What is the price of cocoa powder (solids) per kilogram/pound in Madagascar today?
The retail price range for Madagascar cocoa powder (solids) is between US$ 5.80 and US$ 8.70 per kilogram or between US$ 2.63 and US$ 3.95 per pound(lb). Click here to see today's exact prices of cocoa powder (solids) in Madagascar
The retail price range in Malagasy Ariary for cocoa powder (solids) is between MGA 25,661.95 and MGA 38,492.92 per kilogram or between MGA 11,638.07 and MGA 17,457.11 per pound(lb) in Antananarivo and Toamasina.
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In 2024, the approximate wholesale price range for Madagascar cocoa powder (solids) is between US$ 4.06 and US$ 6.09 per kilogram or between US$ 1.84 and US$ 2.76 per pound(lb).
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Madagascar Cocoa Powder (solids) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cocoa Powder (Solids) from Madagascar over the last five years has been quite volatile. In 2011, the price was 11.00 US$/kg, which dropped to 7.00 US$/kg in 2012. This was followed by a sharp increase to 16.00 US$/kg in 2013 and 16.67 US$/kg in 2014. In 2015, the price dropped to 8.00 US$/kg and then to a low of 1.93 US$/kg in 2016. Since then, the price has been gradually increasing, reaching 4.25 US$/kg in 2017, 5.50 US$/kg in 2018, 11.00 US$/kg in 2019, and 6.00 US$/kg in 2020. The price has remained steady at 6.20 US$/kg in 2021 and 4.25 US$/kg in 2022. Based on the current trend, it is predicted that the export price per kilogram of Cocoa Powder (Solids) from Madagascar will be 5.00 US$/kg in 2023 and 4.50 US$/kg in 2024.The cocoa powder (solids) exports from Madagascar are classified as:
- Cocoa powder, not containing added sugar or other sweetening matter (HS code 180500)
- Cocoa powder, sweetened (HS code 180610)
Madagascar Cocoa Powder (solids) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Powder (Solids) into Madagascar over the last five years has been quite varied. In 2017, the price was 4.25 US dollars per kg, followed by a significant increase to 5.50 US dollars per kg in 2018. The price then dropped to 6.00 US dollars per kg in 2020, before rising again to 11.00 US dollars per kg in 2019. The most recent data shows that the price has dropped to 6.20 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Cocoa Powder (Solids) into Madagascar in 2023 will be around 4.50 US dollars per kg, and in 2024 it will be around 5.00 US dollars per kg.Export values for Madagascar cocoa powder (solids)
The total values in export for cocoa powder (solids) in Madagascar were US$ 27, US$ 17, US$ 11 and US$ 33 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Madagascar: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cocoa powder (solids) in other countries across Africa: Algeria cocoa powder (solids), Angola cocoa powder (solids), Botswana cocoa powder (solids), Burundi cocoa powder (solids), Cameroon cocoa powder (solids), Cape Verde cocoa powder (solids), Central African Republic cocoa powder (solids), Comoros cocoa powder (solids), DRC Congo cocoa powder (solids) & Benin cocoa powder (solids).
Madagascar cocoa powder (solids) - Production, Exports, Imports, Seasons and HS Codes
The volume of cocoa powder (solids) exported by Madagascar in 2020 was 2 tonnes. In 2019 Madagascar sold 3 tonnes of cocoa powder (solids). For the year 2019 alone, the market for Madagascar cocoa powder (solids) (processed category) has gone up, recording a change of 50 per cent compared to the year 2018. Between 2017 and 2019, cocoa powder (solids)'s exports reduced by -25 pc bringing the country US$0.03m for the year 2019. Madagascar's cocoa powder (solids) exports are classified as:
- Cocoa powder, not containing added sugar or other sweetening matter (HS code 180500)
- Cocoa powder, sweetened (HS code 180610)
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Madagascar cocoa powder (solids) export values
In 2019, Madagascar shipped cocoa powder (solids) costing 0.03m USD, a surge of 172.73% from 2018's total cocoa powder (solids) export of 0.011m USD. The annual growth in value of Madagascar cocoa powder (solids) between 2017 to 2018 was -35.294 pc.
The per year variation in the quantity of Madagascar's cocoa powder (solids) exports between 2017 and 2019 was -25 pc in comparison to a variation of 50% in the period between 2018 and 2019.
Export markets for Madagascar cocoa powder (solids) ( in '000$ )
Madagascar's leading export markets for cocoa powder (solids) are France, United Kingdom (UK) and Japan.
Madagascar purchased 252 tonnes of cocoa powder (solids) in 2019.