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Report Africa - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Africa - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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Africa: Cocoa Powder Market 2024

Cocoa Powder Market Size in Africa

In 2022, the African cocoa powder market decreased by -0.3% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +2.6% 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 peak level at $X in 2020; afterwards, it flattened through to 2022.

Cocoa Powder Production in Africa

In value terms, cocoa powder production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Cocoa Powder Exports

Exports in Africa

In 2022, after two years of growth, there was significant decline in overseas shipments of cocoa powder (not sweetened), when their volume decreased by -6% to X tons. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, cocoa powder exports reduced to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 66%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Ghana (X tons) was the largest exporter of cocoa powder (not sweetened), creating 67% of total exports. It was distantly followed by Cote d'Ivoire (X tons), making up a 30% share of total exports.

Ghana was also the fastest-growing in terms of the cocoa powder (not sweetened) exports, with a CAGR of +13.6% from 2012 to 2022. At the same time, Cote d'Ivoire (+2.0%) displayed positive paces of growth. While the share of Ghana (+25 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (-25.5 p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest cocoa powder supplier in Africa, comprising 66% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Ghana totaled +14.8%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, dropping by -6.9% against the previous year. In general, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+1.1%).

Cocoa Powder Imports

Imports in Africa

In 2022, approx. X tons of cocoa powder (not sweetened) were imported in Africa; reducing by -7.9% against the previous year. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 40%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, cocoa powder imports dropped to $X in 2022. In general, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Algeria represented the main importer of cocoa powder (not sweetened) in Africa, with the volume of imports resulting at X tons, which was approx. 45% of total imports in 2022. Egypt (X tons) ranks second in terms of the total imports with a 23% share, followed by Morocco (11%), South Africa (7.9%) and Tunisia (4.8%). The following importers - Libya (X tons) and Senegal (X tons) - each reached a 3.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder importing markets in Africa were Algeria ($X), Egypt ($X) and Morocco ($X), with a combined 77% share of total imports.

Among the main importing countries, Algeria, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and South Africa ($X per ton), while Algeria ($X per ton) and Senegal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria constituted the country with the largest volume of cocoa powder consumption, comprising approx. 14% of total volume. Moreover, cocoa powder consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ethiopia, twofold. The third position in this ranking was occupied by South Africa, with a 5.6% share.
The countries with the highest volumes of cocoa powder production in 2021 were Nigeria, Ghana and Cote d'Ivoire, together comprising 35% of total production. These countries were followed by Ethiopia, Democratic Republic of the Congo, Tanzania, South Africa, Sudan, Uganda, Mozambique, Angola, Niger and Madagascar, which together accounted for a further 36%.
In value terms, the largest cocoa powder supplying countries in Africa were Ghana and Cote d'Ivoire.
In value terms, Egypt, Algeria and South Africa constituted the countries with the highest levels of imports in 2021, with a combined 75% share of total imports. Morocco, Tunisia, Kenya and Senegal lagged somewhat behind, together comprising a further 20%.
The cocoa powder export price in Africa stood at $2,066 per ton in 2021, dropping by -4.2% against the previous year.
In 2021, the cocoa powder import price in Africa amounted to $2,279 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the cocoa powder market in 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:

  • FCL 665 - Cocoa Powder and Cake

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Africa, split by region and country
  • Trade (exports and imports) in 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. CONSUMPTION BY COUNTRY
    3. 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
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Algeria
    • Angola
    • Benin
    • Botswana
    • Burkina Faso
    • Burundi
    • Cabo Verde
    • Cameroon
    • Central African Republic
    • Chad
    • Comoros
    • Congo
    • Democratic Republic of the Congo
    • Djibouti
    • Egypt
    • Equatorial Guinea
    • Eritrea
    • Ethiopia
    • Gabon
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Kenya
    • Lesotho
    • Liberia
    • Libya
    • Madagascar
    • Malawi
    • Mali
    • Mauritania
    • Mauritius
    • Mayotte
    • Morocco
    • Mozambique
    • Namibia
    • Niger
    • Nigeria
    • Reunion
    • Rwanda
    • Saint Helena, Ascension and Tristan da Cunha
    • Sao Tome and Principe
    • Senegal
    • Seychelles
    • Sierra Leone
    • Somalia
    • South Africa
    • Sudan
    • Swaziland
    • Tanzania
    • Togo
    • Tunisia
    • Uganda
    • Zambia
    • Zimbabwe
    • Cote d'Ivoire
    • Western Sahara
    • South Sudan

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

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

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