How much cocoa does Nigeria produce and export?
Nigeria is the 5th largest producer of cocoa: 350,000 tonnes in 2024, 6.7% of the world's 5.2 million tonnes (FAOSTAT). It is the 3rd largest exporter by value: $2.2 billion in 2024, 12% of world exports of cocoa beans (HS 1801) (CEPII BACI). Its biggest customer is the Netherlands, which takes 35% of its cocoa exports by value.
All about cocoa · All about Nigeria · Cocoa price history
Nigeria's cocoa production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 5 | 350,000 tonnes | 6.7% | +0.6% a year | 2024 |
FAOSTAT Crops and livestock products (QCL), 2024. World total is the sum of reporting countries.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2024 |
|---|---|---|---|---|
| 9.6% | 10% | 9.2% | 6.3% | 6.7% |
Nigeria's cocoa exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 3 | $2.2 billion | 12% | 359,872 t | $6,181 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 1801 (Cocoa beans, whole or broken, raw or roasted).
Where Nigeria's cocoa goes
| Destination | Value | Share of Nigeria's exports |
|---|---|---|
| Netherlands | $776M | 35% |
| Malaysia | $649M | 29% |
| Belgium | $154M | 6.9% |
| Singapore | $93M | 4.2% |
| Germany | $87M | 3.9% |
How much cocoa Nigeria uses
Nigeria's domestic supply of cocoa was 2 thousand tonnes in 2023, <0.1% of the world's. Food supply was 0.1 kg per person a year, 109th highest of 134 countries with a million or more people. It produced 17500% of what it used (self-sufficiency) and imported 500%. FAO's item is "Cocoa beans and products". Consumption · Self-sufficiency.
The cocoa price Nigeria sells into
The benchmark price, Cocoa (ICE New York and London average), was $5.92/kg in September 2026, down 16% over twelve months. Its five-year volatility is 41% a year, calmer in 100% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Cocoa price history.
Cite as: Commodity Origins, "Nigeria cocoa: production, exports and prices", https://commodityorigins.com/countries/NGA/cocoa/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.