In 2023, Ivory Coast led cocoa production with 1.98 million metric tons, followed by Ghana at 0.95 million metric tons. Ivory Coast experienced a steady increase, maintaining its leadership position with significant production volumes.
Ghana remained a strong second, despite some fluctuations. Indonesia and Ecuador held their ranks with modest volumes, each representing vital players in Asia and Latin America respectively.
Cameroon, Nigeria, and Brazil had lower yet stable output, showing slight yearly growth and steady CAGRs over five years.
- Ivory Coast: Dominant, consistent growth.
- Ghana: Steady second, some short-term variation.
- Indonesia & Ecuador: Moderate volumes, important to regions.
- Cameroon, Nigeria, Brazil: Lower output, consistent long-term growth.
Future trends to watch include Ivory Coast's innovations in sustainable farming, Ghana's potential to increase yields through improved techniques, and Asia's possible expansion due to Indonesia's market responsiveness. Climate change impact remains a challenge, likely affecting production stability and requiring adaptive strategies. Technological advancements in farming could significantly alter production dynamics in coming years.
Top countries in Top Cocoa Bean Producing Countries
| # | 8 Countries | Thousand Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 Ivory Coast | 1,980 | 2016 | |
| 2 | 2 Ghana | 950 | 2016 | |
| 3 | 3 Indonesia | 310 | 2016 | |
| 4 | 4 Ecuador | 270 | 2016 | |
| 5 | 5 Cameroon | 240 | 2016 | |
| 6 | 6 Nigeria | 220 | 2016 | |
| 7 | 7 Brazil | 190 | 2016 | |
| 8 | 8 Papua New Guinea | 41 | 2016 |
