World cocoa bean stocks for the 2024/25 season
Abidjan, 22 January 2026. The ICCO Expert Working Group on Stocks (EWG-S) met today, Thursday 22 January 2026 to review the level of world cocoa bean stocks. The EWG-S 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 and aims to improve transparency in the cocoa market.
| LOCATION OF THE ESTIMATED AND IDENTIFIED COCOA BEAN STOCKS (THOUSAND TONNES) |
30 SEPTEMBER 2023 | 30 SEPTEMBER 2024 | 30 SEPTEMBER 2025 |
|---|---|---|---|
| Stocks in cocoa importing countries (a) | 1,073 | 631 | 666 |
| Stocks in cocoa exporting countries (b) | 124 | 136 | 136 |
| Stocks in South-East Asia | 223 (c) | 112 (d) | 100 (d) |
| Total identified stocks | 1,420 | 879 | 902 |
| Manufacturers’ stocks | 97 | 94 | 90 |
| Cocoa beans in transit | 71 | 94 | 119 |
| Total estimated world cocoa bean stocks | 1,588 | 1,067 | 1,112 |
| Total identified world stocks as a percentage of total estimated world stocks | 90% | 82% | 81% |
| Total identified stocks as a percentage of statistically-derived stocks | 80% | 69% | 68% |
| ICCO statistically-derived stocks (e) | 1,764 | 1,275 | 1,324 |
Notes: Totals may differ from sum of constituents due to rounding.
a/ Importing countries include Belgium, Estonia, France, Germany, Italy, Latvia, the Netherlands, Poland, Russia, Spain, UK and licensed US warehouses
b/ Cameroon, Côte d’Ivoire, Ghana and Peru provided data for exporting countries
c/ The EWG-S estimated the stocks data for 30 September 2023 for Southeast Asia
d/ Data for September 2024 and September 2025 are reported by the Cocoa Association of Asia (CAA), but not all those invited to participate in the CAA survey provided data.
e/ Published in the ICCO Quarterly Bulletin of Cocoa Statistics, Volume LI, No. 4, Cocoa Year 2024/25.
The EWG-S estimates an increase in stocks of between 70,000 and 90,000 tonnes aggregated between Brazil, Japan, Turkey and other parts of South-East Asia. These figures are not included in the table above.
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 27 22 51 49 50/51 | Fax: +225 27 22 51 49 79 | E-mail: Carlos.Follana@icco.org
