Market research

Cocoa beans market in Micronesia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

From 2018 to 2023, the cocoa beans market volume in Micronesia remained relatively stable, declining slightly from 31 520 kg to 31 160 kg. This represents a decrease of less than 2% over the six-year period, with imports and exports being negligible throughout, meaning the market was entirely supplied by domestic production.

The global cocoa market experienced significant shifts during these years. In 2022, Côte d'Ivoire, the world's leading producer, processed 972 000 tonnes of cocoa beans, a 37.6% increase from 2017, reflecting a strong trend toward local industrialization. By 2023, unfavorable weather conditions in West Africa caused a supply deficit, with production drops of 20% in Côte d'Ivoire and 11% in Ghana, leading to record price surges on international futures markets.

The stability of Micronesia's cocoa bean production contrasts with the supply-driven volatility observed in the major global producing regions during the same period.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Micronesia
  1. 5.1.1. Annual dynamics of production in Micronesia in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Micronesia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Micronesia in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Micronesia by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Micronesia in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Micronesia by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Micronesia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Micronesia by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Micronesia in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Micronesia by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Micronesia in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Micronesia by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Micronesia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Micronesia by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production cocoa beans in Micronesia

In kind, 2017-2020, kg

Top producers of cocoa beans, 2017-2020

Source: SHEV.io

World map of production of cocoa beans, 2017-2020

Source: SHEV.io

Micronesia's cocoa bean production has declined for the third year in a row. In 2019, the country produced 31 420 kg of cocoa beans. The following year, in 2020, production showed minimal change, remaining nearly identical to the 2019 level.

Annual dynamics of production in Micronesia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.4%)	(0.1%)	(0.2%)	(0.2%)

Source: SHEV.io

Exports cocoa beans from Micronesia

Based on our research, Micronesia did not export any cocoa beans between 2017 and 2020.

Imports cocoa beans to Micronesia

Imports in kind, kg

Annual dynamics of product's imports to Micronesia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 through 2020, Grenada was consistently the primary and almost exclusive source for Micronesia's cocoa bean imports, representing 100.0% of the total volume.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Micronesia in kind, 2017-2020

Source: SHEV.io