Between 2016 and 2024, the monthly price of cocoa worldwide peaked in April 2024 at about ***** U.S. dollars per metric ton. Global cocoa industry Global cocoa production is expected to reach about *** million tons in the 2023/2024 crop year. Most of the world’s cocoa beans are grown in Africa; in 2023/2024, about *** million tons of cocoa beans were produced there, while about *** 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 **** 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.

Cocoa rose to 8,275.30 USD/T on July 14, 2025, up 1.20% from the previous day. Over the past month, Cocoa's price has fallen 18.06%, and is down 3.20% 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 July of 2025.

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

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.

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

Ghana Export Price: Cocoa Beans data was reported at 2,225.320 USD/Metric Ton in Mar 2018. This records a decrease from the previous number of 2,318.970 USD/Metric Ton for Dec 2017. Ghana Export Price: Cocoa Beans data is updated quarterly, averaging 2,672.150 USD/Metric Ton from Mar 2006 (Median) to Mar 2018, with 49 observations. The data reached an all-time high of 3,370.400 USD/Metric Ton in Mar 2011 and a record low of 1,555.600 USD/Metric Ton in Sep 2006. Ghana Export Price: Cocoa Beans 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.

Graph and download economic data for Global price of Cocoa (PCOCOUSDM) from Jan 1990 to Apr 2025 about cocoa, World, and price.

In July 2022, the cocoa bean price per ton amounted to $2,642 per ton, rising by 3.3% against the previous month.

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 July 2022, the cocoa bean price amounted to $2,877 per ton (CIF, Mexico), surging by 5.8% against the previous month.

In 2020/2021, Ghana is estimated to have produced about **** thousand metric tons of cocoa beans, the most ever produced by the country. This is expected to increase again in 2023/2024 to about *** 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 *** 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**************d U.S. dollars per metric ton in mid-2016 and dropping to around ************ 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.

In February 2023, the cocoa bean price amounted to $2,912 per ton (CIF, Poland), growing by 2.4% against the previous month.

In 2024, the global cocoa bean market increased by 36% to $23.2B, rising for the second year in a row after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2024: its value increased at an average annual rate of +4.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +46.1% against 2022 indices.

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.

2018 - Malaysia: Annual Average Price of Cocoa Beans (SMC2) Dry Cocoa Beans (RM/Metric Tonne) Yearly Average Prices Year - TAWAU, RAUB, KUCHING No. of Views : 77

In February 2025, the average cocoa bean import price amounted to $9,777 per ton, growing by 15% against the previous month.

In May 2022, the cocoa bean price per ton stood at $2,722 (CIF, US), increasing by 3.2% against the previous month.

As of January 2018, the export value of cocoa beans from Ghana was at ***** million U.S. dollars. At that year, the country was the second highest exporter of cocoa beans in the world. In April 2017, the export value amounted to ***** million U.S. dollars, an increase of ****** U.S. dollars compared to February 2017. However, in September 2017, the earnings with exports decreased significantly to roughly ************* U.S. dollars, but saw an increase of ***** million U.S. dollars by December that same year. The annual export value of cocoa beans in Ghana was expected to reach roughly *** billion U.S. dollars in 2019, with an average price measured at ***** U.S. dollars per ton in January.

Cocoa bean production in Papua New Guinea reached ** thousand tons in 2019. Papua New Guinea’s cocoa production was seriously affected by an outbreak of Cocoa Pod Borer in 2008. Despite production remaining relatively stable over the past few years, volumes have struggled to recover to pre-2008 levels since the outbreak.

What is cocoa’s contribution to Papua New Guinea’s economy

Cocoa is farmed across the entire country, having a presence in ** out of 22 provinces. At least *** thousand Papua New Guinean families rely on cocoa farming for their livelihood, and the economic contribution was estimated as *** million Papua New Guinean kina (about ** million U.S. dollars).

On a global scale, cocoa production in Papua New Guinea was not significant - Côte d'Ivoire, for example, produced ***** thousand tons in the same year. Despite this, Papua New Guinea has a global reputation of producing some of the highest quality cocoa in the world. Currently, most of the country’s cocoa exports are to the Asia region, however, initiatives to develop specialty markets have been recently introduced. The global cocoa price was ***** U.S. dollars per metric ton as of June 2019.

While European and United States markets are responsible for the highest consumption volumes of cocoa respectively, growth in cocoa consumption is being driven by emerging markets such as Brazil, China, and India. With upcoming demand expected to exceed supply according to the International Cocoa Organisation (ICCO), the future for Papua New Guinean cocoa looks promising.

In March 2023, the price of Cocoa Beans stood at $2,475 per ton (CIF, India), maintaining stability compared to the previous month.