Cocoa bean exports to EU: Ghana ranked 4th in Africa – Fitch Solutions

“In our view, this traditional model of exporting raw cocoa beans for processing elsewhere will face growing pressure over the coming years, with implications on the composition and direction of global cocoa trade flows”, Fitch Solutions alluded West Africa Remains Cornerstone of Cocoa Bean Production, Not Processing The Uk-based firm continued that West Africa’s export profile highlights the extent to which cocoa trade in the region remains concentrated in upstream products, while higher-value cocoa products including cocoa paste, butter, powder and chocolate are predominantly exported by the EU.

According to CNBC Africa, Nigeria, Côte d’Ivoire, Ghana and Cameroon jointly account for roughly 70% of global cocoa production yet capture only about 6% of the value of a finished chocolate bar.” “West Africa remains the dominant player in global cocoa markets, accounting for roughly 65% of global production and over half of global cocoa bean exports.