1.1 | N/A | 64.1 | 132.5% |
| Uzbekistan | 0.4 | 0.3 | 0.1 | 16.5 | 245.5% |
| Poland | N/A | N/A | N/A | 4.3 | 0% |
| Others | 0.4 | 0.6 | 0.2 | 2.8 | 91.3% |
| Total | 5.8 | 2.0 | 0.2 | 87.7 | 147.3% |
Top Export Markets for Cocoa Beans; Whole or Broken, Raw or Roasted from Lithuania in 2022:
- Russia (11.7 tons)
- Uzbekistan (2.1 tons)
- Poland (1.7 tons)
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