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- Cocoa facts and figures
Produced in the south - consumed in the north
Globally, cocoa farmers produce approximately five million tons of cocoa beans per year. The largest cocoa producing countries are Ivory Coast and Ghana, which account for almost 60% of global cocoa production. More than a third of cocoa beans are processed in Europe.
Most cocoa is produced in West Africa
In the last cocoa season, approximately 4.9 million tons of cocoa were produced worldwide. Ivory Coast and Ghana are by far the two largest cocoa producing countries, accounting for almost 60% of global cocoa production, followed by Ecuador with 9%. Indonesia is the largest production country in Asia.
Cocoa production has increased steadily over the past 40 years, with up to 95% of cocoa beans traded on international commodity markets. The cocoa market is volatile and subject to various trends and fluctuations. Ups and downs are caused, among other things, by political uncertainty, weather-related production shortages and overproduction in the producing countries. The last low price level was reached in 2016/2017, when a record harvest caused prices to fall to the lowest level in ten years. Since then, prices have risen steadily.
Europe is the largest processor of cocoa beans
Cocoa beans are processed all over the world into cocoa mass, cocoa butter, cocoa powder, chocolate or other cocoa products. A third of the annual harvest is milled in Europe. In the Netherlands alone, 628,000 tons – or 12% of the beans – are ground. Switzerland processes approximately 53,000 tons of cocoa, equivalent to approximately one percent of global cocoa production.
Import of cocoa to Switzerland
Switzerland imports cocoa beans mainly from Ghana and Ecuador. In 2022, approximately 142,187 tons of cocoa and cocoa products were imported into Switzerland. This corresponds to an import of approximately 124,145 tonnes of cocoa bean equivalents*. Only a small part is imported in the form of semi-finished or finished products. Cocoa bean equivalents are mainly exported in the form of unfilled chocolate and cocoa paste.
*The term cocoa bean equivalents refers to the sum of all imported cocoa products (i.e. cocoa butter, cocoa powder, etc.) converted into cocoa beans using the conversion factors established by ICCO. The conversion factors used to determine the bean equivalent for cocoa products: cocoa butter 1.33, cocoa paste/spirit 1.25, cocoa powder and cocoa cake 1.18, chocolate and chocolate products 0.40, chocolate products found to contain only half of the contain normal amount of cocoa.20cao. Source: ICCO, QBCS, Vol. XLVIII No. 1.