Market research

Not defatted cocoa paste market in Western Africa

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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"Western Africa" region includes following countries:

Cabo Verde

Benin

Gambia

Ghana

Guinea

Côte d'Ivoire

Liberia

Mali

Mauritania

Niger

Nigeria

Guinea-Bissau

Saint Helena, Ascension and Tristan da Cunha

Senegal

Sierra Leone

Togo

Burkina Faso

Earlier Report Observations

The market for not defatted cocoa paste in West Africa showed considerable movement between 2018 and 2023. Volume fell to 282 thousand tons in 2019 from 309 thousand tons the previous year, then rebounded sharply to 434 thousand tons in 2020.

Growth continued over the following years, with the market reaching 654 thousand tons in 2023. That year, the Ghana Cocoa Board implemented a major policy shift by increasing the producer price for cocoa by 58.2%, a measure designed to boost farmer income which subsequently encouraged production and supported market expansion.

In 2024, the operating environment shifted as adverse weather conditions led COCOBOD to revise its production target downward, while a 12.9% decline in global cocoa output intensified supply-side pressures across the region.

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 Western Africa
  1. 5.1.1. Annual dynamics of production in Western Africa in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  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, K t
  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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Cabo Verde in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Cabo Verde by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cabo Verde by countries, 2018-2024, M $ 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 Cabo Verde, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Cabo Verde 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, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Cabo Verde in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Cabo Verde by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cabo Verde by countries, 2018-2024, M $ 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 Cabo Verde, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Cabo Verde by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Cabo Verde in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Cabo Verde by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cabo Verde by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Cabo Verde, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Cabo Verde by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Cabo Verde in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Cabo Verde by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cabo Verde by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Cabo Verde, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Cabo Verde by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production not defatted cocoa paste in Western Africa

In kind, 2017-2020, K t

Top producers of not defatted cocoa paste, 2017-2020

Source: SHEV.io

World map of production of not defatted cocoa paste, 2017-2020

Source: SHEV.io

Production of not defatted cocoa paste in Western Africa has increased for the second consecutive year. In 2020, output reached 769.4 K t, marking a significant 30.6% year-over-year rise. Over the 2017-2020 period, production grew by 28.4%, with an average annual growth rate of 8.7%. The lowest production level was recorded in 2018 at 552.3 K t, which also saw the largest decline of 7.8%.

Annual dynamics of production in Western Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.8%)	6.7%	30.6%	8.7%

Source: SHEV.io

In value, 2017-2020, M $ US

The value of not defatted cocoa paste production in Western Africa has risen for the second year in a row. In 2020, production was valued at 2 536 M $ US, representing a sharp 54.3% increase compared to 2019. From 2017 to 2020, production value increased by 36.1%, with a compound annual growth rate of 10.8%. The minimum value occurred in 2018 at 1 550 M $ US, which also experienced the largest decline of 16.8%.

Annual dynamics of production in Western Africa in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(16.8%)	6.1%	54.3%	10.8%

Source: SHEV.io

Exports not defatted cocoa paste from Western Africa

Exports in kind, K t

Exports of not defatted cocoa paste from Western Africa have grown for the second consecutive year. In 2020, the region exported 335.7 K t, a 9.5% increase year-over-year. Over the 2017-2020 period, exports rose by 36.3%, with an average annual growth rate of 10.9%. The lowest export volume was in 2018 at 243.3 K t, which saw a decline of 1.2%. The largest increase occurred in 2019, with a 26.0% rise.

Annual dynamics of product's exports from Western Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.2%)	26.0%	9.5%	10.9%

Source: SHEV.io

From 2017 to 2020, the Netherlands, France, and the United States were the primary destinations for exports in kind. The Netherlands accounted for 34.3% of exports, France for 14.2%, and the United States for 11.4%. Together, these three countries represented 59.9% of total export flows.

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

Source: SHEV.io

World map of product's exports from Western Africa in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

The value of not defatted cocoa paste exports from Western Africa has increased for the second year in a row. In 2020, exports totaled 1 107 M $ US, showing a 29.3% improvement compared to the previous year. Over the 2017-2020 period, export value grew by 44.4%, with a compound annual growth rate of 13.0%. The minimum value was recorded in 2018 at 683 M $ US, which also saw the largest decline of 10.9%.

Annual dynamics of product's exports from Western Africa in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.9%)	25.3%	29.3%	13.0%

Source: SHEV.io

From 2017 to 2020, the Netherlands, France, and the United States remained the top buyers of not defatted cocoa paste from Western Africa in value terms. The Netherlands accounted for 34.0% of exports, France for 15.1%, and the United States for 11.6%. Collectively, these three countries represented 60.6% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Western Africa in value, 2017-2020

Source: SHEV.io

Imports not defatted cocoa paste to Western Africa

Imports in kind, K t

The import market for not defatted cocoa paste in Western Africa showed an unstable trend during this period. Imports reached their lowest point in 2017 and peaked in 2020, with a 60-fold difference between these years. In 2020, imports totaled 0.0 K t, reflecting a dramatic increase of 2,276.3% compared to 2019. The largest decline was recorded in 2019 at 8.3%.

Annual dynamics of product's imports to Western Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	173.5%	(8.3%)	2 276.3%	290.6%

Source: SHEV.io

From 2017 to 2020, Turkey dominated imports in kind, accounting for 71.1% of total flows. The remaining share was distributed among various smaller destinations.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

The import market displayed volatility over the observed period. The lowest value was recorded in 2019, while the highest occurred in 2020, with a peak-to-trough ratio of 72 times. In 2020, imports were valued at 0.0 M $ US, up by 7,120.2% compared to 2019. The minimum value was in 2019 at 0.0 M $ US, which also saw the largest decline of 92.6%.

Annual dynamics of product's imports to Western Africa in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	406.4%	(92.6%)	7 120.2%	200.3%

Source: SHEV.io

Throughout 2017 to 2020, two countries—the United Arab Emirates and Turkey—concentrated most of the import value for not defatted cocoa paste into Western Africa. Other markets were individually less significant.

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

Source: SHEV.io

World map of product's imports to Western Africa in value, 2017-2020

Source: SHEV.io