Cocoa decreased 3,489.42 USD/MT or 30.33% since the beginning of 2025, 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 March of 2025.

Between 2016 and 2024, the monthly price of cocoa worldwide peaked in April 2024 at about 9,876 U.S. dollars per metric ton. Global cocoa industry Global cocoa production is expected to reach about 4.5 million tons in the 2023/2024 crop year. Most of the world’s cocoa beans are grown in Africa; in 2023/2024, about 3.2 million tons of cocoa beans were produced there, while about one million tons were grown in the Americas. Within Africa, Côte d'Ivoire and Ghana were the countries with the highest production of cocoa beans. Chocolate retail worldwide In 2016, Mars controlled a 14.4 percent share of the chocolate market worldwide, making it the single biggest player in the chocolate industry. Mars owns such chocolate brands as M&Ms, Snickers, and Dove. The countries with the highest per capita chocolate consumption are Switzerland, Austria, and Germany.

This statistic depicts the average annual prices for cocoa from 2014 through 2026*. In 2023, the average price for cocoa stood at 3.28 nominal U.S. dollars per kilogram.

This statistic shows the worldwide cocoa price from 2008 to 2023 in U.S. dollars per metric kilogram. In the 2023, the price per kilogram of cocoa was 3.28 U.S. dollars.

In December 2022, the cocoa bean price was $2,761 per ton CIF Germany, roughly the same as the previous month.

Ghana Export Price: Cocoa Products data was reported at 3,056.190 USD/Metric Ton in Mar 2018. This records an increase from the previous number of 3,039.200 USD/Metric Ton for Dec 2017. Ghana Export Price: Cocoa Products data is updated quarterly, averaging 3,320.610 USD/Metric Ton from Mar 2006 (Median) to Mar 2018, with 49 observations. The data reached an all-time high of 5,142.570 USD/Metric Ton in Dec 2009 and a record low of 1,618.770 USD/Metric Ton in Mar 2007. Ghana Export Price: Cocoa Products data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P003: Export Price.

In October 2022, the cocoa bean price amounted to $2,550 per ton (CIF, Spain), falling by -3.5% against the previous month.

In September 2022, the chocolate price amounted to $5,372 per ton (CIF, US), increasing by 7.5% against the previous month.

The price of cocoa butter in the United States for 2023 reached 5691 USD/MT. The price of cocoa butter in Germany for 2023 reached 5871 USD/MT.

Explore IMARC’s newly published report, titled “Cocoa Butter Pricing Report 2025: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of cocoa butter pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

In June 2022, the cocoa powder price per tonamounted to $3,470 per ton, increasing by 4.6% against the previous month.

As of June 2024, cocoa in Brazil was traded at an average price of 807.4 Brazilian reals per 14.7 kilograms (one arroba*), a significant increase of over 270 percent in comparison to the same month of the previous year. In the indicated period, the price of cocoa in Brazil reached a peak in June 2024. Cocoa production in Brazil was forecasted to reach 220 thousand metric tons in crop year 2022/2023.

The Report On Cocoa Beans Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa) Based On Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. It Also Offers Market Estimates and Forecasts in Terms of Value (USD) and Volume (Metric Tons) for all the Above Segments.

For the period between October and December 2023, the price of marketed cocoa in Côte d'Ivoire was measured at 2,731 West African CFA francs (XOF) per kilogram. This corresponded to roughly 4.5 U.S. dollars per kilogram. The market prices of the farm product are set to increase in the first quarter of 2024, and then follow a gradual quarterly decreasing trend.

In March 2023, the cocoa butter price stood at $5,136 per ton (FOB, Netherlands), with an increase of 2.7% against the previous month.

As of 2021, the price of cocoa in Ghana was projected at 2.4 U.S. dollars per kilogram. This price was forecast to reach 2.5 U.S. dollars per kilogram between 2022 and 2024. However, in 2025, it is expected that 2.6 U.S. dollars would be paid for every kilogram of cocoa purchased from Ghana. The country is a leading producer of cocoa worldwide.

Imports: Price: Transformation Industry: Cocoa Powder, Butter or Cocoa Paste data was reported at 7,427.992 USD/Ton in 16 Mar 2025. This records an increase from the previous number of 4,735.597 USD/Ton for 09 Mar 2025. Imports: Price: Transformation Industry: Cocoa Powder, Butter or Cocoa Paste data is updated daily, averaging 2,601.805 USD/Ton from Mar 2019 (Median) to 16 Mar 2025, with 256 observations. The data reached an all-time high of 7,427.992 USD/Ton in 16 Mar 2025 and a record low of 1,596.460 USD/Ton in 30 Jun 2019. Imports: Price: Transformation Industry: Cocoa Powder, Butter or Cocoa Paste data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA010: Imports: Economic Activity: Product: Price.

Imports: Price: Transformation Industry: Chocolate and Other Food Preparations Containing Cocoa data was reported at 10,077.453 USD/Ton in 16 Mar 2025. This records an increase from the previous number of 9,882.391 USD/Ton for 09 Mar 2025. Imports: Price: Transformation Industry: Chocolate and Other Food Preparations Containing Cocoa data is updated daily, averaging 7,575.939 USD/Ton from Mar 2019 (Median) to 16 Mar 2025, with 256 observations. The data reached an all-time high of 13,710.993 USD/Ton in 15 Dec 2024 and a record low of 4,713.252 USD/Ton in 09 May 2021. Imports: Price: Transformation Industry: Chocolate and Other Food Preparations Containing Cocoa data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA010: Imports: Economic Activity: Product: Price.

In June 2023, the price of cocoa butter was $4,580 per ton (CIF, China), maintaining stability from the previous month.

The cocoa liquor market value is expected to total US$ 7,021 million in 2023, according to Future Market Insights (FMI). The entire market value is expected to reach US$ 12,229.3 million by 2033, growing at a CAGR of 6% for 2023 to 2033.

Attribute	Details
Cocoa Liquor Industry Size (2018)	US$ 6,299.2 million
Cocoa Liquor Industry Size (2022)	US$ 6,751.03 million
Cocoa Liquor Market Size (2023)	US$ 7,021 million
Cocoa Liquor Market Size (2033)	US$ 12,229.3 million
Cocoa Liquor Market CAGR (2018 to 2022)	1.7%
Cocoa Liquor Market CAGR (2023 to 2033)	6%

Country-wise Insights

Country	The United States
Value Share % (2022)	21.8%

Country	Germany
Value Share % (2022)	20.6%

Country	India
Market CAGR % (2023 to 2033)	7.6%

Country	China
Market CAGR % (2023 to 2033)	6.7%

Category-wise Insights

Segment	Dutch
Value Share % (2022)	57%

Segment	Forastero
Value Share % (2022)	80%

Segment	Wafers
Value Share % (2022)	41%

Scope of Cocoa Liquor Market Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million for Value
Key Countries Covered	The United States, Canada, Germany, the United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, and South Africa
Key Segments Covered	Product Type, Cocoa Variety, Form, Application, and Region
Key Companies Profiled	Cargill Inc. The Archer Daniels Midland Company United Cocoa Processor, Inc. Blommer Chocolate Company Nestlé S.A Valrhona Barry Callebaut Cemoi JBCOCOA India Cocoa Charley's Others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

In 2020/2021, Ghana is estimated to have produced about 1047 thousand metric tons of cocoa beans, the most ever produced by the country. This is expected to increase again in 2023/2024 to about 580 thousand metric tons, however.

Top producers of cocoa beans Although cocoa beans originate from South America, the majority of cocoa bean production is attributed to Africa. In 2021/2022, Africa’s cocoa bean production amounted to around 3.6 million tons. On a country level, the top two producers of cocoa beans are Côte d'Ivoire and Ghana, with Côte d'Ivoire producing more than twice the volume of cocoa beans of Ghana.

Global cocoa bean market The global price of cocoa beans fluctuates from year to year, reaching a maximum of around three thousand U.S. dollars per metric ton in mid-2016 and dropping to around two thousand U.S. dollars per metric ton in 2017. The Netherlands and Côte d'Ivoire were the two biggest processors of cocoa beans in the 2021/2022 fiscal year.