The global cocoa beans demand experienced notable variations from 2023 to 2024, with Indonesia leading as a major consumer at 16.01 thousand metric tons. The Netherlands, Germany, and the United States followed, reflecting slight increases. Russia showed substantial growth, while Malaysia and Belgium declined in demand. African countries like the Ivory Coast and Sierra Leone reported increases. Emerging markets such as India and China remained stable, suggesting potential for growth. Conversely, Brazil and Nigeria saw demand decrease.
Future trends to watch include increasing demand from Asian markets like India and China, potentially altering global trade dynamics. Monitoring the influence of sustainability practices and technological advancements on demand will be crucial.
Top countries in Cocoa Beans Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 16.01 | 2023 | +0.74% | +0.9% | View data |
| 2 | 2 Netherlands | 9.44 | 2023 | +1.05% | +1.29% | View data |
| 3 | 3 Germany | 9.01 | 2023 | +1.32% | +1.26% | View data |
| 4 | 4 United States | 8.58 | 2023 | +0.46% | +0.84% | View data |
| 5 | 5 Brazil | 5.61 | 2023 | -0.35% | -0.48% | View data |
| 6 | 6 Ivory Coast | 5.26 | 2023 | -0.74% | +2.05% | View data |
| 7 | 7 France | 4.34 | 2023 | +0.91% | +0.46% | View data |
| 8 | 8 Malaysia | 3.01 | 2023 | -1.28% | -2.19% | View data |
| 9 | 9 United Kingdom of Great Britain and Northern Ireland | 2.85 | 2023 | |||
| 10 | 10 Italy | 2.72 | 2023 | +0.72% | +1.19% | View data |
