Ethiopia: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Ethiopia

The Ethiopian market for chocolate bars with cereals, fruit or nuts shrank to $X in 2022, with a decrease of -1.9% against the previous year. Over the period under review, consumption, however, continues to indicate a modest expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Ethiopia

In value terms, production of chocolate bars with cereals, fruit or nuts declined modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 37%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Ethiopia

In 2021, overseas shipments of chocolate bars with cereals, fruit or nuts decreased by -4.9% to X kg, falling for the second year in a row after two years of growth. In general, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 414% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts reduced to $X in 2021. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 with an increase of 160%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X kg) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Ethiopia, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Bahrain totaled +5.5%.

In value terms, Bahrain ($X) emerged as the key foreign market for chocolate bars with cereals, fruit or nuts exports from Ethiopia.

From 2013 to 2021, the average annual growth rate of value to Bahrain totaled -15.1%.

Export Prices by Country

In 2021, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, shrinking by -1.8% against the previous year. Overall, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 14%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2013 to 2021, the rate of growth in terms of prices for Turkey amounted to +19.3% per year.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Ethiopia

In 2022, overseas purchases of chocolate bars with cereals, fruit or nuts were finally on the rise to reach X tons after two years of decline. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 108% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 71% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest cereal, fruit or nut chocolate bar supplier to Ethiopia, with a 40% 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, the United Arab Emirates (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +48.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+23.7% per year) and Germany (+21.7% per year).

In value terms, Turkey ($X), Germany ($X) and Luxembourg ($X) were the largest cereal, fruit or nut chocolate bar suppliers to Ethiopia, with a combined 52% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +48.6%, recorded 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

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, increasing by 13% against the previous year. Overall, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform