Cote d'Ivoire: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Cote d'Ivoire

The Cote d'Ivoire's market for candies, sweets, and nonchocolate confectionery declined remarkably to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated notable growth 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. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2021, and then contracted significantly in the following year.

Production of Candies, Sweets, and Nonchocolate Confectionery in Cote d'Ivoire

In value terms, candy, sweets, and nonchocolate confectionery production dropped to $X in 2022 estimated in export price. In general, the total production indicated temperate growth 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Cote d'Ivoire

In 2022, overseas shipments of candies, sweets, and nonchocolate confectionery increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports rose markedly to $X in 2022. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Cote d'Ivoire, accounting for a X% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Senegal exceeded the volume sent to the second major destination, Burkina Faso (X tons), twofold. Mali (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Senegal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Mali (X% per year).

In value terms, Senegal ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Senegal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Mali (X% per year).

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery 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 most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while the average price for exports to Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in purchases abroad of candies, sweets, and nonchocolate confectionery, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, candy, sweets, and nonchocolate confectionery imports fell rapidly to $X in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

Togo (X tons), China (X tons) and India (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Cote d'Ivoire, together accounting for X% of total imports. Vietnam, Colombia, Turkey, Brazil, France and Morocco lagged somewhat behind, together comprising a further X%.

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

In value terms, Vietnam ($X), China ($X) and Togo ($X) were the largest candy, sweets, and nonchocolate confectionery suppliers to Cote d'Ivoire, together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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