What is the price of cocoa beans per kilogram/pound in US today?
The retail price range for US cocoa beans is between US$ 1.91 and US$ 5.74 per kilogram or between US$ 0.87 and US$ 2.60 per pound(lb). Click here to see today's exact prices of cocoa beans in US
The retail price range in Euro for cocoa beans is between EUR 1.76 and EUR 5.27 per kilogram or between EUR 0.80 and EUR 2.39 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US cocoa beans is between US$ 1.34 and US$ 4.02 per kilogram or between US$ 0.61 and US$ 1.82 per pound(lb).
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US Cocoa Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cocoa Beans from the US has seen a steady increase over the last five years. In 2017, the price was $3.21, followed by $3.26 in 2018, $3.15 in 2019, $2.96 in 2020, and $2.93 in 2021. The most recent data shows that the price has increased again to $3.01 in 2022. Based on this trend, it is likely that the export price per kilogram of Cocoa Beans from the US will continue to increase in the next two years, with an estimated price of $3.08 in 2023 and $3.15 in 2024.The cocoa beans exports from US are categorised as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
US Cocoa Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Beans into the US over the last five years has been relatively stable. In 2017, the price was $3.21, followed by $3.26 in 2018, $3.15 in 2019, $2.96 in 2020, and $2.93 in 2021. The highest price was in 2018, while the lowest was in 2020. The average price over the last five years was $3.09. Based on this trend, it is likely that the import price per kilogram of Cocoa Beans into the US in 2023 will be around $3.01, and in 2024 will be around $2.93.Export values for US cocoa beans
The total values in export for cocoa beans in US were US$ 82,979, US$ 65,278, US$ 21,124 and US$ 28,108 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in US: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cocoa beans in other countries across North America: Canada cocoa beans, US cocoa beans, Anguilla cocoa beans, Antigua and Barbuda cocoa beans, Bermuda cocoa beans, Bonaire, Sint Eustatius and Saba cocoa beans, St.Pierre and Miquelon cocoa beans, United States Minor Outlying Islands cocoa beans, Cayman Islands cocoa beans & Greenland cocoa beans.
US cocoa beans - Production, Exports, Imports, Seasons and HS Codes
The quantity of cocoa beans exported by US in 2020 was 11,206 metric tonnes. In 2019 US exported 8,924 tonnes of cocoa beans. For the year 2019 alone, the interest in US cocoa beans (processed category) has improved, changing by 37.759 % compared to the year 2018. Between 2017 and 2019, cocoa beans' exports reduced by -56.09 percent netting the nation US$28.11m for the year 2019. US' cocoa beans exports are categorised as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
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US cocoa beans export values
In 2019, US sold cocoa beans valued at 28.11m USD, a growth of 33.07% from 2018's total cocoa beans export of 21.124m USD. The annual increase in value of US cocoa beans between 2017 to 2018 was -67.64 per cent.
The annual/yearly variation in the amount of US' cocoa beans exports between 2017 and 2019 was -56.09 percent in comparison to a variation of 37.759% in the period between 2018 and 2019.
Export markets for US cocoa beans ( in '000$ )
US' leading destinations for cocoa beans are Canada, Spain, Indonesia, Estonia and the Netherlands.
US brought in 375,536 tonnes of cocoa beans in 2019.
The source of Cocoa Beans in the United States
Cocoa beans from the United States come from both the Oceanic State of Hawaii and abroad. Interestingly, Hawaii's growers only provide a small portion of this raw material for cocoa, and the larger remainder emanates from imports. The 2023 export value for cocoa beans from the US (including from Hawaii) was 4,599 tonnes, 50% lower than the 2022 exports.
To meet home demand, the United States imported 267,000 metric tonnes worth $761 million of cocoa beans in 2023, a 21.7% deficit from the 2022 import value. This was far lower than the the high value in 2019 of $961.2 million.
The three leading sources for US cocoa bean imports in 2023 were Ivory Coast at $448 million, Ecuador at $170 and Ghana with $139 million.
At the lowest price of $6.007 per kg at origin in February 2024, a standard markup of 8% was bringing U.S.’ cocoa bean retailers $6.48 per kg in February 2023.
At a maximum price of $7.77 per kg at origin, a standard markup of 8% was earning cocoa bean retailers $8.39 per kg on cocoa beans on April 8, 2024 in the United States.