![Africa's Cocoa Industry 2022](https://api.mustardinsights.com/storage/article/vmHaodNxWpaMWjiRVcswMJCU7VT09gLrs5KR5dUi.jpg)
Cocoa is an important agricultural commodity that comes mainly from tropical regions. The African cocoa industry plays a pivotal role in global cocoa production, contributing significantly to the economies of cocoa-producing countries on the continent. Concentrated in West Africa, a prominent cocoa-producing region, Africa accounts for more than 70% of the world's cocoa bean production, led by nations like Côte d'Ivoire (2.1 million Tonnes), Ghana (683 thousand Tonnes), Ghana (295 thousand Tonnes) and Nigeria (280 thousand Tonnes) in 2021.
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The value of the exports of cocoa beans for Côte d'Ivoire was 3.8 billion US$, followed by Ghana with 1.51 billion US$, Nigeria with 779 million US$, and Cameroon 563 million US $ in 2021 (OCCO). Despite producing around 70% of the world's cocoa, Africa accounts for only 20% of the world's total cocoa processing. This shows the significant gap between production and value addition on the continent.
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