The global export market for cocoa paste not defatted is dominated by Ivory Coast, which commanded the highest export shares in 2023, followed by the Netherlands and Germany. Notably, countries like Indonesia, Colombia, and Peru exhibited significant year-on-year growth in export values, suggesting a rising trend in their market shares. In contrast, countries such as Brazil, the United Kingdom, and China saw declines, indicating potential challenges or shifts in their market positioning.
The forecast for 2024 suggests the following future trends to watch:
- Emerging markets like Colombia and El Salvador may continue to grow as new players in cocoa paste exports.
- Traditional exporters in Europe, such as Germany and Belgium, are likely to maintain stable growth rates due to consistent demand.
- Potential recovery in export shares might be seen in countries like the United Kingdom, provided they overcome recent declines.
Top countries in Export of Cocoa Paste Not Defatted Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 25 | 2023 | +1.51% | +2.94% | View data |
| 2 | 2 Netherlands | 22.67 | 2023 | +1.62% | +2.77% | View data |
| 3 | 3 Germany | 13.49 | 2023 | +2.99% | +3.47% | View data |
| 4 | 4 France | 6 | 2023 | +1.39% | +3.25% | View data |
| 5 | 5 Malaysia | 4.7 | 2023 | +2.63% | +2.28% | View data |
| 6 | 6 Belgium | 4.28 | 2023 | +2.9% | +3.18% | View data |
| 7 | 7 Indonesia | 3.42 | 2023 | +2.72% | +4.87% | View data |
| 8 | 8 Switzerland | 3.04 | 2023 | +2.89% | +3.77% | View data |
| 9 | 9 United States | 2.74 | 2023 | +0.044% | +1.98% | View data |
| 10 | 10 Estonia | 2.31 | 2023 | +4.23% | +3.78% | View data |
