Africa: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Africa

The African market for chocolate bars with cereals, fruit or nuts expanded slightly to $X in 2022, surging by X% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Africa

In value terms, production of chocolate bars with cereals, fruit or nuts reached $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in Africa

Exports of chocolate bars with cereals, fruit or nuts contracted to X tons in 2022, which is down by X% against the previous year's figure. Over the period under review, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of chocolate bars with cereals, fruit or nuts contracted markedly to $X in 2022. In general, exports showed a slight decrease. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Egypt (X tons) and Ghana (X tons) were the main exporters of chocolate bars with cereals, fruit or nuts in 2022, accounting for near X% and X% of total exports, respectively. Tunisia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Africa (X%) and Nigeria (X%). Swaziland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest cereal, fruit or nut chocolate bar supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($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 Egypt totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Africa

In 2022, overseas purchases of chocolate bars with cereals, fruit or nuts increased by X% to X tons, rising for the fifth consecutive year after three years of decline. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of chocolate bars with cereals, fruit or nuts amounted to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Morocco (X tons), South Africa (X tons), Libya (X tons), Egypt (X tons), Algeria (X tons) and Senegal (X tons) represented the major importers of chocolate bars with cereals, fruit or nuts, together achieving X% of total imports. Togo (X tons), Sudan (X tons), Kenya (X tons), Mauritius (X tons) and Angola (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the chocolate bars with cereals, fruit or nuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Egypt (X%), Senegal (X%), Mauritius (X%), Sudan (X%), Kenya (X%), Algeria (X%) and Morocco (X%) displayed positive paces of growth. South Africa and Togo experienced a relatively flat trend pattern. By contrast, Libya (X%) and Angola (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Egypt (X p.p.), Senegal (X p.p.), Algeria (X p.p.), Morocco (X p.p.), Sudan (X p.p.) and Kenya (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa, Angola and Libya 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, Nigeria ($X), Morocco ($X) and Libya ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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