Turkey: Cocoa Bean Market 2025

Cocoa Bean Market Size in Turkey

In 2022, the Turkish cocoa bean market decreased by -36.4% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a slight curtailment. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cocoa Bean Exports

Exports from Turkey

In 2022, approx. X tons of cocoa beans were exported from Turkey; reducing by -70.9% on 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 290% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cocoa bean exports declined notably to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 284% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons) was the main destination for cocoa bean exports from Turkey, accounting for a 89% share of total exports. Moreover, cocoa bean exports to Iran exceeded the volume sent to the second major destination, Ethiopia (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran was relatively modest.

In value terms, Iran ($X) remains the key foreign market for cocoa beans exports from Turkey, comprising 88% of total exports. The second position in the ranking was held by Ethiopia ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iran was relatively modest.

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, dropping by -11.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Ethiopia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+0.4%).

Cocoa Bean Imports

Imports into Turkey

In 2022, overseas purchases of cocoa beans decreased by -30.4% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 28%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cocoa bean imports contracted significantly to $X in 2022. Over the period under review, imports recorded a slight curtailment. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Cote d'Ivoire (X tons) constituted the largest supplier of cocoa bean to Turkey, with a 66% share of total imports. Moreover, cocoa bean imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Ghana (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Cote d'Ivoire stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (-10.4% per year) and Cameroon (+21.9% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of cocoa beans to Turkey, comprising 65% of total imports. The second position in the ranking was held by Ghana ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (-12.3% per year) and Cameroon (+21.0% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2022, shrinking by -11.5% against the previous year. In general, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 an increase of 10%. 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 stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per ton), while the price for Cameroon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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