Between 2014 and 2023, the export volume of cocoa beans from France has seen a general decline, starting from 58.0 thousand metric tons in 2014 to 44.0 thousand metric tons in 2023. Specifically, 2023 recorded a 2.22% decrease compared to 2022. The 5-year Compound Annual Growth Rate (CAGR) stood at -0.89%, indicating a steady decline. Highlights from annual variations include a notable 15.52% drop in 2015 and a significant 12.5% increase in 2017, showing some year-to-year volatility within the overall downward trend.
The forecast for 2024 to 2028 anticipates a continued decline in export volumes, with a 5-year forecasted CAGR of -1.44%, culminating in 40.0 thousand metric tons by 2028. This represents an overall 6.98% reduction from 2023 to 2028.
Future trends to watch for include the impact of changing global cocoa demands, potential shifts in French agricultural policy, and the effects of climate change on cocoa bean quality and yield. Monitoring these factors will be crucial in predicting and managing future export performance.
