Cote d'Ivoire: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Cote d'Ivoire

The Cote d'Ivoire's market for candies, sweets, and nonchocolate confectionery declined to $X in 2022, which is down by -5.3% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +14.9% against 2020 indices. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2021, and then dropped in the following year.

Production of Candies, Sweets, and Nonchocolate Confectionery in Cote d'Ivoire

In value terms, candy, sweets, and nonchocolate confectionery production fell modestly to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 74% against the previous year. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Cote d'Ivoire

In 2022, shipments abroad of candies, sweets, and nonchocolate confectionery decreased by -0.4% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports expanded to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 15%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal (X tons), Angola (X tons) and Guinea (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Cote d'Ivoire, together comprising 77% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +0.6%), while the other leaders experienced a decline.

In value terms, Senegal ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Cote d'Ivoire, comprising 55% of total exports. The second position in the ranking was held by Guinea ($X), with a 13% share of total exports. It was followed by Mali, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Senegal totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (-8.8% per year) and Mali (-0.0% per year).

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, increasing by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Cote d'Ivoire

In 2022, purchases abroad of candies, sweets, and nonchocolate confectionery decreased by -13% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 102% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, candy, sweets, and nonchocolate confectionery imports reached $X in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 86%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Togo (X tons) constituted the largest candy, sweets, and nonchocolate confectionery supplier to Cote d'Ivoire, with a 52% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Togo exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Togo totaled +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.3% per year) and Colombia (+19.7% per year).

In value terms, Togo ($X), China ($X) and Turkey ($X) constituted the largest candy, sweets, and nonchocolate confectionery suppliers to Cote d'Ivoire, together comprising 69% of total imports. Colombia, France, India, Ghana, Brazil and Egypt lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Ghana, with a CAGR of +62.0%, recorded 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 average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, growing by 16% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform