The country that has the largest production and major supplier of cocoa butter is the Republic of Cote d’Ivoire also known in English as the Ivory Coast in West Africa. It has an annual production of 1.2 million tons. The second Country that follows is Ghana, West Africa with its annual production of 600,000 tons. The third Country is Indonesia of having an annual production of 500,000 tons.
On the other hand, Netherlands has the largest import of cocoa beans to other Countries. Although, this Country don’t have the any plantation of cocoa trees they have the largest import of cocoa butter. How did they do it? Companies from the Netherlands usually buy all raw cocoa beans from West Africa and manufactured raw cocoa seeds into ingredients for foods and cosmetics. In the year 2006, Netherland companies imported almost 450 million kilograms of cocoa butter throughout the world that worth more than 650 million Euros. This is the only Country that produces and imports cocoa butter than any Countries in Europe.
West Africa will always remain as the area that has the largest plantation of cocoa beans. Their importation shows 2.3 percent a year and accounted 44 percent of the cocoa bean productions throughout the World. The factors that may affect process of production may include foreign investments and market liberalization. Well, farmers in Africa despite all these trials still produce beyond every buyer expectations.
The people of West Africa have not used all their lands for planting cocoa trees and may affect their production. But, with upsurge of prices they can motivate their growers to do much more work and produce more imports than Asian Countries.
The Country of Ghana produces 410,000 tons in 1998 and increases to 490,000 tons in 2010. They are tagged as the second largest producing Country of cocoa butter that has the average rate of 1.6 percent. Their growth rate in production shows 3.3 percent. Factors that affect their production can be due to arising diseases in the region, swollen shoot virus, mirids, and black pods, low export prices, and the rampant increase of competition in the world market. Even this problems arises they still continue to deliver quality products to foreign companies.
There is a prediction in the year 2010 that shows an approximate balance in the trade of cocoa butter. It can be proven through analyses from Professionals that cocoa harvest may produce well enough for the upcoming years. Before in 2001, the prices of cocoa beans and past harvest were at the lowest compared today. But, now the harvest and production rate has increase in favor for the companies that bought cocoa butter and the farmers themselves. The global trading of cocoa butter will expand in the years to come despite weather conditions in the area of cocoa tree plantations, changes in the stock exchanges, and lower consumption in the world market.