In 2023, Ivory Coast led the global export of cocoa paste with approximately $649.79 million, followed closely by the Netherlands at $611.67 million, and Germany at $364.04 million. Year-on-year, notable increases were observed in Indonesia and Belgium, both experiencing over 4% growth. Conversely, Brazil and Nigeria faced the largest declines, with Brazil seeing a 5.51% drop and Nigeria a significant 22.14% reduction. Eastern European countries like Greece and Ukraine showed robust growth, while the UK and Singapore faced declines.
Looking ahead, key trends indicate a further shift towards Asia as production costs drive innovation, especially in countries like Indonesia. Western markets are expected to focus on premium and sustainable cocoa paste, impacting traditional exporters positively if they adapt. Tracking economic impacts on consumer spending in major markets like the EU and US will be crucial for future developments.
Top countries in Export of Cocoa Paste by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 649,790,000 | 2023 | +1.52% | +2.93% | View data |
| 2 | 2 Netherlands | 611,670,000 | 2023 | +1.66% | +2.66% | View data |
| 3 | 3 Germany | 364,040,000 | 2023 | +2.29% | +2.95% | View data |
| 4 | 4 Indonesia | 193,260,000 | 2023 | +1.64% | +4.3% | View data |
| 5 | 5 France | 158,710,000 | 2023 | +1.04% | +2.87% | View data |
| 6 | 6 Malaysia | 126,280,000 | 2023 | +1.01% | +0.95% | View data |
| 7 | 7 Belgium | 117,630,000 | 2023 | +3.7% | +4.29% | View data |
| 8 | 8 Switzerland | 78,943,000 | 2023 | +2.89% | +3.76% | View data |
| 9 | 9 United States | 76,176,000 | 2023 | -0.79% | +0.88% | View data |
| 10 | 10 Estonia | 59,416,000 | 2023 | +4.07% | +3.59% | View data |
