South Africa - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate Price in South Africa - 2023
Contents:
- Chocolate Price in South Africa (FOB) - 2023
- Chocolate Price in South Africa (CIF) - 2023
- Chocolate Exports in South Africa
- Chocolate Imports in South Africa
Chocolate Price in South Africa (FOB) - 2023
In July 2023, the average chocolate export price amounted to $5,047 per ton, increasing by 22% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in August 2022 an increase of 25% against the previous month. Over the period under review, the average export prices attained the maximum at $5,559 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Botswana ($7,507 per ton), while the average price for exports to Malaysia ($2,857 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 Mauritius (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate Price in South Africa (CIF) - 2023
In July 2023, the average chocolate import price amounted to $4,226 per ton, almost unchanged from the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 13% m-o-m. Over the period under review, average import prices attained the maximum at $4,297 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($4,334 per ton), while the price for Singapore ($2,682 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Exports in South Africa
Chocolate exports from South Africa surged to 4.9K tons in 2022, growing by 23% on the previous year. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, chocolate exports skyrocketed to $21M in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Chocolate in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 1.6 | 4.2 | 7.1 | 6.3 | 57.9% |
| Namibia | 4.2 | 4.2 | 4.6 | 5.6 | 10.1% |
| Malaysia | N/A | N/A | N/A | 3.0 | 0% |
| Swaziland | 1.5 | 1.4 | 2.2 | 2.0 | 10.1% |
| Mozambique | 0.6 | 0.9 | 0.9 | 0.8 | 10.1% |
| Mauritius | 0.3 | 0.3 | 0.7 | 0.5 | 18.6% |
| Zambia | 0.4 | 0.2 | 0.3 | 0.4 | 0.0% |
| Angola | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
| Lesotho | 0.4 | 0.4 | 0.3 | 0.3 | -9.1% |
| Zimbabwe | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| Others | 1.0 | 0.9 | 0.7 | 0.9 | -3.5% |
| Total | 10.5 | 12.9 | 17.3 | 20.6 | 25.2% |
Top Export Markets for Chocolate from South Africa in 2022:
- Botswana (1338.9 tons)
- Malaysia (1073.5 tons)
- Namibia (948.2 tons)
- Swaziland (614.8 tons)
- Angola (231.0 tons)
- Mozambique (147.6 tons)
- Zimbabwe (125.8 tons)
- Mauritius (98.8 tons)
- Lesotho (66.4 tons)
- Zambia (61.5 tons)
Chocolate Imports in South Africa
For the fourth consecutive year, South Africa recorded growth in overseas purchases of chocolate and other food preparations containing cocoa, which increased by 24% to 5.4K tons in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, chocolate imports skyrocketed to $20M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Chocolate in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 10.5 | 11.4 | 14.4 | 14.9 | 12.4% |
| Australia | N/A | N/A | N/A | 1.0 | 0% |
| Singapore | 1.2 | 1.0 | 0.8 | 0.9 | -9.1% |
| Brazil | N/A | N/A | N/A | 0.8 | 0% |
| Turkey | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Hungary | N/A | N/A | N/A | 0.3 | 0% |
| Netherlands | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 1.1 | 0.9 | 1.2 | 1.1 | 0.0% |
| Total | 13.1 | 13.6 | 16.8 | 19.5 | 14.2% |
Top Suppliers of Chocolate to South Africa in 2022:
- Belgium (3820.1 tons)
- Brazil (471.2 tons)
- Singapore (286.1 tons)
- Australia (250.6 tons)
- Turkey (144.3 tons)
- Hungary (101.2 tons)
- Netherlands (82.8 tons)
This report provides an in-depth analysis of the chocolate 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 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
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
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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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