Report Update May 1, 2025

Canada - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Cocoa Bean Market 2025

Cocoa Bean Market Size in Canada

In 2022, after two years of growth, there was decline in the Canadian cocoa bean market, when its value decreased by -1.2% to $X. In general, consumption, however, saw resilient growth. Cocoa bean consumption peaked at $X in 2021, and then shrank modestly in the following year.

Cocoa Bean Exports

Exports from Canada

In 2022, shipments abroad of cocoa beans increased by 477% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 2,559% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cocoa bean exports soared to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 2,146% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Estonia (X tons) and the Netherlands (X tons) were the main destinations of cocoa bean exports from Canada, together comprising 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +56.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for cocoa beans exports from Canada, comprising 73% of total exports. The second position in the ranking was taken by Estonia ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+89.1% per year) and the Netherlands (-15.3% per year).

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, surging by 18% against the previous year. Over the period under review, the export price enjoyed modest growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 129%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+20.9%), while the prices for the other major destinations experienced a decline.

Cocoa Bean Imports

Imports into Canada

In 2022, after two years of growth, there was decline in overseas purchases of cocoa beans, when their volume decreased by -1.1% to X tons. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 148%. Imports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, cocoa bean imports amounted to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 28%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Cote d'Ivoire (X tons) constituted the largest supplier of cocoa bean to Canada, with a 59% share of total imports. Moreover, cocoa bean imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), threefold. Ghana (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+21.2% per year) and Ghana (+13.5% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa beans to Canada, comprising 61% of total imports. The second position in the ranking was held by Ecuador ($X), with a 17% share of total imports. It was followed by Ghana, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+20.2% per year) and Ghana (+13.3% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2022, surging by 3.2% against the previous year. Over the period under review, the import price recorded a mild expansion. The pace of growth was the most pronounced in 2015 an increase of 73%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ghana ($X per ton) and Cote d'Ivoire ($X per ton), while the price for Nigeria ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?

The countries with the highest volumes of cocoa bean consumption in 2021 were Indonesia, Cote d'Ivoire and the Netherlands, with a combined 37% share of global consumption. These countries were followed by the United States, Germany, Malaysia, Brazil, Ghana, Nigeria, France, Turkey, Belgium and Canada, which together accounted for a further 43%.

What are the largest producers of cocoa beans in the world?

The country with the largest volume of cocoa bean production was Cote d'Ivoire, comprising approx. 39% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana, threefold. Indonesia ranked third in terms of total production with a 13% share.

What are the leading suppliers of cocoa beans to Canada?

In value terms, Cote d'Ivoire constituted the largest supplier of cocoa bean to Canada, comprising 59% of total imports. The second position in the ranking was occupied by Ghana, with a 16% share of total imports. It was followed by Nigeria, with a 12% share.

What are the leading importers of cocoa beans from Canada?

In value terms, the largest markets for cocoa bean exported from Canada were Estonia, the United States and the Netherlands, with a combined 97% share of total exports. These countries were followed by Belgium and France, which together accounted for a further 2.7%.

What is the average export price for cocoa beans in Canada?

In 2021, the average cocoa bean export price amounted to $2,023 per ton, surging by 60% against the previous year.

What is the average import price for cocoa beans in Canada?

In 2021, the average cocoa bean import price amounted to $2,549 per ton, flattening at the previous year.

This report provides an in-depth analysis of the cocoa bean market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 661 - Cocoa beans

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024