Ethiopia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Ethiopia

The Ethiopian chocolate and confectionery market reached $X in 2022, rising by 2% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -1.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Chocolate And Confectionery Production in Ethiopia

In value terms, chocolate and confectionery production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -2.2% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 38% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Ethiopia

In 2022, overseas shipments of chocolate and confectionery decreased by -18.2% to X kg, falling for the sixth consecutive year after five years of growth. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 210% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, chocolate and confectionery exports shrank to $X in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 131%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X kg), Armenia (X kg) and Canada (X kg) were the main destinations of chocolate and confectionery exports from Ethiopia, with a combined 94% share of total exports. Turkey and Belgium lagged somewhat behind, together comprising a further 5.7%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X) emerged as the key foreign market for chocolate and confectionery exports from Ethiopia, comprising 78% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 14% share of total exports. It was followed by Canada, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Armenia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (0.0% per year) and Canada (-25.9% per year).

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, with an increase of 5.1% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chocolate and confectionery export price increased by +78.9% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of 42% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Cyprus ($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 Cote d'Ivoire (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Ethiopia

Chocolate and confectionery imports into Ethiopia soared to X tons in 2022, increasing by 47% on 2021. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 128% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, chocolate and confectionery imports surged to $X in 2022. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 103%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of chocolate and confectionery to Ethiopia, with a 39% share of total imports. Moreover, chocolate and confectionery imports from Turkey exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.0% per year) and China (+18.4% per year).

In value terms, Turkey ($X), the Netherlands ($X) and Germany ($X) were the largest chocolate and confectionery suppliers to Ethiopia, with a combined 47% share of total imports. The United Arab Emirates, Egypt, Indonesia, Greece, Malaysia, Lebanon, China, India, Brazil and Singapore lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, India, with a CAGR of +39.7%, saw 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 chocolate and confectionery import price stood at $X per ton in 2022, picking up by 27% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform