Which Country Exports the Most Cocoa Beans in the World?

Beverage Crops February 01, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global cocoa exports amounted to 3,494 thousand tonnes in 2015, ascending by +3.5% against the previous year level. Overall, the global cocoa exports indicated a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total export volume increased at an average annual rate of +3.5% over the last eight years.

The growth pace was the most rapid in 2011, when the output figure increased by +66% from the previous year level. In that year, the global cocoa exports attained its maximum volume of 4,901 thousand tonnes. From 2012 to 2015, the total cocoa exports growth failed to regain its strength.

In value terms, global exports amounted to $7,945 million in 2015. Overall, the value of global exports increased tangibly from 2007 to 2015, expanding at an average annual rate of +7.5%. This trend pattern, however, indicated relatively mild fluctuations throughout the analyzed period.

Top Cocoa Exporting Countries in the World

1. Cote d'Ivoire (1286K Tonnes)

2. Cameroon (237K Tonnes)

3. Ecuador (236K Tonnes)

4. Netherlands (172K Tonnes)

5. Belgium (161K Tonnes)

6. Dominican Rep. (80K Tonnes)

7. Malaysia (71K Tonnes)

Cocoa Imports By Country

The country with the largest volume of the cocoa exports in absolute volumes was Cote d'Ivoire (1,286 thousand tonnes), accounting for 37% of global exports. It was followed by Cameroon (237 thousand tonnes), with a share of 7% of global exports. Moreover, cocoa exports in Cote d'Ivoire exceeded the figures recorded by the world's second largest exporter, Cameroon, fivefold. The third position in this ranking was occupied by Ecuador with a share of 7%.

From 2007 to 2015, an average annual growth rate of cocoa exports in Cote d'Ivoire stood at +6.0%. The remaining exporting countries recorded the following average annual growth rates: Cameroon (+7.7% per year) and Ecuador (+14.5% per year).

In value terms, the country with the largest volume of exports of cocoa in absolute volumes was Cote d'Ivoire (3,554 million USD), making up 45% of global exports. The second position in the ranking was occupied by Cameroon (767 million USD), with a share of 10% of global exports. Moreover, cocoa exports in Cote d'Ivoire exceeded the figures recorded by the world's second largest importer, Cameroon (767 million USD), fivefold. It was followed by Ecuador with a share of 9%.

From 2007 to 2015, an average annual growth rate of cocoa exports in Cote d'Ivoire was at +12.0%. The remaining exporting countries experienced the following average annual growth rates: Cameroon (+17.2% per year) and Ecuador (+17.8% per year).

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Source: World: Cocoa (Beans) - Market Report. Analysis And Forecast To 2025