Price for Cocoa; Paste, Wholly or Partly Defatted in the Philippines - 2023
Contents:
- Price for Cocoa; Paste, Wholly or Partly Defatted in the Philippines (CIF) - 2022
- Price for Cocoa; Paste, Wholly or Partly Defatted in the Philippines (FOB) - 2022
- Imports of Cocoa; Paste, Wholly or Partly Defatted in the Philippines
- Exports of Cocoa; Paste, Wholly or Partly Defatted in the Philippines
Price for Cocoa; Paste, Wholly or Partly Defatted in the Philippines (CIF) - 2022
In 2022, the average import price for cocoa; paste, wholly or partly defatted amounted to $2,639 per ton, surging by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 28%. The import price peaked at $3,873 per ton in 2012; however, from 2013 to 2022, import prices stood 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 Australia amounted to +10.7% per year.
Price for Cocoa; Paste, Wholly or Partly Defatted in the Philippines (FOB) - 2022
In 2022, the average export price for cocoa; paste, wholly or partly defatted amounted to $24,800 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Bahrain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +45.7% per year.
Imports of Cocoa; Paste, Wholly or Partly Defatted in the Philippines
In 2022, purchases abroad of cocoa; paste, wholly or partly defatted decreased by -50% to 20 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a significant decrease. The growth pace was the most rapid in 2020 when imports increased by 20%. As a result, imports reached the peak of 240 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cocoa; paste, wholly or partly defatted declined remarkably to $53K in 2022. Overall, imports continue to indicate a significant contraction. The growth pace was the most rapid in 2020 when imports increased by 54% against the previous year. As a result, imports reached the peak of $481K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cocoa; Paste, Wholly or Partly Defatted in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 145 | 333 | 80.5 | 52.8 | -28.6% |
| Argentina | N/A | 74.0 | N/A | N/A | 0% |
| United States | 112 | N/A | N/A | N/A | 0% |
| Netherlands | 56.0 | N/A | N/A | N/A | 0% |
| Ghana | N/A | 73.1 | N/A | N/A | 0% |
| Others | N/A | N/A | 1.8 | N/A | 0% |
| Total | 313 | 481 | 82.3 | 52.8 | -44.7% |
Top Suppliers of Cocoa; Paste, Wholly or Partly Defatted to the Philippines in 2022:
- Indonesia (20.0 tons)
Exports of Cocoa; Paste, Wholly or Partly Defatted in the Philippines
In 2022, exports of cocoa; paste, wholly or partly defatted from the Philippines amounted to 10 kg, remaining relatively unchanged against the previous year. In general, exports showed a significant contraction. The smallest decline of 99.9% was in 2021.
In value terms, exports of cocoa; paste, wholly or partly defatted totaled $248 in 2022. Over the period under review, exports saw a dramatic slump. The smallest decline of 99.9% was in 2021.
| Export of Cocoa; Paste, Wholly or Partly Defatted in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Bahrain | N/A | N/A | 248 | 0% | |
| China | 495 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 495 | N/A | 248 | -29.2% | |
Top Export Markets for Cocoa; Paste, Wholly or Partly Defatted from the Philippines in 2022:
- Bahrain (10.0 kg)
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This report provides an in-depth analysis of the cocoa paste market in the Philippines.
758
This report provides an in-depth analysis of the global cocoa paste market.
496
This report provides an in-depth analysis of the cocoa paste market in the Philippines.
758
This report provides an in-depth analysis of the global cocoa paste market.
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748
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...
1841
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...
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