Africa: Chocolate Spread Market 2020

Chocolate Spread Market Size in Africa

The revenue of the chocolate spread market in Africa amounted to $X in 2017, jumping by X% against the previous year. The chocolate spread consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, when it surged by X% against the previous year. In that year, the chocolate spread market attained their peak level of $X. From 2014 to 2017, growth of the chocolate spread market stood at a somewhat lower level.

Chocolate Spread Production in Africa

The chocolate spread production amounted to X tons in 2017, growing by X% against the previous year. The chocolate spread production continues to indicate a slight expansion. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Over the period under review, the chocolate spread production reached its peak figure volume of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Chocolate Spread Exports in Africa

In 2017, approx. X tons of chocolate spreads were exported in Africa; growing by X% against the previous year. The total exports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chocolate spread exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. The volume of exports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, chocolate spread exports totaled $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the chocolate spread exports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Chocolate Spread Exports by Country in Africa

South Africa represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. Senegal (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Cameroon (X%) and Tunisia (X%). Egypt (X tons) and Ghana (X tons) followed a long way behind the leaders.

South Africa was also the fastest growing in terms of the chocolate spreads exports, with a CAGR of +X% from 2007 to 2017. At the same time, Senegal (+X%) and Cameroon (+X%) displayed positive paces of growth. By contrast, Tunisia (-X%), Ghana (-X%) and Egypt (-X%) illustrated a downward trend over the same period. Egypt (X%), Tunisia (X%) and Ghana (X%) significantly strengthened its position in terms of the global exports, while Cameroon, Senegal and South Africa saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, South Africa ($X) remains the largest chocolate spread supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Cameroon ($X), with a X% share of global exports. It was followed by Senegal, with a X% share.

In South Africa, chocolate spread exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Cameroon (+X% per year) and Senegal (+X% per year).

Chocolate Spread Export Prices by Country in Africa

The chocolate spread export price in Africa stood at $X per ton in 2017, growing by X% against the previous year. The chocolate spread export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when the export prices increased by X% year-to-year. In that year, the export prices for chocolate spreads reached their peak level of $X per ton. From 2014 to 2017, growth of the export prices for chocolate spreads stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Egypt ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Tunisia (+X% per year), while the other leaders experienced more modest paces of growth.

Chocolate Spread Imports in Africa

The imports amounted to X tons in 2017, reducing by -X% against the previous year. The chocolate spread imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2012, when imports increased by X% y-o-y. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, chocolate spread imports totaled $X in 2017. The chocolate spread imports continue to indicate a strong increase. Over the period under review, the chocolate spread imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Chocolate Spread Imports by Country in Africa

In 2017, South Africa (X tons), distantly followed by Algeria (X tons), Libya (X tons), Morocco (X tons), Sudan (X tons) and Nigeria (X tons) represented the major importers of chocolate spreads, together constituting X% of total imports. The following importers - Egypt (X tons), Ghana (X tons), Angola (X tons), Mauritius (X tons), Cote d'Ivoire (X tons) and Gabon (X tons) together made up X% of total imports.

Imports into South Africa increased at an average annual rate of +X% from 2007 to 2017. At the same time, Ghana (+X%), Sudan (+X%), Algeria (+X%), Cote d'Ivoire (+X%), Nigeria (+X%), Mauritius (+X%), Egypt (+X%) and Morocco (+X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. Angola and Gabon experienced a relatively flat trend pattern. By contrast, Libya (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Libya increased by X% percentage points, while Morocco (-X%), Nigeria (-X%), Ghana (-X%), Sudan (-X%), Algeria (-X%) and South Africa (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported chocolate spreads in Africa, making up X% of global imports. The second position in the ranking was occupied by Libya ($X), with a X% share of global imports. It was followed by Algeria, with a X% share.

In South Africa, chocolate spread imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Libya (+X% per year) and Algeria (+X% per year).

Chocolate Spread Import Prices by Country in Africa

The chocolate spread import price in Africa stood at $X per ton in 2017, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009, when it surged by X% against the previous year. The level of import price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mauritius ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Angola (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform