Kenya: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Kenya

The Kenyan chocolate bar with filling market reached $X in 2021, rising by 14% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.7% against 2019 indices. Chocolate bar with filling consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Chocolate Bars With Fillings in Kenya

In value terms, chocolate bar with filling production rose remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.6% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 80%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Chocolate Bars With Fillings

Exports from Kenya

In 2021, overseas shipments of chocolate bars with fillings decreased by -10.7% to X kg, falling for the seventh consecutive year after three years of growth. In general, exports showed a dramatic descent. The pace of growth was the most pronounced in 2014 when exports increased by 307%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, chocolate bar with filling exports rose to $X in 2021. Over the period under review, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 228% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Sudan (X kg), Ethiopia (X kg) and Uganda (X kg) were the main destinations of chocolate bar with filling exports from Kenya, with a combined 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Sudan (with a CAGR of +22.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate bar with filling exported from Kenya were Ethiopia ($X), Seychelles ($X) and South Sudan ($X), together accounting for 24% of total exports.

South Sudan, with a CAGR of +483.1%, recorded the highest growth rate of the value of exports, in terms of 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

The average chocolate bar with filling export price stood at $X per ton in 2021, growing by 14% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chocolate bar with filling export price increased by +140.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Rwanda ($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 South Sudan (+464.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Kenya

In 2021, after three years of decline, there was significant growth in supplies from abroad of chocolate bars with fillings, when their volume increased by 122% to X tons. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 283%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, chocolate bar with filling imports surged to $X in 2021. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2013 with an increase of 289% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

South Africa (X tons), Egypt (X tons) and the Netherlands (X tons) were the main suppliers of chocolate bar with filling imports to Kenya, together accounting for 70% of total imports. These countries were followed by Luxembourg, China and Brazil, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +50.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to Kenya were South Africa ($X), Egypt ($X) and Luxembourg ($X), with a combined 77% share of total imports. These countries were followed by the Netherlands, China and Brazil, which together accounted for a further 7.6%.

In terms of the main suppliers, China, with a CAGR of +42.2%, 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 chocolate bar with filling import price stood at $X per ton in 2021, surging by 3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 38%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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