The demand for cocoa beans in Brazil has shown fluctuations from 2014 to 2023, peaking in 2014 at 303 thousand metric tons and declining to 287 thousand metric tons in 2023. Over the last two years, the demand decreased by 0.35% in 2023. The five-year CAGR indicates an average annual decline of 0.48% up to 2023. Forecasted data from 2024 to 2028 project a modest annual decline of 0.14%, with an overall decrease of 0.71% by 2028.
Future trends to watch for include potential shifts in global cocoa supply, changes in consumer preferences towards chocolate products, and economic conditions affecting purchasing power in Brazil.
