In 2023, the export value of cocoa in the U.S. stood at an estimated 708.2 million pounds. From 2024 to 2028, projected data shows a modest, yet steady increase in cocoa exports, with annual growth rates around 1.67%. The Compound Annual Growth Rate (CAGR) for the period is approximately 1.67%, indicating a consistent upward trend in exports over the five-year horizon.
Future trends to watch for include:
- Global demand diversification, with Asian markets likely increasing their cocoa intake.
- Potential impacts of climate change on cocoa production regions could affect supply and export capacity.
- Trade policy changes that might affect export volumes or market access.