South Africa - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cocoa Powder with Sugar in South Africa - 2023
Contents:
- Price for Cocoa Powder with Sugar in South Africa (FOB) - 2023
- Price for Cocoa Powder with Sugar in South Africa (CIF) - 2023
- Exports of Cocoa Powder with Sugar in South Africa
- Imports of Cocoa Powder with Sugar in South Africa
Price for Cocoa Powder with Sugar in South Africa (FOB) - 2023
In July 2023, the average cocoa powder with sugar export price amounted to $3,309 per ton, reducing by -42.6% against the previous month. In general, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in December 2022 an increase of 30% against the previous month. The export price peaked at $5,941 per ton in April 2023; however, from May 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 ($5,070 per ton), while the average price for exports to Swaziland ($1,564 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 Namibia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cocoa Powder with Sugar in South Africa (CIF) - 2023
In July 2023, the average cocoa powder with sugar import price amounted to $2,676 per ton, with a decrease of -5.4% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 56% m-o-m. As a result, import price reached the peak level of $4,149 per ton. From September 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,455 per ton), while the price for Swaziland totaled $2,557 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.2%).
Exports of Cocoa Powder with Sugar in South Africa
In 2022, shipments abroad of cocoa powder (containing added sugar) decreased by -7.3% to 1.1K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports reached the peak of 1.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cocoa powder with sugar exports contracted rapidly to $5.2M in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 38%. As a result, the exports reached the peak of $7.1M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cocoa Powder with Sugar in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 413 | 694 | 1,133 | 1,221 | 43.5% |
| Botswana | 1,150 | 1,419 | 1,450 | 942 | -6.4% |
| Swaziland | 334 | 452 | 546 | 625 | 23.2% |
| Zambia | 195 | 275 | 261 | 362 | 22.9% |
| Namibia | 307 | 640 | 497 | 314 | 0.8% |
| Democratic Republic of the Congo | 61.2 | 129 | 190 | 231 | 55.7% |
| Zimbabwe | 18.6 | 24.0 | 113 | 164 | 106.6% |
| Portugal | 197 | 2,277 | 566 | 94.2 | -21.8% |
| Angola | 224 | 179 | 144 | 67.1 | -33.1% |
| Hong Kong SAR | 1,223 | 145 | 672 | 0.3 | -93.7% |
| Others | 1,049 | 905 | 1,549 | 1,187 | 4.2% |
| Total | 5,171 | 7,140 | 7,120 | 5,208 | 0.2% |
Top Export Markets for Cocoa Powder with Sugar from South Africa in 2022:
- Hong Kong SAR (undefined tons)
- Mozambique (232.5 tons)
- Botswana (177.2 tons)
- Swaziland (159.6 tons)
- Namibia (134.6 tons)
- Zambia (91.3 tons)
- Democratic Republic of the Congo (85.7 tons)
- Zimbabwe (51.1 tons)
- Portugal (12.5 tons)
- Angola (9.7 tons)
Imports of Cocoa Powder with Sugar in South Africa
In 2022, approx. 2.2K tons of cocoa powder (containing added sugar) were imported into South Africa; picking up by 28% compared with the previous year's figure. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 192%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, cocoa powder with sugar imports soared to $6.4M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 148%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Cocoa Powder with Sugar in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 0.2 | 1,221 | 3,397 | 3,678 | 2539.5% |
| United States | 55.1 | 480 | 1,255 | 2,124 | 237.8% |
| Poland | 13.2 | N/A | 0.3 | 467 | 228.3% |
| Belgium | 227 | 5.4 | 71.6 | 10.4 | -64.2% |
| Brazil | 128 | 17.6 | N/A | N/A | -86.3% |
| Others | 740 | 328 | 367 | 116 | -46.1% |
| Total | 1,163 | 2,052 | 5,091 | 6,396 | 76.5% |
Top Suppliers of Cocoa Powder with Sugar to South Africa in 2022:
- Swaziland (1431.8 tons)
- United States (479.7 tons)
- Poland (221.2 tons)
- Belgium (1.6 tons)
This report provides an in-depth analysis of the market for cocoa powder with sugar 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 10821400 - Cocoa powder, containing added sugar or other sweetening matter
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.
-
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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