Kenya: Cocoa Powder Market 2024

Cocoa Powder Market Size in Kenya

The Kenyan cocoa powder market expanded modestly to $X in 2022, growing by X% against the previous year. Overall, consumption enjoyed a resilient increase. Cocoa powder consumption peaked in 2022 and is likely to see gradual growth in years to come.

Cocoa Powder Production in Kenya

In value terms, cocoa powder production reached $X in 2022 estimated in export price. Overall, production showed strong growth. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Cocoa Powder Exports

Exports from Kenya

In 2022, overseas shipments of cocoa powder (not sweetened) increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports showed perceptible growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cocoa powder exports expanded markedly to $X in 2022. Overall, exports posted noticeable growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons) was the main destination for cocoa powder exports from Kenya, accounting for a X% share of total exports. Moreover, cocoa powder exports to Tanzania exceeded the volume sent to the second major destination, Zambia (X tons), sixfold. The third position in this ranking was held by Rwanda (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Rwanda (X% per year).

In value terms, Tanzania ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with an X% share of total exports. It was followed by Uganda, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Uganda (X% per year).

Export Prices by Country

In 2022, the average cocoa powder export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into Kenya

In 2022, approx. X tons of cocoa powder (not sweetened) were imported into Kenya; increasing by X% on 2021 figures. Overall, total imports indicated a temperate 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 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2014; afterwards, it flattened through to 2022.

In value terms, cocoa powder imports rose modestly to $X in 2022. Over the period under review, imports recorded slight growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ghana (X tons) constituted the largest supplier of cocoa powder to Kenya, with a X% share of total imports. Moreover, cocoa powder imports from Ghana exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Ghana totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Malaysia (X% per year).

In value terms, the largest cocoa powder suppliers to Kenya were Ghana ($X), Egypt ($X) and Malaysia ($X), together accounting for X% of total imports. Singapore, Indonesia, India, China and the UK lagged somewhat behind, together accounting for a further X%.

India, 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

In 2022, the average cocoa powder import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 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 Egypt ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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