
Mendoza, Boza, Manjarrez, 2022
January - March vol. 1. Num. 12 2022
production. Among them were Côte d'Ivoire (39.8%), Ghana (21.1%) and Indonesia (9.8%).
Another 20% is under the production of four major producers: Nigeria (5.5%), Brazil (4.8%),
Cameroon (4.6%) and Ecuador (4.6%). The other relatively minor players in the world market
at the moment are Colombia, Peru, Dominican Republic, Mexico and Papua New Guinea.
Cocoa is produced for two different markets: the fine flavor cocoa market and the conventional
non-flavored cocoa market. Production of the former is mostly concentrated in Ecuador, while
conventional non-flavored cocoa has volume sales for use in the production of confectionery
and commodities, with production concentrated in Côte d'Ivoire and Ghana. (International
Cocoa Organization (ICCO), 2020). .
The leading exporters of cocoa beans are Ivory Coast, followed by Ghana, Cameroon, Nigeria,
Togo, Ecuador and others in Central America, including El Salvador, Nicaragua, Costa Rica,
Honduras and Guatemala. They are followed in importance by Holland, Belgium, Germany
and France, participants mainly in the export of chocolates, since the industrial transformation
is mainly carried out in developed countries. France, Holland, Malaysia, Ivory Coast and
Indonesia not only commercialize, but have invested in the development of an industry that
processes cocoa beans and cocoa butter products, which have the capacity to compete in the
world market of processed chocolates. (Escuela Superior Politécnica del Litoral, 2016). .
According to the United Nations Conference on Trade and Development (UNCTAD), cocoa is
mainly consumed in developed countries, even though it is produced in developing countries.
Those companies that buy in consuming countries are the ones that further process and produce
chocolate. Demand for cocoa has been increasing, particularly in Asia, given the pressure from
those industries that have located in the region, which creates a very promising environment
for trade. In the cocoa market, the main opportunities are based on demand and consumption
figures. Considering current ICCO statistics, the European market will continue to be the
largest cocoa consuming area in the world. (UN Conference on Trade and Development, 2010)
Latin America, as a producing region, generates 70% of the world's total organic cocoa.
Venezuela, Ecuador and the Dominican Republic stand out as producers. Thus, organic cocoa
producers in the region have the possibility of not depending to a large extent on traditional
importers, inserting themselves into global production and service chains. In Ecuador, the main
producer and exporter of fine aroma cocoa, many of the small producers have managed to meet
the standards set by the large private companies, certifying their organic cocoa and trading
fairly. (United Nations, 2008) .
Many cocoa transnationals are now located in Ecuador. However, this country also has
important links with other companies that are involved as buyers in the industrialized cocoa
market, although these links are less relevant, since Ecuador is not as well known for its
chocolates as for its cocoa, which is due to the fact that when the product leaves the country, it
is refined in countries such as Switzerland and Belgium. (United Nations, 2008) .