Cote d'Ivoire: Confectionery Market 2024

Confectionery Market Size in Cote d'Ivoire

The Cote d'Ivoire's confectionery market skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption showed a remarkable increase. Confectionery consumption peaked in 2022 and is likely to continue growth in the immediate term.

Confectionery Production in Cote d'Ivoire

In value terms, confectionery production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Confectionery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Confectionery Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of confectionery decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, confectionery exports shrank dramatically to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), France (X tons) and the United States (X tons) were the main destinations of confectionery exports from Cote d'Ivoire, together accounting for X% of total exports. Germany, the UK, Poland, Estonia and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for confectionery exported from Cote d'Ivoire were the Netherlands ($X), France ($X) and the United States ($X), together comprising X% of total exports. Germany, the UK, Poland, Estonia and Mexico lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average confectionery export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Germany ($X per ton), while the average price for exports to Estonia ($X per ton) and Mexico ($X per ton) were amongst the lowest.

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

Confectionery Imports

Imports into Cote d'Ivoire

In 2022, supplies from abroad of confectionery decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, confectionery imports reduced dramatically to $X in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped sharply in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Togo (X tons) were the main suppliers of confectionery imports to Cote d'Ivoire, together comprising X% of total imports. France, India, Vietnam, Italy, Colombia, Brazil, Belgium, Lebanon and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest confectionery suppliers to Cote d'Ivoire were China ($X), France ($X) and Vietnam ($X), together accounting for X% of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, 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 confectionery import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform