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Cocoa powder: top exporters and importers (2024)

In 2024, world trade in cocoa powder totaled $4.7 billion (1.1 million tonnes). The top exporters were the Netherlands (27%), Malaysia (15%) and Indonesia (10%); the top importers were the United States (9%), Russia (5%) and China (5%). Compared with 2019, the value rose 95%.

Summary

World trade
$4.7billion
Tonnes
1.1million tonnes
Price per tonne
$4,212
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Netherlands$1.3 billion · 26.9%
    re-exports
  2. Malaysia$712 million · 15.1%
  3. Indonesia$462 million · 9.8%
  4. Germany$427 million · 9%
  5. Spain$328 million · 6.9%
  6. Singapore$250 million · 5.3%
    re-exports
  7. France$205 million · 4.3%
  8. Brazil$114 million · 2.4%
  9. Ghana$110 million · 2.3%
  10. Turkey$103 million · 2.2%
  11. Côte d'Ivoire$97 million · 2.1%
  12. United States$93 million · 2%
  13. Peru$61 million · 1.3%
  14. Belgium$56 million · 1.2%
    re-exports
  15. Switzerland$55 million · 1.2%
  16. Italy$49 million · 1%
  17. Bulgaria$38 million · 0.8%
  18. Uruguay$36 million · 0.76%
  19. Canada$34 million · 0.73%
  20. China$25 million · 0.54%

Top importers

  1. United States$446 million · 9.4%
  2. Russia$251 million · 5.3%
  3. China$250 million · 5.3%
  4. India$239 million · 5.1%
  5. Turkey$179 million · 3.8%
  6. Netherlands$176 million · 3.7%
    re-exports
  7. Germany$171 million · 3.6%
  8. France$162 million · 3.4%
  9. Italy$147 million · 3.1%
  10. Philippines$146 million · 3.1%
  11. Indonesia$138 million · 2.9%
  12. Belgium$135 million · 2.9%
    re-exports
  13. Canada$114 million · 2.4%
  14. Japan$112 million · 2.4%
  15. Poland$109 million · 2.3%
  16. Thailand$96 million · 2%
  17. United Kingdom$92 million · 2%
  18. Australia$88 million · 1.9%
  19. Egypt$82 million · 1.7%
  20. Argentina$75 million · 1.6%

Trend

Who sells it

The Netherlands was the top exporter throughout the period

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

  • Netherlands 1.3
  • Malaysia 0.71
  • Indonesia 0.46
  • Germany 0.43
  • Spain 0.33

Source: CEPII BACI

Show the numbers
Country19952024
Netherlands0.221.3
Malaysia0.020.71
Indonesia0.010.46
Germany0.040.43
Spain0.010.33

Price

Implied price

The price per tonne rose 236% since 1995

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

  • 2024: $4,212

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,254
1996$1,157
1997$1,035
1998$1,062
1999$1,084
2000$1,008
2001$1,153
2002$1,826
2003$2,668
2004$2,436
2005$1,820
2006$1,533
2007$1,645
2008$1,824
2009$2,116
2010$3,468
2011$4,685
2012$4,619
2013$3,586
2014$2,652
2015$2,498
2016$2,850
2017$2,545
2018$2,347
2019$2,292
2020$2,447
2021$2,789
2022$3,065
2023$3,307
2024$4,212

What it includes

  • 1805 · Cocoa powder

Products in the same chapter

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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