Global Cocoa Beans Demand by Country

In 2023, Indonesia led global cocoa bean demand with 819 thousand metric tons, followed by the Netherlands, Germany, and the United States. Some regions, like Russia (3.61%) and Iran (4.1%), saw notable year-on-year demand increases, while others like Malaysia (-2.19%) experienced declines. Brazil's demand declined slightly over this period, while India's demand remained stagnant. Ivory Coast and countries like Nigeria, along with new entrants like Uganda (6.96%), show emerging trends.

Looking ahead, anticipate robust demand growth in emerging markets like Vietnam and continuing strong demand in traditional heavyweights like Indonesia and the Netherlands. Watch for impacts of climate change and sustainable sourcing trends in the industry.