The global cocoa beans market in 2023 revealed Russia's dominance with 62.23 thousand metric tons, experiencing a 3.61% increase from the previous year. Belarus marked a 4.1% rise. Meanwhile, Uganda showed the highest percentage growth at 10.76%, despite its lower volume share. The Netherlands notably surged by 14.87%. Some countries like Cameroon, Kazakhstan, and several others maintained steady volumes without year-on-year fluctuation. Ukraine was the only country with a decline at -2.64%.
Future trends to anticipate in the global cocoa beans market entail potential growth diversification, especially in emerging markets. Monitoring the impacts of geopolitical and environmental shifts on production will be crucial for foreseeing market dynamics and distribution shifts in the coming years.
Top countries in Cocoa Beans Market Size Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 62.23 | 2023 | +4.46% | +3.61% | View data |
| 2 | 2 Belarus | 5.85 | 2023 | +10% | +4.1% | View data |
| 3 | 3 Cameroon | 5.32 | 2023 | 0% | 0% | View data |
| 4 | 4 Papua New Guinea | 4.79 | 2023 | 0% | +2.38% | View data |
| 5 | 5 Ukraine | 3.72 | 2023 | 0% | -2.64% | View data |
| 6 | 6 Kazakhstan | 3.72 | 2023 | 0% | 0% | View data |
| 7 | 7 Uganda | 2.66 | 2023 | 0% | +10.76% | View data |
| 8 | 8 Chile | 2.13 | 2023 | 0% | 0% | View data |
| 9 | 9 Sierra Leone | 1.06 | 2023 | 0% | 0% | View data |
| 10 | 10 Netherlands | 1.06 | 2023 | 0% | +14.87% | View data |
