Africa: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Africa

The African market for chocolate bars with cereals, fruit or nuts stood at $X in 2022, standing approx. at the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.3% against 2012 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Africa

In value terms, production of chocolate bars with cereals, fruit or nuts contracted to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -1.4% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 18%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in Africa

In 2022, shipments abroad of chocolate bars with cereals, fruit or nuts decreased by -36.6% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 35%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts fell significantly to $X in 2022. Overall, exports saw a pronounced descent. The growth pace was the most rapid in 2019 with an increase of 59%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Egypt represented the major exporter of chocolate bars with cereals, fruit or nuts in Africa, with the volume of exports reaching X tons, which was approx. 49% of total exports in 2022. South Africa (X tons) held the second position in the ranking, followed by Tunisia (X tons) and Swaziland (X tons). All these countries together took near 39% share of total exports. Ghana (X tons), Cote d'Ivoire (X tons) and Madagascar (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cereal, fruit or nut chocolate bar exports from Egypt stood at +9.8%. At the same time, Ghana (+16.9%), Madagascar (+13.4%) and South Africa (+2.9%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +16.9% from 2012-2022. By contrast, Swaziland (-5.5%), Tunisia (-11.1%) and Cote d'Ivoire (-33.3%) illustrated a downward trend over the same period. Egypt (+40 p.p.), South Africa (+11 p.p.), Ghana (+3.4 p.p.) and Swaziland (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Tunisia and Cote d'Ivoire saw its share reduced by -6.4% and -53.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest cereal, fruit or nut chocolate bar supplier in Africa, comprising 60% of total exports. The second position in the ranking was taken by South Africa ($X), with a 17% share of total exports. It was followed by Tunisia, with a 9.2% share.

In Egypt, exports of chocolate bars with cereals, fruit or nuts increased at an average annual rate of +13.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (+8.0% per year) and Tunisia (-7.9% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, shrinking by -3.7% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chocolate bars with cereals, fruit or nuts increased by +60.8% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 29%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.0%), while the other leaders experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Africa

In 2022, overseas purchases of chocolate bars with cereals, fruit or nuts increased by 10% to X tons, rising for the fifth consecutive year after three years of decline. In general, imports continue to indicate a tangible increase. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of chocolate bars with cereals, fruit or nuts fell slightly to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 46%. Over the period under review, imports of attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Senegal (X tons), followed by Nigeria (X tons), Morocco (X tons), Libya (X tons), South Africa (X tons) and Egypt (X tons) were the largest importers of chocolate bars with cereals, fruit or nuts, together comprising 65% of total imports. Algeria (X tons), Kenya (X tons), Angola (X tons), Burkina Faso (X tons), Togo (X tons), Cote d'Ivoire (X tons) and Sudan (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal, fruit or nut chocolate bar importing markets in Africa were Libya ($X), Morocco ($X) and South Africa ($X), with a combined 39% share of total imports. Nigeria, Egypt, Algeria, Kenya, Sudan, Senegal, Cote d'Ivoire, Angola, Togo and Burkina Faso lagged somewhat behind, together comprising a further 41%.

Nigeria, with a CAGR of +46.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, reducing by -12.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 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 Sudan ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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