In 2023, the Ivory Coast led global cocoa bean exports with a share of 36.59%, experiencing a modest increase of 1.39%. Ghana, the second-largest exporter at 15.89%, saw a decline of 1.82%. The Netherlands followed with 8.44%, showing a slight growth of 0.65%. Ecuador and Nigeria showed notable increases, 1.95% and 2.5% respectively. Belgium, a key player, experienced a significant jump of 3.48%. In contrast, countries like Indonesia and the United States saw declines of 8.9% and 11.65% respectively, indicating shifts in production or market dynamics.
Future trends to watch include potential shifts in market dynamics as cocoa production faces challenges like climate change and economic fluctuations. Countries like Sierra Leone and Mexico showing strong current growth rates might continue their rise in the global ranking. Monitoring political stability, sustainability practices, and regional cooperation will be crucial for assessing future cocoa export trends.
Top countries in Cocoa Beans Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 36.59 | 2023 | +1.61% | +1.39% | View data |
| 2 | 2 Ghana | 15.89 | 2023 | +0.12% | -1.82% | View data |
| 3 | 3 Netherlands | 8.44 | 2023 | +0.92% | +0.65% | View data |
| 4 | 4 Ecuador | 6.51 | 2023 | +2.12% | +1.95% | View data |
| 5 | 5 Nigeria | 6.49 | 2023 | +2.75% | +2.5% | View data |
| 6 | 6 Cameroon | 5.08 | 2023 | +1.15% | +1.18% | View data |
| 7 | 7 Belgium | 5.04 | 2023 | +2.35% | +3.48% | View data |
| 8 | 8 Malaysia | 4.13 | 2023 | +2.39% | +1.88% | View data |
| 9 | 9 Germany | 2.41 | 2023 | +1.63% | +1.51% | View data |
| 10 | 10 Peru | 1.31 | 2023 | +1.49% | +1.54% | View data |
