Abidjan, 26 January 2023. The ICCO Expert Working Group on Stocks (EWGS) met today, Thursday 26 January 2023 to review the level of world cocoa bean stocks. The EWGS is composed of experts in the cocoa field who meet once a year, at the invitation of the ICCO, to review and analyse the results of the ICCO’s annual survey of cocoa bean stocks held in European warehouses as well as assess the level of global cocoa bean stocks. The survey is conducted every year (since 2000) and aims to improve transparency in the cocoa market.
|LOCATION OF THE ESTIMATED AND IDENTIFIED COCOA BEAN STOCKS||30 SEPTEMBER 2020||30 SEPTEMBER 2021||30 SEPTEMBER 2022|
|Stocks in cocoa importing countries||983||1,101||1,199|
|Stocks in cocoa exporting countries||214||312 ***||201 ****|
|Stocks in South-East Asia||199||223|
|Total identified stocks||1,187 **||1,606||1,620|
|Cocoa beans in transit||81||108||75|
|Total estimated world cocoa bean stocks||1,350 **||1,811||1,788|
|Total identified world stocks as a percentage of total estimated world stocks||88%||89%||91%|
|Total identified stocks as a percentage of statistically-derived stocks||69%||83%||100%|
|ICCO statistically-derived stocks*||1,719||1,928||1,622|
Notes: Totals may differ from sum of constituents due to rounding
* Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume XLVIII, No. 4, Cocoa Year 2021/22
** Do not include stocks data from South-East Asia
*** Do not include data from Brazil
**** Do not include data from Brazil and Togo
The EWGS notes that the statistically-derived stock is now lower than the estimated world cocoa beans stock identified through the survey.
The EWGS will meet with the ICCO Secretariat to review and if necessary revise the ICCO statistically derived stocks. While the ICCO Secretariat maintains, so far, its supply deficit estimate of 306,000 tonnes for 2021/22 as published in its latest QBCS, it may revise that figure in due course taking into account the outcome of this discussion.
For more information, please contact Carlos Follana, Marketing and Communication Coordinator, International Cocoa Organization, ICCO Building, II Plateaux ENA – Avenue Boga Doudou, Abidjan, Côte d’Ivoire; Tel: +225 22 51 49 50/51 | Fax: +225 22 51 49 79 | E-mail: Carlos.Follana@icco.org