Ethiopia: Chocolate Market 2024

Chocolate Market Size in Ethiopia

The Ethiopian chocolate market stood at $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Chocolate Production in Ethiopia

In value terms, chocolate production reduced to $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; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Chocolate Exports

Exports from Ethiopia

In 2022, exports of chocolate and cocoa products from Ethiopia amounted to X kg, leveling off at 2021. Over the period under review, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate exports amounted to $X in 2022. Overall, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Djibouti (X kg) was the main destination for chocolate exports from Ethiopia, with a X% share of total exports. Moreover, chocolate exports to Djibouti exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), sixfold. Cyprus (X kg) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Djibouti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Cyprus (X% per year).

It was followed by Cote d'Ivoire, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Djibouti totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Djibouti ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Djibouti (X%), while the prices for the other major destinations experienced a decline.

Chocolate Imports

Imports into Ethiopia

In 2022, approx. X tons of chocolate and cocoa products were imported into Ethiopia; surging by X% on the year before. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, chocolate imports skyrocketed to $X in 2022. In general, imports enjoyed a measured increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest chocolate supplier to Ethiopia, with a X% share of total imports. Moreover, chocolate imports from Turkey exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Brazil (X% per year).

In value terms, Turkey ($X), Switzerland ($X) and the Netherlands ($X) appeared to be the largest chocolate suppliers to Ethiopia, together comprising X% of total imports. Germany, India, Brazil, Italy, the United States, Lebanon, the United Arab Emirates, Singapore and Tokelau lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, 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 chocolate import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Switzerland ($X per ton), while the price for Tokelau ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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