Key Takeaways
- Global cocoa bean production was 4.67 million tonnes in 2022/23.
- Global cocoa bean production was 4.38 million tonnes in 2021/22.
- Global cocoa bean production was 4.84 million tonnes in 2020/21.
- In 2022, the average cocoa bean price (spot) was about USD 2,000/tonne (representative annual average used by World Bank).
- The World Bank Pink Sheet reports cocoa bean prices on a monthly basis; for example, the reference price was USD 3,320/metric tonne in May 2024.
- The ICCO daily cocoa price (Sep 2024) shows values above USD 10,000/tonne during peak periods.
- About 70% of the world’s cocoa is produced in Côte d’Ivoire and Ghana (commonly cited supply share).
- The ILO estimates there are 1.56 million children in child labor in Côte d’Ivoire’s cocoa sector (latest referenced estimate in ILO/UN).
- The ILO estimates there are 1.29 million children in child labor in Ghana’s cocoa sector (latest referenced estimate in ILO/UN).
- Global cocoa exports have a composition across raw beans and processed products; for example, cocoa bean trade dominates with HS 1801.
- Rainforest Alliance certified cocoa farms numbered over 1 million worldwide (reported certification scale).
- Fairtrade certified cocoa producers were about 1 million farmers globally (Fairtrade annual report metric).
- Global cocoa grindings in 2022/23 were 4.79 million tonnes (consumption proxy).
- Global cocoa grindings in 2021/22 were 4.62 million tonnes.
- Global cocoa grindings in 2020/21 were 4.72 million tonnes.
Global cocoa production rose slightly; Côte d’Ivoire leads, with small deficits, huge labor risks.
Production & Supply
Production & Supply Interpretation
Prices, Trade & Finance
Prices, Trade & Finance Interpretation
Labor, Child Safety & Human Rights
Labor, Child Safety & Human Rights Interpretation
Sustainability, Certification & Environmental Impact
Sustainability, Certification & Environmental Impact Interpretation
Demand, Processing & Market Structure
Demand, Processing & Market Structure Interpretation
References
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