Key Market Indicators
India's cocoa production is forecast to reach nearly 30,000 metric tons by 2026, a 2.8% year-on-year growth rate. Since 1982, production has increased by nearly 8%. India ranked 15th in the world for 2021 production, with Venezuela ahead of it at 24,810 metric tons. Ghana, Indonesia, and Nigeria placed second, third, and fourth, respectively. Indian cocoa imports are projected to reach 44 million kilograms by 2026, a 3% year-on-year average growth rate. Since 1996, demand has risen by around 8%. India was 17th in the world for 2021 imports, with Mexico ahead of it at 36.8 million kilograms. The United States, Malaysia, and Germany ranked second, third, and fourth, respectively.