We are very lucky to have access to such amazing Nicaraguan cocobolo. I don’t think that cocobolo gets the attention that it should for guitar and ukulele purposes. Nicaraguan cocobolo produces a very warm sound, with impressive volume and sustain.
Cocobolo is indigenous to Central America, and is typically used for high-end woodwork, guitars, and ukuleles.
There is an interesting article in Wood Magazine about cocobolo and its similarities to Brazilian rosewood:
“Cocobolo (Dahlbergia retusa) belongs to the same genus as Brazilian rosewood, and in fact, has similar properties. Rosewood, however, likes South America's rain forests. Cocobolo prefers the drier, upland savanna country of Central America's Pacific Coast.”