Cocoa Price Trend

Cocoa Price Trend, Index and Forecast

Track the latest insights on cocoa price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Cocoa Prices Outlook Q2 2025

• USA: US$ 10135/MT
• China: US$ 9122/MT
• South Korea: US$ 12375/MT
• Japan: US$ 9510/MT
• Argentina: US$ 10600/MT

Cocoa Price Chart

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During the second quarter of 2025, the cocoa prices in the USA reached 10135 USD/MT in June. Cocoa prices in the United States during Q2 2025 were influenced by increased procurement by the confectionery and bakery sectors ahead of the summer season. Disruptions in supply chains linked to West African shipping constraints affected import schedules. Additionally, speculative trading activity in the futures market and currency fluctuations against the West African CFA franc contributed to pricing volatility.

During the second quarter of 2025, cocoa prices in China reached 9122 USD/MT in June. In China, cocoa prices in Q2 2025 were impacted by stronger demand from the food processing sector, especially in urban centers. Inventory restocking by key manufacturers ahead of seasonal promotions also drove buying activity. Import costs were affected by changes in maritime freight charges and port congestion in select Southeast Asian hubs. Currency movements against the US dollar also shaped landed costs.

During the second quarter of 2025, the cocoa prices in South Korea reached 12375 USD/MT in June. Cocoa pricing in South Korea was shaped by a combination of elevated consumer demand in the premium chocolate segment and fluctuations in international shipping rates. The local food and beverage sector’s increased sourcing of cocoa-based ingredients contributed to sustained imports. Exchange rate shifts and inventory adjustments by large distributors also exerted an influence on procurement costs.

During the second quarter of 2025, the cocoa prices in Japan reached 9510 USD/MT in June. Japanese cocoa prices were affected by persistent yen depreciation, which increased import expenses. Rising demand from the domestic chocolate and dessert sectors during spring festivals also contributed to higher volumes of imports. Shifts in global cocoa contract pricing and delays at key supply ports in West Africa added logistical pressure, further influencing local pricing dynamics.

During the second quarter of 2025, the cocoa prices in Argentina reached 10600 USD/MT in June. Cocoa prices in Argentina were influenced by import policy uncertainty and regulatory delays in customs clearance. Currency instability against the US dollar increased procurement risks for local buyers. Seasonal demand from the processed foods sector contributed to forward purchasing activity. Additionally, constrained container availability from cocoa-exporting countries affected shipment schedules and raised transport-related costs.

Cocoa Prices Outlook Q1 2025

• USA: US$ 9340/MT
• China: US$ 8560/MT
• South Korea: US$ 11500/MT
• Netherlands: US$ 8800/MT
• Belgium: US$ 9700/MT

During the first quarter of 2025, the cocoa prices in the USA reached 9340 USD/MT in March. As per the cocoa price chart, the prices were influenced by the demand for chocolate and cocoa products, which exerted pressure on supplies. Besides, rising transportation costs, labor shortages, and other disruptions to existing supply chains also contributed to the price volatility. 

During the first quarter of 2025, cocoa prices in China reached 8560 USD/MT in March. The market displayed a range of patterns. Concerns about potential tariffs on cocoa from the United States, although not implemented in March, caused jitters among market participants, creating uncertainty about the global macroeconomic outlook. 

During the first quarter of 2025, the cocoa prices in South Korea reached 11500 USD/MT in March. Speculative trading in cocoa markets played a role in price fluctuations. Investors, reacting to supply concerns, contributed to price volatility through market movements.

During the first quarter of 2025, the cocoa prices in the Netherlands reached 8800 USD/MT in March. The Netherlands, being a significant cocoa processing and trading hub, was directly impacted by global price movements. The country's strategic position in the global cocoa supply chain reinforced its influence on European pricing trends during the quarter, balancing domestic demand with robust export activities.

During the first quarter of 2025, the cocoa prices in Belgium reached 9700 USD/MT in March. The weakening Euro against the dollar increased the cost of cocoa imports. Besides, EU sustainability regulations, including deforestation regulations, added compliance costs throughout the supply chain, further impacting prices. 

Cocoa Prices Outlook Q4 2023

• Ecuador: US$ 3224/MT
• Netherlands: US$ 2858/MT
• Belgium: US$ 3139/MT

In the fourth quarter of 2023, the price of cocoa in Ecuador reached 3224 USD/MT. The price of cocoa reached 2858 USD/MT during Q4 2023 in Netherlands. Meanwhile, during the fourth quarter of 2023, Belgium recorded the cocoa prices at 3139 USD/MT.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the cocoa prices.

Global Cocoa Price Trend

The report offers a holistic view of the global cocoa pricing trends in the form of cocoa price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of cocoa, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cocoa demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Cocoa Price Trend

Q2 2025:

As per the cocoa price index, the European market maintained high price levels due to finite supplies. Production output was hampered by maintenance plans at refineries. Overall consumption did not significantly increase in spite of these supply-side issues, especially in the agricultural input segment. The market remained solid due to stable usage and limited availability. As a result, sustained supply pressures and steady downstream demands supported the cocoa market's steady trajectory throughout the time frame.

Q1 2025:

As per the cocoa price index, prices in Europe changed due to a combination of factors, primarily driven by a global cocoa shortage and strong demand, despite some concerns about potential oversupply. Weather issues and disease in West Africa, which produces the majority of the world's cocoa, led to reduced harvests and limited supply. These supply-side constraints, coupled with resilient demand, pushed prices. 

Q4 2023:

European cocoa prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for cocoa can also be provided for an extensive list of European countries.

North America Cocoa Price Trend

Q2 2025:

As per the cocoa price index, in North America, cocoa prices in Q2 2025 were influenced by heightened demand from the confectionery and ready-to-eat dessert sectors. Procurement activity increased ahead of summer promotions, while fluctuations in futures markets introduced speculative pressures. Supply chain delays stemming from congestion at major Atlantic ports and variable inland transport costs impacted import timelines. Exchange rate movements and labor-related disruptions in logistics hubs also affected overall costs.

Q1 2025:

Prices were influenced by numerous factors, including supply constraints, global demand, and potential trade disruptions. Specifically, tightening supplies from major cocoa-producing regions due to weather conditions and disease, played a significant role in pushing prices. Additionally, strong global demand and rising production costs for cocoa and energy contributed to the price increase.

Q4 2023:

The analysis of cocoa prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific cocoa historical data within the United States and Canada can also be provided.

Middle East and Africa Cocoa Price Trend

Q2 2025:

As per the cocoa price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences. A tight supply from refineries, exacerbated by maintenance rounds and unplanned outages, put pressure on prices. Simultaneously, demand from the agrochemical sector during the planting season contributed to price changes.

Q1 2025:

The report explores the cocoa trends and cocoa price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Cocoa Price Trend

Q2 2025:

Cocoa prices across the Asia Pacific region were shaped by varying demand levels in the processed food and premium chocolate sectors. Strong procurement activity in key markets such as China, Japan, and South Korea contributed to regional demand pressure. Shipping route constraints, particularly through the Indian Ocean and Southeast Asian ports, caused logistical inefficiencies. Currency volatility against the US dollar further influenced landed import costs across multiple economies.

Q1 2025:

Stricter environmental regulations and logistical challenges impacted cocoa supply and trade. Besides, concerns about potential impact of dry weather on the current crop, similar to the previous year, added to the uncertainty and volatility in the market, affecting the industry. Moreover, anticipation of tariffs on cocoa imports in the United States, even before their implementation, caused jittering among market participants and raised concerns about global macroeconomic uncertainty.

Q4 2023:

The cocoa pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This cocoa price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Cocoa Price Trend

Q2 2025:

In Latin America, cocoa pricing was impacted by inconsistent import policies and domestic currency volatility. In Argentina specifically, delays in customs clearances and uncertainties surrounding foreign exchange availability affected importers' ability to secure timely supplies. Increased demand from the processed foods and confectionery sectors drove forward buying. Region-wide logistical limitations and increased container freight costs also placed upward pressure on procurement expenses.

Q1 2025:

Latin America's cocoa market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in cocoa prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the cocoa price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing cocoa pricing trends in this region.

Q4 2023:

The analysis of cocoa prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Cocoa Price Trend, Market Analysis, and News

IMARC's latest publication, “Cocoa Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the cocoa market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of cocoa at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed cocoa prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting cocoa pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Cocoa Industry Analysis

The global cocoa market size reached USD 16.88 Billion in 2024. By 2033​, IMARC Group expects the market to reach USD 26.6 Billion, at a projected CAGR of 4.94% during 2025-2033.

• Cocoa is essential in various snack products like chocolate bars, cocoa-coated nuts, and energy bites. The growing demand for healthier snacks among health-conscious individuals is driving the need for dark chocolate, which is seen as a better option because of its higher cocoa content and reduced sugar levels. Furthermore, the rising popularity of on-the-go snacking is catalyzing the need for convenient, single-serve cocoa products. Additionally, there is an emphasis on creating novel snack formulations and packaging, such as the introduction of organic and artisanal chocolate snacks, to cater to a broader audience. In addition, in December 2023, Mars China launched a new SNICKERS® bar with dark chocolate cereal and low-glycemic index cocoa, packaged in recyclable mono-material flexible packaging. This introduction represented progress in eco-friendly packaging, offering consumers a healthier snack with reduced sugar content.
• There is a heightened focus on sustainable and ethical sourcing practices as consumers and companies are becoming more conscious about the environmental and social impacts of cocoa production. In 2024, Johnvents Industries declared its participation in the Federation of Cocoa Commerce (FCC) as a voting member, highlighting its dedication to sustainable cocoa production and ethical marketing strategies. This achievement showed the company's commitment to advancing transparency and high quality in Nigeria's cocoa industry, benefiting all parties involved. Moreover, the rise of certifications guaranteeing eco-friendly and socially responsible production is further driving the demand for sustainably sourced cocoa. Leading chocolate manufacturers are responding by using certified cocoa to improve their brand reputation. For example, Nestlé introduced its new sustainably sourced chocolate line, which featured dark chocolate with high cocoa content and various nut options, at the 2023 TFWA World Exhibition in Cannes. The exclusive range available only in travel retail showcases Nestlé's dedication to environment-friendly practices and helping cocoa farmers.
• Cocoa butter, derived from cocoa beans, is a commonly used component in the beauty and personal care sector. Its hydrating and antioxidant properties are highly appreciated, which is why it is frequently included in lotions, creams, lip balms, and hair care products.

Cocoa News

The report covers the latest developments, updates, and trends impacting the global cocoa industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in cocoa production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cocoa price trend.

Latest developments in the Cocoa industry:

• March 2024: Cargill introduced its NatureFresh Professional line of block chocolates, chocolate chips, and cocoa powder designed specifically for the Indian bakery and confectionery sector. The company displayed its cutting-edge food solutions at the AAHAR 2024, emphasizing its dedication to providing secure, top-notch products and forming connections in the Indian market.
• February 2024: California Cultured teamed up with the Japanese chocolate company Meiji in a decade-long agreement to provide cell-based Flavanol Cocoa Powder for use in Meiji's goods. This partnership aimed to launch lab-grown chocolate in the market, tackling sustainability and supply issues in the cocoa sector.
• February 2023: Mars Wrigley India introduced GALAXY FUSIONS dark chocolate with 70% cocoa, entering the dark chocolate category. This initiative increased the manufacturing of GALAXY brand in India, with the goal of boosting its presence in the molded chocolates segment.

Product Description

Cocoa, which comes from the seeds of the Theobroma cacao tree, is known for its role in making chocolate. It comes in different types, such as Criollo, Forastero, and Trinitario, distinguished by the cacao bean variety and processing level.

Cocoa contains flavonoids that possess powerful antioxidant qualities, aiding in the reduction of oxidative stress by neutralizing harmful free radicals. It includes theobromine and phenylethylamine, which can trigger the brain to release serotonin and endorphins, enhancing mood and decreasing stress. It has inflammation-reducing qualities, which lower the chances of developing chronic illnesses by decreasing inflammation in the body. It consists of flavonoids that are associated with enhanced cognitive function and reduced chances of neurodegenerative ailments.

Cocoa is the primary component in chocolate products, including dark chocolate, milk chocolate, and white chocolate. Cocoa is used to make cocoa butter, which is commonly utilized in skincare items for its hydrating and antioxidant qualities, aiding in enhancing skin flexibility and diminishing the visibility of scars and stretch marks.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of cocoa pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting cocoa price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cocoa price charts ensure our clients remain at the forefront of the industry.