Cocoa Price

Cocoa: 5.61 USD/kg (World, 2026-07). Source: World Bank.

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Notable price events

2023-24 cocoa price surge — Poor harvests in Ivory Coast and Ghana - driven by aging trees, crop disease and an El Niño-linked drought hitting both countries at once - drove world cocoa prices to roughly three times their level of two years earlier, one of the sharpest sustained moves in any commodity tracked on this site.

About Cocoa

Grown almost entirely in a narrow band near the equator; Ivory Coast and Ghana together supply roughly 60% of the world's cocoa, making prices unusually sensitive to weather and crop disease in just those two countries. That concentration was on stark display in 2023-24, when poor harvests in both countries - driven by aging trees, disease and an El Niño-linked drought hitting at once - drove world cocoa prices to roughly three times their level of two years earlier. Demand is relatively stable — chocolate consumption doesn't swing much with the economy — so most price volatility comes from the supply side.

Latest World price (2026-07): +16% vs. the 5-year average, +57% vs. the 10-year average, -24% vs. a year ago.

Top Cocoa Producers

Rank	Country
1	Côte d’Ivoire	1,822,441 t	0.5 t/ha
2	Ghana	653,700 t	0.6 t/ha
3	Indonesia	632,117 t	0.5 t/ha
4	Ecuador	375,719 t	0.7 t/ha
5	Nigeria	350,000 t	0.3 t/ha
6	Cameroon	300,000 t	0.5 t/ha
7	Brazil	296,114 t	0.5 t/ha
8	Peru	166,936 t	0.8 t/ha
9	Colombia	59,831 t	0.3 t/ha
10	Dominican Republic	59,811 t	0.6 t/ha
11	Papua New Guinea	43,200 t	0.4 t/ha
12	Congo - Kinshasa	42,000 t	0.6 t/ha
13	Uganda	39,861 t	0.5 t/ha
14	India	30,000 t	0.3 t/ha
15	Liberia	30,000 t	0.2 t/ha
16	Venezuela	29,411 t	0.4 t/ha
17	Mexico	29,047 t	0.6 t/ha
18	Guinea	23,739 t	0.5 t/ha
19	Madagascar	20,000 t	0.9 t/ha
20	Togo	20,000 t	1.0 t/ha
21	Tanzania	15,000 t	0.7 t/ha
22	Sierra Leone	12,080 t	0.3 t/ha
23	Guatemala	11,727 t	2.6 t/ha
24	Philippines	10,759 t	0.3 t/ha
25	Congo - Brazzaville	10,000 t	0.3 t/ha
26	Nicaragua	9,317 t	0.6 t/ha
27	Bolivia	5,971 t	0.6 t/ha
28	São Tomé & Príncipe	4,000 t	0.1 t/ha
29	Solomon Islands	4,000 t	0.4 t/ha
30	Haiti	2,500 t	0.5 t/ha
31	Honduras	2,000 t	0.3 t/ha
32	Cuba	1,668 t	0.2 t/ha
33	Vanuatu	1,500 t	0.5 t/ha
34	Vietnam	1,500 t	0.5 t/ha
35	Sri Lanka	1,321 t	0.8 t/ha
36	Costa Rica	800 t	0.1 t/ha
37	Panama	562 t	0.1 t/ha
38	Dominica	500 t	0.1 t/ha
39	Equatorial Guinea	500 t	0.1 t/ha
40	Guyana	488 t	0.4 t/ha
41	Samoa	483 t	0.2 t/ha
42	Angola	466 t	0.2 t/ha
43	El Salvador	371 t	0.4 t/ha
44	Grenada	364 t	0.6 t/ha
45	Malaysia	269 t	0.0 t/ha
46	Belize	233 t	0.3 t/ha
47	St. Vincent & Grenadines	230 t	0.3 t/ha
48	Timor-Leste	178 t	0.1 t/ha
49	Jamaica	151 t	0.3 t/ha
50	Central African Republic	136 t	0.1 t/ha
51	Thailand	123 t	2.9 t/ha
52	Fiji	118 t	2.0 t/ha
53	Gabon	100 t	0.1 t/ha
54	Trinidad & Tobago	46 t	0.1 t/ha
55	Comoros	44 t	0.3 t/ha
56	Micronesia (Federated States of)	31 t	0.4 t/ha
57	St. Lucia	18 t	0.3 t/ha
58	Suriname	5 t	0.0 t/ha

FAOSTAT production data, 2023. World average yield: 0.5 t/ha.

Top Cocoa Importers

Rank	Country
1	Netherlands	898,771 t
2	Malaysia	533,013 t
3	Germany	435,293 t
4	Belgium	325,919 t
5	Indonesia	276,683 t
6	United States	269,073 t
7	France	147,057 t
8	Canada	125,999 t
9	Türkiye	120,517 t
10	Italy	101,266 t
11	Spain	97,851 t
12	Singapore	94,448 t
13	Russia	64,200 t
14	United Kingdom	60,058 t
15	Switzerland	56,981 t
16	Brazil	43,299 t
17	Japan	41,378 t
18	Bulgaria	37,451 t
19	Austria	23,093 t
20	India	20,657 t
21	Estonia	16,863 t
22	Mexico	16,776 t
23	China	13,976 t
24	Poland	11,714 t
25	Kazakhstan	9,643 t
26	Slovakia	8,857 t
27	United Arab Emirates	7,260 t
28	Iran	7,070 t
29	Tunisia	6,758 t
30	Ghana	6,137 t
31	South Korea	5,479 t
32	Guatemala	5,003 t
33	Serbia	4,217 t
34	Greece	4,168 t
35	Belarus	3,861 t
36	Ukraine	3,636 t
37	New Zealand	3,051 t
38	Lithuania	2,829 t
39	Algeria	2,736 t
40	Croatia	2,166 t
41	Cambodia	1,667 t
42	Armenia	1,290 t
43	Uganda	1,218 t
44	El Salvador	903 t
45	Mauritius	650 t
46	Philippines	631 t
47	Nigeria	524 t
48	Argentina	496 t
49	Australia	463 t
50	Panama	277 t
51	Dominican Republic	171 t
52	Togo	166 t
53	Portugal	162 t
54	Senegal	150 t
55	Costa Rica	139 t
56	Colombia	118 t
57	South Africa	97 t
58	Djibouti	91 t
59	Peru	88 t
60	Czechia	87 t
61	Ireland	81 t
62	Sweden	78 t
63	Madagascar	75 t
64	Burkina Faso	70 t
65	Bangladesh	65 t
66	Bosnia & Herzegovina	61 t
67	Denmark	51 t
68	Israel	50 t
69	Chile	42 t
70	Finland	41 t
71	Benin	41 t
72	Papua New Guinea	41 t
73	Honduras	39 t
74	Hong Kong SAR China	38 t
75	Latvia	38 t
76	Mozambique	27 t
77	Ecuador	26 t
78	Slovenia	22 t
79	Uzbekistan	22 t
80	Norway	22 t
81	Hungary	20 t
82	Dominica	18 t
83	Taiwan	17 t
84	Saudi Arabia	17 t
85	Cameroon	16 t
86	Romania	16 t
87	North Macedonia	15 t
88	Iceland	13 t
89	Oman	11 t
90	Guinea	11 t
91	Luxembourg	7 t
92	Bahrain	6 t
93	Morocco	6 t
94	Thailand	4 t
95	Gabon	3 t
96	Congo - Brazzaville	2 t
97	Bahamas	2 t
98	Barbados	2 t
99	Namibia	2 t
100	Georgia	2 t
101	Lebanon	1 t
102	Tanzania	1 t
103	Kuwait	1 t
104	Cyprus	1 t
105	Angola	1 t
106	Sri Lanka	1 t
107	Jordan	1 t
108	Malawi	1 t
109	Macao SAR China	1 t
110	Malta	1 t
111	Fiji	1 t
112	Jamaica	1 t
113	Seychelles	0 t
114	St. Lucia	0 t
115	Côte d’Ivoire	0 t
116	Congo - Kinshasa	0 t
117	Uruguay	0 t
118	New Caledonia	0 t
119	Timor-Leste	0 t
120	Nicaragua	0 t
121	Ethiopia	0 t
122	Kyrgyzstan	0 t
123	Antigua & Barbuda	0 t
124	Egypt	0 t
125	Montenegro	0 t
126	Afghanistan	0 t
127	Iraq	0 t
128	Mongolia	0 t
129	Moldova	0 t
130	French Polynesia	0 t
131	Kenya	0 t
132	Niger	0 t
133	Zimbabwe	0 t
134	Azerbaijan	0 t
135	Equatorial Guinea	0 t
136	Eswatini	0 t
137	Faroe Islands	0 t
138	Palau	0 t
139	Zambia	0 t

FAOSTAT trade data, 2023.

Top Cocoa Exporters

Rank	Country
1	Côte d’Ivoire	1,339,307 t
2	Ghana	433,288 t
3	Ecuador	362,726 t
4	Nigeria	329,105 t
5	Belgium	219,927 t
6	Papua New Guinea	216,922 t
7	Netherlands	202,036 t
8	Cameroon	180,096 t
9	Malaysia	104,371 t
10	Guinea	76,345 t
11	Peru	71,272 t
12	Dominican Republic	66,012 t
13	Congo - Kinshasa	63,971 t
14	Uganda	47,470 t
15	Sierra Leone	18,039 t
16	Indonesia	14,451 t
17	Togo	13,799 t
18	Tanzania	12,383 t
19	Madagascar	11,617 t
20	Estonia	10,175 t
21	United States	9,377 t
22	Germany	7,325 t
23	United Arab Emirates	7,103 t
24	Nicaragua	5,929 t
25	Venezuela	4,398 t
26	Colombia	4,226 t
27	São Tomé & Príncipe	3,545 t
28	Solomon Islands	3,483 t
29	Canada	3,444 t
30	Philippines	2,690 t
31	Haiti	2,566 t
32	Italy	1,931 t
33	Türkiye	1,862 t
34	Liberia	1,447 t
35	Vietnam	981 t
36	United Kingdom	977 t
37	Congo - Brazzaville	867 t
38	Vanuatu	854 t
39	France	764 t
40	Spain	720 t
41	Panama	681 t
42	Equatorial Guinea	503 t
43	Brazil	486 t
44	Honduras	470 t
45	Switzerland	468 t
46	Cuba	429 t
47	Bolivia	362 t
48	Grenada	313 t
49	Costa Rica	291 t
50	China	251 t
51	Poland	169 t
52	Lithuania	150 t
53	Guatemala	146 t
54	Djibouti	91 t
55	Sri Lanka	84 t
56	India	70 t
57	Belize	64 t
58	St. Vincent & Grenadines	60 t
59	Armenia	47 t
60	Bulgaria	32 t
61	El Salvador	30 t
62	Thailand	27 t
63	Trinidad & Tobago	26 t
64	Japan	25 t
65	Central African Republic	25 t
66	Latvia	24 t
67	Ukraine	21 t
68	Jamaica	21 t
69	Samoa	20 t
70	Mexico	19 t
71	Comoros	18 t
72	Greece	18 t
73	St. Lucia	16 t
74	North Macedonia	16 t
75	Czechia	16 t
76	Hungary	8 t
77	Chile	7 t
78	Singapore	7 t
79	South Africa	6 t
80	Australia	6 t
81	Cambodia	5 t
82	Austria	4 t
83	Portugal	3 t
84	Denmark	3 t
85	Serbia	3 t
86	Slovakia	2 t
87	Rwanda	2 t
88	New Zealand	2 t
89	Fiji	2 t
90	Sweden	1 t
91	Russia	1 t
92	Kenya	1 t
93	Slovenia	1 t
94	Mauritius	1 t
95	Oman	0 t
96	Dominica	0 t
97	Croatia	0 t
98	Guyana	0 t
99	Kuwait	0 t
100	Ireland	0 t
101	Taiwan	0 t
102	Luxembourg	0 t
103	Finland	0 t
104	Lebanon	0 t
105	Bahrain	0 t
106	Belarus	0 t
107	Romania	0 t
108	Syria	0 t
109	French Polynesia	0 t
110	Iran	0 t
111	Algeria	0 t
112	Benin	0 t

FAOSTAT trade data, 2023.

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