Egypt: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Egypt

In 2021, after three years of growth, there was decline in the Egyptian chocolate bar with filling market, when its value decreased by -0.8% to $X. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then fell modestly in the following year.

Production of Chocolate Bars With Fillings in Egypt

In value terms, chocolate bar with filling production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Chocolate bar with filling production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Chocolate Bars With Fillings

Exports from Egypt

In 2021, after two years of decline, there was growth in shipments abroad of chocolate bars with fillings, when their volume increased by 0.9% to X tons. Over the period under review, exports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 61% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, chocolate bar with filling exports amounted to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 40%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Palestine (X tons) were the main destinations of chocolate bar with filling exports from Egypt, with a combined 43% share of total exports. These countries were followed by Morocco, the UK, Pakistan, Kuwait, South Africa, Oman, Jordan, Algeria, Lebanon and Israel, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +97.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate bar with filling exported from Egypt were the United Arab Emirates ($X), Saudi Arabia ($X) and Palestine ($X), with a combined 50% share of total exports. These countries were followed by Morocco, the UK, Pakistan, Kuwait, South Africa, Oman, Jordan, Algeria, Lebanon and Israel, which together accounted for a further 38%.

Pakistan, with a CAGR of +106.5%, recorded the highest growth rate of 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

In 2021, the average chocolate bar with filling export price amounted to $X per ton, surging by 5.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 47% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Egypt

In 2021, approx. X tons of chocolate bars with fillings were imported into Egypt; with an increase of 17% on the previous year's figure. Overall, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 83%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, chocolate bar with filling imports surged to $X in 2021. In general, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 62% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of chocolate bar with filling to Egypt, accounting for a 39% share of total imports. Moreover, chocolate bar with filling imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.9% per year) and Germany (+1.6% per year).

In value terms, Italy ($X) constituted the largest supplier of chocolate bars with fillings to Egypt, comprising 38% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.0% per year) and Germany (+3.4% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and the Netherlands ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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