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Cocoa paste: top exporters and importers (2024)

In 2024, world trade in cocoa paste totaled $8 billion (1.3 million tonnes). The top exporters were Côte d'Ivoire (27%), the Netherlands (19%) and Germany (9%); the top importers were Germany (13%), the Netherlands (12%) and the United States (8%). Compared with 2019, the value rose 135%.

Summary

World trade
$8billion
Tonnes
1.3million tonnes
Price per tonne
$6,305
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Côte d'Ivoire$2.1 billion · 26.6%
  2. Netherlands$1.5 billion · 19.1%
    re-exports
  3. Germany$712 million · 8.9%
  4. Ghana$702 million · 8.8%
  5. Cameroon$296 million · 3.7%
  6. Malaysia$296 million · 3.7%
  7. France$294 million · 3.7%
  8. Indonesia$291 million · 3.6%
  9. Belgium$197 million · 2.5%
    re-exports
  10. Singapore$196 million · 2.4%
    re-exports
  11. Switzerland$173 million · 2.2%
  12. Ecuador$171 million · 2.1%
  13. Estonia$147 million · 1.8%
  14. Spain$116 million · 1.5%
  15. United Kingdom$90 million · 1.1%
  16. Peru$78 million · 0.97%
  17. Poland$77 million · 0.95%
  18. Slovakia$76 million · 0.95%
  19. Canada$70 million · 0.88%
  20. Nigeria$68 million · 0.85%

World supply

Côte d'Ivoire went from 15.2% to 26.6% of world exports of cocoa paste

In 2024, Côte d'Ivoire accounted for 26.6% of recorded world exports and the three largest exporters together for 54.5%. HHI: 1,313 out of 10,000; equivalent to 8 exporters of the same size.

Share of recorded exports, not of production: a country that produces a lot and consumes almost all of it may export little

Some of these goods may have been produced in another country: countries record origin in different ways.

Trend in supply

Share of world exports of the largest exporter and of the three largest

Share (%)

  • Largest exporter each year 26.6%
  • Three largest 54.5%

Source: CEPII BACI

Show the numbers
Year19952024
Largest exporter each year25.7%26.6%
Three largest55.8%54.5%

Countries where Côte d'Ivoire sells more than half of what they buy

Countries that buy more than half of this product from its largest exporter, with its share.

Top importers

  1. Germany$1 billion · 12.8%
  2. Netherlands$945 million · 11.8%
    re-exports
  3. United States$641 million · 8%
  4. France$521 million · 6.5%
  5. Belgium$510 million · 6.4%
    re-exports
  6. Poland$481 million · 6%
  7. Spain$455 million · 5.7%
  8. Italy$389 million · 4.8%
  9. Malaysia$238 million · 3%
  10. Russia$192 million · 2.4%
  11. Japan$178 million · 2.2%
  12. Australia$171 million · 2.1%
  13. Turkey$162 million · 2%
  14. Singapore$151 million · 1.9%
    re-exports
  15. China$146 million · 1.8%
  16. United Kingdom$131 million · 1.6%
  17. Canada$123 million · 1.5%
  18. Ukraine$109 million · 1.4%
  19. Switzerland$96 million · 1.2%
  20. Brazil$85 million · 1.1%

Trend

Who sells it

Côte d'Ivoire has been the top exporter since 1997

Value in USD billions. The five largest exporters in 2024.

  • Côte d'Ivoire 2.1
  • Netherlands 1.5
  • Germany 0.71
  • Ghana 0.7
  • Cameroon 0.3

Source: CEPII BACI

Show the numbers
Country19952024
Côte d'Ivoire0.082.1
Netherlands0.081.5
Germany0.140.71
Ghana0.010.7
Cameroon0.020.3

Price

Implied price

The price per tonne rose 248% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $6,305

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,814
1996$1,544
1997$1,606
1998$1,734
1999$1,576
2000$1,203
2001$1,372
2002$2,081
2003$2,757
2004$2,438
2005$2,205
2006$2,087
2007$2,450
2008$2,896
2009$3,224
2010$4,145
2011$4,302
2012$3,762
2013$3,354
2014$3,503
2015$3,554
2016$3,718
2017$3,176
2018$3,055
2019$2,924
2020$3,228
2021$3,377
2022$3,300
2023$3,794
2024$6,305

What it includes

  • 1803 · Cocoa paste

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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