Africa: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Africa

The African chocolate bar with filling market stood at $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Chocolate Bars With Fillings in Africa

In value terms, chocolate bar with filling production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Exports of Chocolate Bars With Fillings

Exports in Africa

In 2022, overseas shipments of chocolate bars with fillings increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2022. Overall, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. South Africa (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (X%). Tunisia (X tons) followed a long way behind the leaders.

Exports from Egypt increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. South Africa experienced a relatively flat trend pattern. From 2012 to 2022, the share of Egypt, Nigeria and Tunisia increased by X, X and X percentage points, respectively.

In value terms, Egypt ($X) remains the largest chocolate bar with filling supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In Egypt, chocolate bar with filling exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Imports of Chocolate Bars With Fillings

Imports in Africa

In 2022, imports of chocolate bars with fillings in Africa fell to X tons, which is down by X% against the previous year. In general, imports showed a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, chocolate bar with filling imports fell to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X tons) and Libya (X tons) represented roughly X% of total imports in 2022. Egypt (X tons) ranks next in terms of the total imports with an X% share, followed by Morocco (X%) and Algeria (X%). Sudan (X tons), Djibouti (X tons), Ghana (X tons), Kenya (X tons), Angola (X tons), Zimbabwe (X tons) and South Sudan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Sudan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling importing markets in Africa were Libya ($X), South Africa ($X) and Egypt ($X), with a combined X% share of total imports. Morocco, Algeria, Sudan, Djibouti, South Sudan, Kenya, Angola, Ghana and Zimbabwe lagged somewhat behind, together accounting for a further X%.

South Sudan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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