Product intelligence · HS 180100 · 2024 data

Cocoa beans: whole or broken, raw or roasted

Global exports of cocoa beans: whole or broken, raw or roasted totalled $16,524,682,190 in 2024, a +78.5% change from the previous year. Traded by 150 countries across 2,181 bilateral corridors, with demand from 165 importing markets. The long-term trend is rapid growth.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$16.5B

+78.5% YoY

3Y / 5Y CAGR

+20.8%

5Y: +14.6%

Supply structure

Diversified

HHI 0.125

Volatility

Low

Score 34/100

1.

Market movement

In 2024, cocoa beans: whole or broken, raw or roasted trade exhibited strong growth, with global flows reaching $16,524,682,190 and a three-year compound annual growth rate of +20.8% (five-year: +14.6%). The all-time peak of $16,524,682,190 was recorded in 2024.

Over the 30-year observation window (19952024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+13.7% acceleration).

The World Trade Flows Characterization classifies cocoa beans: whole or broken, raw or roasted as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is diversified (Herfindahl-Hirschman Index 0.125). The three largest exporters — Ivory Coast ($4.4B), Ecuador ($2.6B), and Nigeria ($2.5B) — collectively dominate supply flows. The leading exporter has grown at +2.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.109). The three largest import markets are Netherlands ($3.7B), Malaysia ($2.8B), and Germany ($1.7B). The largest importing market sources from 84 different supplying countries.

The dominant trade corridor is Ivory Coast → Netherlands at $1.2B, representing 31.6% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for cocoa beans: whole or broken, raw or roasted is 34 out of 100, classified as low. Trade flows are moderately variable, typical for goods with seasonal or cyclical demand patterns.

For market entrants, strong demand tailwinds create a favourable entry environment. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $16,524,682,190 in 2024.

YearGlobal trade (USD)YoY growth
2015$9,290,137,089+11.7%
2016$8,679,140,077-6.6%
2017$8,229,173,064-5.2%
2018$8,463,758,824+2.9%
2019$8,352,850,910-1.3%
2020$8,217,820,535-1.6%
2021$9,379,564,441+14.1%
2022$7,844,046,681-16.4%
2023$9,256,051,381+18.0%
2024$16,524,682,190+78.5%

Top exporting countries

Ranked by export value of cocoa beans: whole or broken, raw or roasted in 2024.

View all 150 exporters →

Top importing markets

Largest import destinations for cocoa beans: whole or broken, raw or roasted.

View all 165 markets →

Leading trade corridors

Largest bilateral export flows for cocoa beans: whole or broken, raw or roasted, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1Ivory CoastNetherlands$1.2B+16.8%
2NigeriaNetherlands$693.1M+42.5%
3NetherlandsGermany$644.0M+35.1%
4CameroonNetherlands$558.0M+17.8%
5NigeriaMalaysia$507.7M+58.4%
6EcuadorMalaysia$496.0M+82.3%
7MalaysiaSingapore$475.4M+33.1%
8Ivory CoastBelgium$457.9M-2.6%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.