The Indonesian Export Financing Institution (LPEI), or Indonesia Eximbank, reported that Indonesia's cocoa export performance is expected to grow positively throughout 2025 amid pressure on global cocoa supply.
The Central Statistics Agency (BPS) recorded that Indonesia's cocoa exports in 2025 will reach US$3.5 billion, representing a 36 percent increase compared to the previous year, driven by rising global cocoa prices and continued strong demand in the international market.
In a statement in Jakarta on Thursday, the Head of the Indonesia Eximbank Institute, Rini Satriani, explained that although Indonesia's cocoa export volume is projected to decline by around 2 percent throughout 2025, export value will continue to increase in line with the 6 percent increase in average global cocoa prices.
Cocoa fat and oil (HS 180400) are the main export products, contributing around 62 percent of total national cocoa exports, or worth US$2.2 billion throughout 2025.
"The price increase occurred amidst limited global cocoa supply, which kept commodity prices relatively high. This situation also boosted Indonesia's cocoa export performance, which is dominated by value-added processed products, making it highly competitive in the global market," he said.
Rini added that the growth in Indonesia's cocoa export value reflects the growing domestic processing industry. Currently, the export structure no longer relies on raw materials but rather on processed products such as cocoa butter and oil, cocoa powder, and cocoa paste.
"This demonstrates the increasingly strong competitiveness of the national cocoa industry and provides greater economic value for Indonesia," said Rini.
In terms of destination markets, the United States and India will be the main destinations for Indonesian cocoa exports in 2025, with export values nearly equal, reaching US$619 million and US$618 million, respectively, or around 17 percent of total national exports.
Meanwhile, China ranked third with an export value of US$446 million and a market share of around 12 percent. These three major markets also recorded significant growth, with exports to the United States increasing by 141 percent, India by 196 percent, and China by 105 percent.
In global trade, Indonesia is recorded as the 12th largest cocoa exporter in the world, with a market share of around 3 percent or worth US$2.6 billion by 2024.
Germany, the Netherlands, and Ivory Coast are still the world's leading cocoa exporters. In addition to significant export growth, Indonesia still has opportunities to increase cocoa exports to a number of potential markets.
The International Trade Centre (ITC) estimates that there is a potential cocoa export of around US$1 billion that can still be optimized, especially in the United States, Singapore, and Malaysia.
The potential for increased Indonesian cocoa exports is supported by several factors, including strengthening global cocoa prices, persistently high international demand amidst limited supply, downstream processing of cocoa into processed cocoa products, and the relatively stable performance of the domestic processing industry.
With global demand continuing to grow amidst limited raw materials, Indonesia has a significant opportunity to increase export value, supported by the downstream processing of cocoa into high-value-added processed products and the stable performance of the domestic processing industry.
