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South Africa - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

South Africa - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights

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Jul 8, 2023

Cocoa Powder With Sugar Price in South Africa Peaks at $5,941 per Ton

South Africa Cocoa Powder With Sugar Export Price in April 2023

In April 2023, the cocoa powder with sugar price stood at $5,941 per ton (FOB, South Africa), growing by 27% against the previous month. In general, export price indicated a perceptible expansion from April 2022 to April 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, cocoa powder with sugar export price increased by +27.4% against March 2023 indices. The pace of growth appeared the most rapid in May 2022 when the average export price increased by 35% m-o-m. The export price peaked in April 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong ($16,406 per ton), while the average price for exports to Zimbabwe ($1,947 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Cocoa Powder With Sugar in South Africa (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Hong Kong822N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A16,406
IsraelN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A10,791
United Arab Emirates15,51414,59015,10312,18814,7568,01116,12510,03110,3283,2015,05514,0598,612
United States6,3615,7808,3353,6347,92619,9437,4351,99137,1989,149N/A7,0385,501
Botswana4,6455,1205,0965,4555,4514,2665,0696,7816,0565,9097,1096,0944,680
Mozambique5,4454,7156,0646,0765,8984,5124,3094,5535,1114,7764,1525,0174,383
Swaziland6,7947,2086,3682,8052,5246,0283,0214,0182,8605,6395,5704,3544,110
Zambia1,4905,3995,8594,7224,0304,0844,3435,2214,5863,7264,5014,4343,699
Namibia4,1522,7723,2333,1243,6873,8101,1441,5772,7637,2425,3583,3593,583
Zimbabwe10,4214,3131,1025,4314,6793,1273,7312,4951,3855,9483,0946,3671,947
Average4,3315,8495,1254,6194,0664,2583,5673,6494,7455,3144,8554,6635,941

South Africa Cocoa Powder With Sugar Exports

Cocoa powder with sugar exports from South Africa dropped to 120 tons in April 2023, with a decrease of -4.2% compared with the previous month. Overall, total exports indicated a moderate expansion from April 2022 to April 2023: its volume increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, exports increased by +71.3% against December 2022 indices. The pace of growth appeared the most rapid in March 2023 when exports increased by 76% against the previous month.

In value terms, cocoa powder with sugar exports skyrocketed to $712K (IndexBox estimates) in April 2023. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in March 2023 with an increase of 69% month-to-month. Over the period under review, the exports hit record highs in April 2023.

South Africa Cocoa Powder With Sugar Exports by Country

Mozambique (58 tons) was the main destination for cocoa powder with sugar exports from South Africa, accounting for a 49% share of total exports. Moreover, cocoa powder with sugar exports to Mozambique exceeded the volume sent to the second major destination, Hong Kong (10 tons), sixfold. The third position in this ranking was held by Israel (10 tons), with an 8.3% share.

From April 2022 to April 2023, the average monthly growth rate of volume to Mozambique totaled +14.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Hong Kong (+48.1% per month) and Israel (0.0% per month).

In value terms, Mozambique ($256K), Hong Kong ($164K) and Israel ($108K) constituted the largest markets for cocoa powder with sugar exported from South Africa worldwide, with a combined 74% share of total exports.

Hong Kong, with a CAGR of +90.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for cocoa powder with sugar in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter

Country coverage:

  • South Africa

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in South Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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