The South American cocoa beans market has experienced fluctuations over the past decade, with significant increases in certain years and periods of stagnation in others. From 2014 to 2023, the market showed notable jumps, such as a 33.33% increase in 2015 and a similar rise in 2018, but also saw drops, such as a 25% decrease in 2016. Year-on-year growth was stable from 2019 through 2023, sustaining a constant volume of 4 thousand metric tons. The Compound Annual Growth Rate (CAGR) over the past five years stood at approximately 5.92%, though the immediate past year (2023) and forecasted years (2024-2028) indicate a zero-growth rate.
Future trends to watch for include potential impacts of climate change on cocoa yields, changes in global demand and trade policies, and innovations in sustainable farming practices which could affect both volume and market stability in South America.
