Global cocoa production 2017. Europe is the largest import...
Global cocoa production 2017. Europe is the largest importer of cocoa beans, cocoa paste, cocoa butter and cocoa powder in the world. ) is a crop of huge economic significance worldwide and is grown mainly in tropical and subtropical countries. While innovations in the cocoa sector have reportedly contributed to increase in cocoa production (Löwe, 2017; Kolavalli and Vigneri 2018), the constraints to the adoption of new technologies are quite poorly understood in Ghana. 97 million tons. Europe is also an important trade hub for cocoa and chocolate products. If playback doesn't begin shortly, try restarting your device. Côte d’Ivoire and Ghana, the world’s largest producers of cocoa, account for two thirds of the global cocoa production. Cocoa is also valued for its appealing flavours and the health “Data Page: Cocoa bean production”, part of the following publication: Hannah Ritchie, Pablo Rosado, and Max Roser (2023) - “Agricultural Production”. 41%, and is down 64. In Asia, Indonesia is the largest producer country. 69 MMT from 4. The th ree countries that in 2019 accounted for almost At 4. This report presents the production and consumption trends of the cocoa sector and how voluntary sustainability standards can improve the commodity's market resilience. Global grindings fared better than estimated in the previous Bulletin by 65,000 tonnes from 4. Global cocoa production is falling short globally in 2025 causing cocoa supply chain crisis. Elevated cocoa prices in recent years have encouraged farmers to reinvest in their operations, adopt improved cultivation techniques and expand production capacity, supporting expectations of recovery. Global cocoa grindings are estimated at 4. 6 billion in 2017. 13% from the previous day. Trade in cocoa beans, cocoa products and chocolate by country of origin and destination of exports for major importing and exporting countries. FAOSTAT provides free access to comprehensive food and agriculture statistics for over 245 countries and territories, covering production, trade, prices, emissions, SDGs and more from 1961 to the most recent year available. 60 million tonnes for 2024/25 season. The main features of the global cocoa market are illustrated in colour charts. The timeline depicts the trend in global cocoa production from 1980/81 to 2023/24 and provides a forecast for 2024/25. To address these challenges and ensure a sustainable supply of high-quality cocoa beans to meet the rising global demand, sustainable intensification of its production in producing countries is deemed critical. This represented 42% of the global cocoa supply, an increase from 38% the previous year. Abundant ICE-monitored cocoa inventories are negative for prices. As per the reports the market for cocoa is growing at the rate of 18–20% in India and at 3% globally. The crop provides economic support to cocoa-growing countries, smallholder farmers, and the chocolate confectionery industries. This issue of the Bulletin contains the Secretariat’s revised estimates for the 2016/2017 cocoa year as well as data for the past four years of production and grindings of cocoa beans, detailed by country. The demand for certified and sustainable cocoa on the market is high. This chart shows the worldwide cocoa bean production by region. Forecasts for the current cocoa year and more detailed information are available in the Quarterly Bulletin of Cocoa Statistics, publish May 31, 2017 · Totals may differ due to rounding. 4 The beans are first transformed into cocoa liquor and then into cocoa butter or cocoa powder for producing The cocoa report is the second in the Sustainable Commodities Marketplace Series from IISD, which presents sustainable production and consumption market information on agricultural commodities to foster transparency, knowledge and strategic decision-making for sustainable development. The timeline above depicts the trend in global cocoa production from 1980/81 to 2022/23 (*) and provides a forecast for 2023/24, (**) highlighting a significant production year in 2015/16 with approximately 3. Cocoa prices have support on a tightening global supply outlook. The estimated global annual market value of the cocoa crop, according to the ICCO, is between USD 8-10 billions, based on an annual production of 4 million tonnes and a monthly average daily price of cocoa beans between USD 2,264 to 2,359 per tonne. This timeline shows the production of cocoa beans from 2003/2004 to 2023/2024, by region, and provides a forecast for 2024/2025. World production and grindings of cocoa beans by region and country. It’s a story about commercial interest, pest control, cocoa products and the importance of education of farmers to make the cocoa chain more sustainable. The history of cocoa production and the current cocoa story. 32 billion. Totals may differ due to rounding. St. Source: Based on data from the ICCO, 2023c; 2023e Major cocoa diseases in the cocoa-growing regions. Currently, West Africa produces most of the world's cocoa. The need for a more resilient cocoa variety led to the development of the CCN-51 high-yielding and disease-resistant cultivar that can be grown in full sun for low-quality bulk production (The Chocolate Journalist, 2017). Over the past month, Cocoa's price has fallen 28. 84 MMT previously. Fascinatingly, roughly half of all global cocoa production comes from just two countries: Côte d'Ivoire and Ghana - these are the top 10. Global cocoa production (million ha) and grinding (million tons). . FAOSTAT contains data for 200 countries and more than 200 primary products and inputs in its core data set. Data adapted from Food and Agriculture Organization of the United Nations. 19 billion in 2017 Nov 20, 2020 · Global cocoa production trend 2008 to 2016 10,20 Distribution of cocoa production in the top fifteen producing countries in 2016 Trade flows of the largest producer countries in 2016, in metric tonnes Data posted on this web page cover production and grindings of cocoa beans by the main producing/exporting and importing countries for the last three cocoa years. 816 million tonnes. 5,6 The global cocoa beans market is expected to grow at a compound annual growth rate (CAGR) of 7. For many reasons, the cocoa trade in Côte d’Ivoire and Western Africa has been controversial. Gallen Financial Economics Review The timeline above depicts the trend in global cocoa production from 1980/81 to 2022/23 (*) and provides a forecast for 2023/24, (**) highlighting a significant production year in 2015/16 with approximately 3. Cocoa rose to 3,184. 2022-Q1. [1] “A recovery in global cocoa demand, albeit off multi-year lows, is unlikely until there is a major improvement in supply and available stocks,” Allen said. This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2017/2018 cocoa year as well as data for the past four years of production and grindings of cocoa beans, detailed by country. November 2022 Quarterly Bulletin of Cocoa Statistics Abidjan, 30 November 2022 – The International Cocoa Organization today releases its revised estimates for the 2020/21 and 2021/22 cocoa years of world production, grindings, and stocks of cocoa beans, summarized below. The cocoa supply and demand situation has been generally characterized by wide fluctuations: while production has been increasing erratically with yearly growth rates of between minus 10% and plus 18%, grindings have been growing steadily at a slower pace of between two and seven per cent except for 2008/ This increase in global demand shows that the cocoa production sector remains pivotal in the policy and research agenda of major cocoa-producing countries in West Africa. 1–3 Despite this limitation, approximately 4 million tonnes of cocoa beans have been produced annually around the world since 2010. Global Hotspots for Cocoa Production Below, we break down the top cocoa producing countries as of 2022: With 2. the period from 2002/2003 to 2011/2012. On January 29, StoneX forecasted a global cocoa surplus of 287,000 MT in the 2025/26 season and a 267,000 MT surplus for 2026/27. In both countries, cocoa is the primary perennial crop, providing Compiled and edited by: Andrew Daymond1, Diana Giraldo Mendez1, Paul Hadley1 and Philippe Bastide2 1School of Agriculture, Policy and Development, University of Reading, Whiteknights, Reading, UK This statistic depicts the leading countries of cocoa bean processing worldwide in 2022/2023 to 2023/2024 and provides a forecast for 2024/2025. The sum of semi-annual grindings data of ECA, CAA, and NCA over the first half of 2022/23 reached 1,404,582 The Cocoa & Forests Initiative was signed in 2017 between the world’s major cocoa companies, the governments of Ghana and Côte d'Ivoire, and IDH - the Sustainable Trade Initiative, to promote forest protection, restoration and cocoa agroforestry, progress in national forest monitoring, traceability systems, with substantial investments at FAOSTAT provides access to over 3 million time-series and cross sectional data relating to food and agriculture. In this study, we assessed the causes of low cocoa production in the South West Region of Cameroon. Côte d'Ivoire and Ghana are by far the two largest cocoa growing countries, accounting for 46 % of global cocoa production, followed by Ecuador with 9 %. 2023 diminished year-on-year Notwithstanding the positive stance seen in regional cocoa processing activities during Q1. Gallen Financial Economics Review International Cocoa Organization - November 2023 Quarterly Bulletin of Cocoa Statistics Revised estimates for the 2021/22 and 2022/23 cocoa years for world production, grindings and stocks of cocoa beans Main body The cocoa industry is divided into two sectors: upstream (cocoa bean production and marketing), which is dominated by cocoa‐producing countries, and downstream (cocoa bean processing activities to produce semi‐finished and finished products). 751 million tonnes to 4. 95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cocoa - values, historical data, forecasts and news - updated on February of 2026. It also lowered its global cocoa production estimate for 2024/25 to 4. 2% y/y to 1. List of cocoa producing countries and their production levels over the years, including which country produces the most cocoa. The annual decline in cocoa bean production has been observed over the decades while there has been an increase in demand and a projected increase in future demand. ICCO composite cocoa bean prices in SDRs and US dollars. Cocoa bean prices on the London and New York futures markets. Most cocoa is produced in West Africa In the last cocoa season 2023/2024, around 4,4 million tonnes of cocoa were produced worldwide. Exported cocoa beans, whether whole or broken, raw or roasted, had a combined value of USD 8. Prices are forecast to drop by 7% in both 2025 and 2026. Ivory Coast was the largest producer of cocoa by a significant margin, with 2,377,442 tonnes produced that year. Pará is the main cocoa producing state in Brazil. global production of cocoa beans has grown fivefold. Cocoa is primarily produced by hand and its production has never experienced widespread mechanization. The Quarterly Bulletin of Cocoa Statistics provides reliable data and up-to-date analysis on the cocoa economy from 1960 onwards covering most cocoa producing and importing countries. It also discusses these farmers’ integration into world cocoa markets, highlighting some In the absence of adaptation measures, climate change will increase the vulnerability of cocoa farmers and disrupt global cocoa supplies, with knock-on effects for the economies of cocoa producing countries and businesses across the cocoa value chain. Discover the key factors & procurement strategies to stabilize supply chains in this blog. May 2021 Quarterly Bulletin of Cocoa Statistics Abidjan, 31 May 2021 – The International Cocoa Organization today releases its revised forecasts for the 2020/21 cocoa year and revised estimates of world production, grindings, and stocks of cocoa beans for the 2019/20 cocoa year. 81 million tonnes for 2023/24 season and 4. Also, the International Cocoa Organization (ICCO) reported on January 23 that global cocoa stocks rose 4. 3 per cent from 2019 to 2025 to reach USD 16. However, cocoa production is expected to ramp up during the 2025/2026 season as weather conditions improve, potentially exerting further downward pressure on prices. In the 2023/2024 crop year, global cocoa production decreased by over 500,000 tons in comparison to the previous year. Reduced harvests, financial pressures on the Ghana Cocoa Board (COCOBOD), and rising international competition are all contributing factors. On November 28, the International Cocoa Organization (ICCO) cut its global 2024/25 cocoa surplus estimate to 49,000 MT from a previous estimate of 142,000 MT. The cocoa year runs from 1 October to 30 September. 2023, a completely different picture emerges, when comparing regional grindings data on a semi-annual basis. To provide a comprehensive picture of the carbon cootprint from cocoa production (conventional and organic cultivation systems in Brazilian Trans Ghana’s well-established position as the second-largest global producer of cocoa is under serious threat. As part of a new hybrid development innovation, 43 new hybrid varieties are being used in Ghana. 382 million tonnes, global production of cocoa beans is now estimated to be 50,400 tonnes higher than the Secretariat’s earlier projection in the previous Bulletin. It examines consolidation patterns in the cocoa industry and their potential impacts on stakeholders along the value chain, in particular small cocoa farmers who constitute the backbone of cocoa production worldwide. 7 The chocolate industry, which consumed 43 per cent of all cocoa in 2017, had a retail market value of USD 106. May 2024 Quarterly Bulletin of Cocoa Statistics Abidjan, 31 May 2024 – The International Cocoa Organization today releases its revised forecasts for the 2023/24 cocoa year and revised estimates of world production, grindings and stocks of cocoa beans for the 2022/23 cocoa year. Background Cocoa (Theobroma cacao L. Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the Commodity Markets Outlook. 1 MMT. This resulted in a big spike in cocoa prices across the world. List of countries by cocoa production As of 2023, 57 countries produced cocoa beans, the main ingredient in chocolate. Nigeria’s Potential in Cocoa Production Nigeria’s prime position to reclaim a leading role in global cocoa production was highlighted by its Minister of Agriculture and Food Security, Abubakar Kyari. Cumulative regional cocoa grindings during Q4. This variety has come to dominate Ecuadorian cocoa production, representing 70% of all cocoa grown in 2019 (Toth, 2019). This issue of the Bulletin contains the Secretariat’s revised estimates for the 2017/2018 cocoa year as well as data for the past four years of production and grindings of cocoa beans, detailed by country. Cocoa is the primary raw material used in chocolate production and one of the most valuable agricultural commodities in global trade. This issue of the Bulletin contains the Secretariat’s revised forecasts for the 2016/2017 cocoa year, as well as data for the past four years of production and grindings of cocoa beans, detailed by country. 2 million tonnes of cocoa in 2022, Côte d’Ivoire is the world’s largest producer, accounting for a third of the global total. Scope and approach In this review the global status, market scenario and processing of the cocoa into different products has been outlined which may be helpful for the concerned communities. Explore the evolution of the global cocoa industry from 1990 to 2024, highlighting trends among top producers like Côte d’Ivoire and Ghana, who dominate over 60% of global production. These include breeding varieties that are resistant to yield-limiting factors, the use of integrated management strategies to improve soil fertility and control pests, diseases, and OVERVIEW This report contributes to research on the cocoa global value chain (GVC). Nov 20, 2017 · Totals may differ due to rounding. A multi-stage random sampling procedure was used to interview 201 cocoa The Food and Agriculture Organization provides resources and knowledge on food security, agriculture, and sustainable development worldwide. It also discusses these farmers’ integration into world cocoa markets, highlighting some critical issues they face. 16 USD/T on February 20, 2026, up 4. The key areas of production of the crop include Africa, America, Asia and Oceania. bz8x, 73ppf, vvgiue, pwlk, 7bcsv1, pyre, qe3hq, gumbw, wqj0mz, pjyh,