Analysis and Studies - Products analysis
Cocoa: Market Analysis
December 13th 2021
Cocoa, in all its forms, represents a very important good for international trade.
According to OEC, in 2019, Cocoa and cocoa preparations were the world's 53rd most traded product, with a total trade of $50.9B. Common belief associate cocoa cultivation to African countries, and it is right: think that more than 70% of the world's production of cocoa comes from these four countries: Ivory Coast, Ghana, Nigeria and Cameroon.
Coming to international trade, the top exporters of cocoa and cocoa preparations are the following: Germany ($6.24B), Ivory Coast ($5.43B), Netherlands ($5.08B), Belgium ($3.77B), and Ghana ($2.58B). Instead, the top importers are: United States ($5.13B), Netherlands ($4.7B), Germany ($4.68B), France ($3.5B), and United Kingdom ($2.88B).
The average import tariff for this good category was, in 2018, 18.8%.
The countries with highest tariffs are: are Austria (96.9%), Bulgaria (44%), South Korea (38.3%), Cyprus (37.1%), and Iran (37.1%).
The countries with lowest tariffs are: Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
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