Ethiopia: Confectionery Market 2024

Confectionery Market Size in Ethiopia

The Ethiopian confectionery market rose slightly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Confectionery Production in Ethiopia

In value terms, confectionery production stood at $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Confectionery Exports

Exports from Ethiopia

In 2022, after three years of growth, there was significant decline in shipments abroad of confectionery, when their volume decreased by X% to X kg. Over the period under review, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, confectionery exports fell notably to $X in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Angola (X kg), Cote d'Ivoire (X kg) and Cyprus (X kg) were the main destinations of confectionery exports from Ethiopia, together comprising X% of total exports.

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

In value terms, Angola ($X) emerged as the key foreign market for confectionery exports from Ethiopia, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the average confectionery export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a remarkable increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to the United States ($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 Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into Ethiopia

In 2022, approx. X tons of confectionery were imported into Ethiopia; dropping by X% against the previous year's figure. Over the period under review, imports, however, showed a measured increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, confectionery imports skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Saudi Arabia (X tons) and Turkey (X tons) were the main suppliers of confectionery imports to Ethiopia, with a combined X% share of total imports.

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

In value terms, Turkey ($X), Saudi Arabia ($X) and India ($X) constituted the largest confectionery suppliers to Ethiopia, together accounting for X% of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The import price peaked 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 Turkey ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform