South Africa - Chocolate And Confectionery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate and Confectionery Price in South Africa - 2023
Contents:
- Chocolate and Confectionery Price in South Africa (CIF) - 2022
- Chocolate and Confectionery Price in South Africa (FOB) - 2023
- Chocolate and Confectionery Imports in South Africa
- Chocolate and Confectionery Exports in South Africa
Chocolate and Confectionery Price in South Africa (CIF) - 2022
In 2022, the average chocolate and confectionery import price amounted to $3,433 per ton, which is down by -2.6% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 9.6% against the previous year. As a result, import price reached the peak level of $4,293 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($6,206 per ton), while the price for Turkey ($464 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate and Confectionery Price in South Africa (FOB) - 2023
In July 2023, the average chocolate and confectionery export price amounted to $4,688 per ton, waning by -15.8% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 36% m-o-m. As a result, the export price attained the peak level of $6,758 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($10,106 per ton), while the average price for exports to Swaziland ($2,500 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate and Confectionery Imports in South Africa
In 2022, approx. 49K tons of chocolate and confectionery were imported into South Africa; falling by -2.6% against the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, imports reached the peak of 51K tons, and then declined slightly in the following year.
In value terms, chocolate and confectionery imports reduced to $169M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.9%. As a result, imports attained the peak of $178M, and then contracted in the following year.
| Import of Chocolate and Confectionery in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 13.6 | 15.6 | 17.9 | 18.6 | 11.0% |
| Italy | 21.8 | 21.1 | 23.8 | 18.1 | -6.0% |
| Germany | 14.2 | 13.0 | 13.1 | 13.5 | -1.7% |
| Malaysia | 11.2 | 12.1 | 10.5 | 12.9 | 4.8% |
| United Kingdom | 9.1 | 10.5 | 12.2 | 12.3 | 10.6% |
| Netherlands | 8.0 | 8.5 | 14.8 | 10.4 | 9.1% |
| Cote d'Ivoire | 7.1 | 11.5 | 11.7 | 9.8 | 11.3% |
| Poland | 9.1 | 7.9 | 7.8 | 8.3 | -3.0% |
| Singapore | 7.4 | 6.5 | 9.9 | 8.2 | 3.5% |
| Indonesia | 10.9 | 16.5 | 13.0 | 7.2 | -12.9% |
| Spain | 4.2 | 3.9 | 4.9 | 4.8 | 4.6% |
| Turkey | 3.0 | 1.6 | 2.9 | 3.5 | 5.3% |
| Colombia | 1.1 | N/A | 1.3 | 2.3 | 27.9% |
| Others | 38.6 | 33.5 | 34.6 | 39.3 | 0.6% |
| Total | 159 | 162 | 178 | 169 | 2.1% |
Top Suppliers of Chocolate and Confectionery to South Africa in 2022:
- Turkey (7.5K tons)
- Belgium (4.4K tons)
- Malaysia (3.9K tons)
- Italy (3.2K tons)
- Netherlands (2.9K tons)
- Cote d'Ivoire (2.9K tons)
- Germany (2.8K tons)
- Poland (2.3K tons)
- Singapore (2.1K tons)
- Indonesia (2.1K tons)
- United Kingdom (2.0K tons)
- Colombia (1.5K tons)
- Spain (1.5K tons)
Chocolate and Confectionery Exports in South Africa
For the fourth year in a row, South Africa recorded growth in overseas shipments of chocolate and confectionery, which increased by 2% to 16K tons in 2022. The total export volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 9.9%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, chocolate and confectionery exports expanded significantly to $89M in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Chocolate and Confectionery in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 10.0 | 11.5 | 12.5 | 13.3 | 10.0% |
| Botswana | 8.7 | 9.3 | 10.9 | 9.6 | 3.3% |
| Mozambique | 6.2 | 8.1 | 7.9 | 8.3 | 10.2% |
| Zambia | 6.0 | 5.5 | 7.3 | 7.9 | 9.6% |
| Israel | 5.2 | 5.3 | 6.8 | 5.9 | 4.3% |
| Kenya | 5.2 | 3.9 | 3.9 | 5.3 | 0.6% |
| Zimbabwe | 2.0 | 2.2 | 4.3 | 4.8 | 33.9% |
| Malaysia | N/A | N/A | N/A | 4.5 | 0% |
| Swaziland | 2.9 | 3.0 | 4.2 | 3.6 | 7.5% |
| Angola | 2.8 | 1.8 | 3.1 | 2.7 | -1.2% |
| Mauritius | 3.0 | 3.9 | 4.0 | 1.9 | -14.1% |
| Democratic Republic of the Congo | 0.9 | 0.9 | 1.1 | 1.9 | 28.3% |
| Others | 20.1 | 18.1 | 18.4 | 19.3 | -1.3% |
| Total | 73.1 | 73.4 | 84.4 | 89.1 | 6.8% |
Top Export Markets for Chocolate and Confectionery from South Africa in 2022:
- Namibia (2.4K tons)
- Botswana (2.0K tons)
- Zambia (1.5K tons)
- Mozambique (1.4K tons)
- Malaysia (1.3K tons)
- Zimbabwe (1.2K tons)
- Swaziland (1.0K tons)
- Angola (0.8K tons)
- Kenya (0.7K tons)
- Israel (0.5K tons)
- Democratic Republic of the Congo (0.5K tons)
- Mauritius (0.3K tons)
This report provides an in-depth analysis of the chocolate and confectionery market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
- Prodcom 10821200 - Cocoa butter, fat and oil
- Prodcom 10821300 - Cocoa powder, not containing added sugar or other sweetening matter
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
- Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
- Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
- Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
- Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
- Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
- Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
- Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
- Prodcom 10822270 - Chocolate spreads
- Prodcom 10822280 - Preparations containing cocoa for making beverages
- Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the chocolate and confectionery market in South Africa.
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This report provides an in-depth analysis of the chocolate market in South Africa.
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This report provides an in-depth analysis of the market for chocolate bar with filling in South Africa.
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This report provides an in-depth analysis of the chocolate flavour coating market in South Africa.
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