Cote d'Ivoire: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Cote d'Ivoire

The Cote d'Ivoire's market for chocolate bars with cereals, fruit or nuts fell modestly to $X in 2022, reducing by -3.5% against the previous year. In general, consumption, however, showed strong growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Cote d'Ivoire

In value terms, production of chocolate bars with cereals, fruit or nuts contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 42% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Cote d'Ivoire

In 2022, the amount of chocolate bars with cereals, fruit or nuts exported from Cote d'Ivoire fell modestly to X tons, remaining stable against the previous year's figure. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 62%. Over the period under review, the exports of reached the peak figure 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 declined to $X in 2022. Over the period under review, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2018 with an increase of 84% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Cote d'Ivoire, accounting for a 94% share of total exports. It was followed by Poland (X tons), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France amounted to -32.9%.

In value terms, France ($X) remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from Cote d'Ivoire, comprising 93% of total exports. The second position in the ranking was held by Poland ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at -34.2%.

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, shrinking by -5.2% against the previous year. Over the period under review, the export price showed a mild contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.7%).

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Cote d'Ivoire

Imports of chocolate bars with cereals, fruit or nuts into Cote d'Ivoire reduced to X tons in 2022, shrinking by -14.9% compared with the year before. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 399% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, imports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 229%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of cereal, fruit or nut chocolate bar to Cote d'Ivoire, with a 61% share of total imports. Moreover, imports of chocolate bars with cereals, fruit or nuts from Turkey exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+18.4% per year) and Belgium (+31.4% per year).

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to Cote d'Ivoire were France ($X), Turkey ($X) and Belgium ($X), together comprising 88% of total imports. Ghana, Austria, Lebanon and Spain lagged somewhat behind, together accounting for a further 6.9%.

In terms of the main suppliers, Ghana, with a CAGR of +35.0%, saw the highest growth rate of 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

In 2022, the average import price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, jumping by 38% against the previous year. Over the period under review, the import price continues to indicate slight growth. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform