Key Market Indicators
Brazil's cocoa production is expected to reach 261,000 metric tons by 2026, growing a slight 0.4% each year from 255,000 metric tons in 2021. Since 1966, Brazilian supply has increased by an average of 3.6% annually. In 2021, Brazil was the seventh largest producer of cocoa, surpassed by Cameroon with 255,000 metric tons. Ghana, Indonesia, and Nigeria followed in second, third, and fourth place, respectively. Brazil's cocoa imports are expected to reach 74,200,000 kilograms by 2026, growing at an average of 1.9% each year from 66,100,000 kilograms in 2021. Since 1997, Brazilian demand has increased by 2.8% annually. In 2021, Brazil was the twelfth largest importer of cocoa, with Singapore overtaking it with 66,100,000 kilograms. The United States, Malaysia, and Germany followed in second, third, and fourth place, respectively.