Egypt: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Egypt

In 2022, the Egyptian chocolate and confectionery market decreased by -0.3% to $X, falling for the second year in a row after four years of growth. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.6% against 2020 indices. Chocolate and confectionery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Chocolate And Confectionery Production in Egypt

In value terms, chocolate and confectionery production rose to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -2.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Chocolate And Confectionery Exports

Exports from Egypt

In 2022, after two years of decline, there was significant growth in shipments abroad of chocolate and confectionery, when their volume increased by 41% to X tons. Overall, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 68%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, chocolate and confectionery exports skyrocketed to $X in 2022. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 66%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for chocolate and confectionery exports from Egypt, with a 31% share of total exports. Moreover, chocolate and confectionery exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Kuwait (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.5% per year) and Kuwait (+16.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for chocolate and confectionery exports from Egypt, comprising 31% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Kuwait, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+7.7% per year) and Kuwait (+16.9% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, waning by -12.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Kenya ($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 Sudan (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Egypt

In 2022, the amount of chocolate and confectionery imported into Egypt reduced to X tons, falling by -8.7% on the previous year's figure. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +6.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 54%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chocolate and confectionery imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 36%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), the Netherlands (X tons) and Saudi Arabia (X tons) were the main suppliers of chocolate and confectionery imports to Egypt, with a combined 38% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +41.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Egypt were Malaysia ($X), Italy ($X) and the Netherlands ($X), together comprising 39% of total imports. Saudi Arabia, Indonesia, Spain, Germany, Cote d'Ivoire, Turkey, Ghana, Poland, France and the United Arab Emirates lagged somewhat behind, together comprising a further 50%.

Among the main suppliers, Saudi Arabia, with a CAGR of +41.4%, 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 chocolate and confectionery import price amounted to $X per ton, increasing by 4.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 the United Arab Emirates ($X per ton), while the price for Spain ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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