SADC: Cocoa Powder Market 2024

Cocoa Powder Market Size in SADC

The SADC cocoa powder market reduced to $X in 2022, which is down by X% against the previous year. The total consumption indicated a noticeable expansion 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 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cocoa Powder Production in SADC

In value terms, cocoa powder production stood at $X in 2022 estimated in export price. The total production indicated buoyant 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cocoa Powder Exports

Exports in SADC

In 2022, shipments abroad of cocoa powder (not sweetened) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a buoyant expansion 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, cocoa powder exports expanded notably to $X in 2022. In general, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The shipments of the one major exporters of cocoa powder (not sweetened), namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the cocoa powder (not sweetened) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest cocoa powder supplier in SADC.

In South Africa, cocoa powder exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a slight setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Cocoa Powder Imports

Imports in SADC

In 2022, supplies from abroad of cocoa powder (not sweetened) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total imports indicated a measured expansion 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. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, cocoa powder imports dropped rapidly to $X in 2022. Over the period under review, imports recorded a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

South Africa dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Zambia (X tons), constituting a X% share of total imports. The following importers - Democratic Republic of the Congo (X tons), Angola (X tons), Madagascar (X tons), Zimbabwe (X tons) and Mozambique (X tons) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Zambia (X%), Angola (X%), Madagascar (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Mozambique (X%) illustrated a downward trend over the same period. Zambia (X p.p.), Democratic Republic of the Congo (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total imports, while Mozambique and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported cocoa powder (not sweetened) in SADC, comprising X% of total imports. The second position in the ranking was held by Zambia ($X), with a X% share of total imports. It was followed by Mozambique, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Mozambique (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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