The global cocoa production landscape in 2023 highlights Ivory Coast as the dominant producer, accounting for 40.13% of global output. Ghana and Indonesia follow, contributing 14.69% and 13.36%, respectively. Notable growth is observed in Ecuador with a significant 6.13% year-on-year increase, while Sierra Leone reported a decline of 11.82%. Over a five-year horizon, the compounded annual growth rate (CAGR) for Ecuador shows a promising trajectory, while other countries like Mexico and Honduras face challenges with negative growth rates.
Future trends to watch include:
- Potential expansion in Ecuador’s production share driven by investments and favorable climatic conditions.
- Challenges in regions facing negative growth due to economic, environmental, or geopolitical instability.
- Innovations in sustainable cocoa farming practices in major producing countries like Ivory Coast and Ghana.
Top countries in Cocoa Beans Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ivory Coast | 40.13 | 2023 | +2.53% | +2.38% | View data |
| 2 | 2 Ghana | 14.69 | 2023 | +0.99% | -0.4% | View data |
| 3 | 3 Indonesia | 13.36 | 2023 | +1.24% | +1% | View data |
| 4 | 4 Nigeria | 5.69 | 2023 | -0.038% | +0.21% | View data |
| 5 | 5 Ecuador | 5.24 | 2023 | +3.77% | +6.13% | View data |
| 6 | 6 Cameroon | 4.77 | 2023 | +1.41% | +2.87% | View data |
| 7 | 7 Brazil | 4.27 | 2023 | +0.48% | +1.51% | View data |
| 8 | 8 Peru | 2.69 | 2023 | +4.02% | +3.84% | View data |
| 9 | 9 Colombia | 1.98 | 2023 | +3.9% | +4.04% | View data |
| 10 | 10 Dominican Republic | 1.62 | 2023 | +2.33% | +2.85% | View data |
