Key Market Indicators
In 2017, Honduras was number 32, Vietnam overtook them, with 14,270 Kilograms. Malaysia, Singapore and Philippines respectively were numbers 2, 3 and 4 in this ranking. Cocoa production in Honduras is set to decline 2.1% annually in the next five years, from 1,060 metric tons in 2021 to 911 metric tons in 2026. Since 1966, supply has grown 1.8% annually. In 2021, Honduras ranked 33rd in production, behind Sri Lanka with 1,060 metric tons. Ghana, Indonesia and Nigeria were the next three largest producers. Honduran cocoa imports dropped 31.1% between 2016 and 2017, from 14,270 kilograms to 9,830 kilograms. Since 2001, demand has grown 22.6% year on year. In 2017, Honduras ranked 32nd in imports, behind Vietnam with 14,270 kilograms. Malaysia, Singapore and the Philippines were the next three largest importers.
