Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa - 2023

Contents:

1. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa (CIF) - 2022
2. Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa (FOB) - 2022
3. Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa
4. Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa (CIF) - 2022

In 2022, the average import price for cocoa; shells, husks, skins and other cocoa wastes amounted to $6,954 per ton, jumping by 16% against the previous year. Over the period under review, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 290% against the previous year. The import price peaked at $9,297 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($8,456 per ton), while the price for Peru stood at $6,343 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+10.8%).

Price for Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa (FOB) - 2022

The average export price for cocoa; shells, husks, skins and other cocoa wastes stood at $2,480 per ton in 2022, which is down by -16.2% against the previous year. Overall, the export price, however, posted slight growth. The most prominent rate of growth was recorded in 2014 an increase of 282% against the previous year. As a result, the export price reached the peak level of $8,283 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($4,224 per ton), while the average price for exports to Swaziland totaled $2,292 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+97.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa

In 2022, approx. 3.5 tons of cocoa; shells, husks, skins and other cocoa wastes were imported into South Africa; declining by -37.5% compared with the previous year. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 360%. As a result, imports attained the peak of 5.5 tons, and then shrank markedly in the following year.

In value terms, imports of cocoa; shells, husks, skins and other cocoa wastes fell significantly to $24K in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 285%. As a result, imports reached the peak of $33K, and then dropped sharply in the following year.

Top Suppliers of Cocoa; Shells, Husks, Skins and Other Cocoa Waste to South Africa in 2022:

1. Peru (2.5 tons)
2. Turkey (1.0 tons)

Exports of Cocoa; Shells, Husks, Skins and Other Cocoa Waste in South Africa

In 2022, shipments abroad of cocoa; shells, husks, skins and other cocoa wastes decreased by -17% to 687 kg, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 808% against the previous year. As a result, the exports reached the peak of 6.1 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cocoa; shells, husks, skins and other cocoa wastes fell notably to $1.7K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 473%. As a result, the exports reached the peak of $9.7K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Cocoa; Shells, Husks, Skins and Other Cocoa Waste from South Africa in 2022:

1. Swaziland (620.0 kg)
2. France (67.0 kg)

Source: IndexBox Market Intelligence Platform