Africa: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Africa

The African cocoa powder with sugar market reduced to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Africa

In value terms, cocoa powder with sugar production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in Africa

In 2022, approx. X tons of cocoa powder (containing added sugar) were exported in Africa; surging by X% against the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a noticeable decline. The growth pace was the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana was the largest exporting country with an export of around X tons, which accounted for X% of total exports. Nigeria (X tons) ranks second in terms of the total exports with a X% share, followed by Swaziland (X%), South Africa (X%) and Egypt (X%). The following exporters - Tunisia (X tons) and Cote d'Ivoire (X tons) - together made up X% of total exports.

Ghana was also the fastest-growing in terms of the cocoa powder (containing added sugar) exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) and Tunisia (X%) displayed positive paces of growth. By contrast, South Africa (X%), Swaziland (X%), Egypt (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Nigeria (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Swaziland, Egypt and Cote d'Ivoire saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest cocoa powder with sugar supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Imports of Cocoa Powder (Containing Added Sugar)

Imports in Africa

Cocoa powder with sugar imports soared to X tons in 2022, with an increase of X% compared with 2021 figures. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cocoa powder with sugar imports surged to $X in 2022. Overall, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons) represented the major importer of cocoa powder (containing added sugar), mixing up X% of total imports. Egypt (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (X%), Togo (X%) and Kenya (X%). The following importers - Morocco (X tons) and Libya (X tons) - together made up X% of total imports.

Nigeria was also the fastest-growing in terms of the cocoa powder (containing added sugar) imports, with a CAGR of X% from 2012 to 2022. At the same time, Kenya (X%), Egypt (X%), Morocco (X%) and Libya (X%) displayed positive paces of growth. Togo experienced a relatively flat trend pattern. By contrast, South Africa (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Egypt (X p.p.), Kenya (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while Libya, Togo and South Africa saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X), Egypt ($X) and South Africa ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Nigeria, with a CAGR of X%, recorded the highest growth rate of 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, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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 Libya ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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