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Value of Peruvian Cocoa Exports Rises As of May

By: Diana Delgado, Contractor

Value of Peruvian Cocoa Exports Rises As of May

 
  • Diana Delgado
  • Latin American correspondent
  • diana.delgado@stonex.com

Value of Peruvian Cocoa Exports Rises As of May

Commodities Network (Bogota)- Peruvian cocoa exports reached 25,663 tons during January-May, generating an FOB value of US$250.2 million. Although the export volume is slightly lower than the 27,180 tonnes for the same period in 2024, the FOB value increased from $164 driven by the increase in the average price, which rose from US$6,041/ton in 2024 to US 9,751/ton in 2025, the Peruvian coffee and cocoa chamber said.

In May 2025, the exported volume was 6,779 tons, slightly higher than the same month in 2024 (6,397 tons). However, the average FOB value remained high, at USD 9,160/ton, compared to USD 8,526/ton the previous year. On the New York Stock Exchange, the average price for May was USD 8,989/ton.

During the first five months, the main destinations for Peruvian cocoa were the United States (3,937 tons), Mexico (3,600 tons), the Netherlands (3,523 tons), Spain (2,942 tons), and Italy (2,433 tons). Together, these five countries accounted for 68% of the total volume exported during that period, reflecting their strategic importance for the national cocoa sector. In terms of value, the United States led the way with purchases worth $42.1 million, followed by the Netherlands ($34.1 million), Mexico ($32.0 million), Spain ($29.1 million), and Italy ($24.9 million)-.

Analysis of cocoa market

The international cocoa price resumed its upward trend in May, approaching $10,900 per ton, after reaching a high of $10,932 per ton in mid-month. This increase is due to adverse weather conditions in Côte d'Ivoire, which have affected the quality of the beans, the chamber said. Despite a 10% increase in exports from the African country compared to the same period last year, the rise in rejections due to poor quality has kept pressure on prices. Dry weather in West Africa could delay the development of the next harvest, reinforcing market volatility. Although recent rains have slightly improved the outlook, uncertainty persists. Meanwhile, cocoa stocks are increasing, and concerns have grown about the profitability and sustainability of major global chocolate brands, many of which have lowered their production projections. In this challenging context, Peru continues to consolidate its position as a reliable supplier of premium cocoa, the coffee and cocoa chamber noted.

Analysis of the Volume and Value of Cocoa By-Product Exports

In January and May 2025, Peruvian cocoa by-product exports totaled 20,567 tons, generating a FOB value of USD 238.66 million. Cocoa butter consolidated its position as the main exported product, accounting for 54.3% of the total export value in this category.

Other relevant derivatives in the export portfolio were:

• Cocoa butter: 5,986 tons, valued at USD 129.55 million FOB.

• Cocoa cake: 5,045 tons, valued at USD 46.55 million FOB.

• Cocoa powder: 4,657 tons, generating USD 34.53 million FOB.

• Chocolate: 1,509 tons, with revenues of USD 17.60 million FOB.

• Cocoa nibs: 743 tons, valued at USD 9.33 million FOB.

• Cocoa husks: 2,626 tons, totaling USD 1.11 million FOB.

Chocolate Imports in Peru 2025 (Jan-May)

During the first five months of 2025, Peruvian imports of cocoa by-products totaled 7,555 tons, with a CIF value of $60.46 million. Chocolate accounted for 50% of the total imported volume, followed by cocoa nibs (20%), cocoa powder (17%), cocoa butter (7%), and cocoa cake (6%).

Among the main countries of origin for imported chocolate were:

• United States: 720 tons, valued at $7.22 million.

• Malaysia: 322 tons, valued at $3.61 million.

• Brazil: 329 tons, valued at $2.91 million.

• Chile: 502 tons, valued at $2.24 million.

• Colombia: 478 tons, valued at $1.91 million.

By Diana Delgado

 

  • Cocoa

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