Cocoa Beans Prices in Madagascar
| Variety | Market level | Price (US$/kg) | Local (MGA) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Global benchmark | 4.16 | 18,407 | ▲ 22.4% | ▼ 53.7% | World Bank Pink Sheet |
| - | Export (unit value) | 5.09 | 22,523 | ▲ 123.8% | ▲ 123.8% | UN Comtrade (unit value) |
As of June 2026, the cocoa beans price in Madagascar available is US$ 5.09 per kg (22,523 MGA), up 123.8% year-on-year.
Madagascar is a net exporter of cocoa beans, ranking 15th among 80 global exporters in 2024 with exports valued at US$68 million (13,368 tonnes), accounting for 0.5% of global exports and showing a 157.5% year-on-year increase. The country produced 21,000 tonnes of cocoa beans in 2024, ranking 20th worldwide and representing 0.4% of global output, with a 5.0% annual growth. The latest export unit value is US$5.0903 per kg.
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Cocoa Beans Price History & Trend
Global benchmark (world reference) price for cocoa beans, US$ per kg.
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Production, Exports, Imports & HS Codes - cocoa beans in Madagascar
Madagascar is a net exporter of cocoa beans, ranking 15th among 80 global exporters in 2024 with exports valued at US$68 million (13,368 tonnes), accounting for 0.5% of global exports and showing a 157.5% year-on-year increase. The country produced 21,000 tonnes of cocoa beans in 2024, ranking 20th worldwide and representing 0.4% of global output, with a 5.0% annual growth. The latest export unit value is US$5.0903 per kg.
Exports UN Comtrade · 2024
In 2024, Madagascar exported $68M (13.4 kt) of cocoa beans▲ 157.5% YoY. That ranks #15 worldwide (0.5% of global exports).
Export value by year (US$)
Export volume by year
Top cocoa beans exporters worldwide UN Comtrade · 2024
- #1 Ivory Coast $3.99B · 29.8%
- #2 Ecuador $3.11B · 23.2%
- #3 Nigeria $1.63B · 12.2%
- #4 Netherlands $1B · 7.5%
- #5 Peru $795.7M · 5.9%
Annual export data Madagascar · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $68M | 13.4 kt | $5.09 |
| 2023 | $26.4M | 11.6 kt | $2.27 |
| 2022 | $27M | 15.4 kt | $1.75 |
| 2021 | $25M | - | - |
| 2020 | $23.5M | - | - |
Production FAOSTAT · 2024
Madagascar produced 21 kt of cocoa beans in 2024▲ 5% YoY. It ranks #20 among producing countries (0.4% of world output).
Production by year (tonnes)
HS Code
cocoa beans is traded under Harmonized System code 1801.00. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO); harvest season - FAO GIEWS Crop Calendar. Values are official reported figures.