Report Update Nov 1, 2024

Kenya - Cocoa Paste - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Cocoa Paste Market 2024

Cocoa Paste Market Size in Kenya

After two years of growth, the Kenyan cocoa paste market decreased by -6.5% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Cocoa Paste Production in Kenya

In value terms, cocoa paste production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a slight decline. The growth pace was the most rapid in 2019 when the production volume increased by 65% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Cocoa Paste Exports

Exports from Kenya

For the third consecutive year, Kenya recorded growth in shipments abroad of cocoa paste, which increased by 19% to X tons in 2019. Over the period under review, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 733%. Over the period under review, the exports hit record highs in 2019 and are expected to retain growth in the near future.

In value terms, cocoa paste exports skyrocketed to $X in 2019. In general, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 341% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

Exports by Country

Uganda (X tons) was the main destination for cocoa paste exports from Kenya, with a approx. 98% share of total exports.

From 2013 to 2019, the average annual rate of growth in terms of volume to Uganda totaled +15.4%.

In value terms, Uganda ($X) emerged as the key foreign market for cocoa paste exports from Kenya.

From 2013 to 2019, the average annual growth rate of value to Uganda stood at +14.3%.

Export Prices by Country

In 2019, the average cocoa paste export price amounted to $X per ton, leveling off at the previous year. Overall, the export price showed a dramatic descent. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2019, 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 Uganda.

From 2013 to 2019, the rate of growth in terms of prices for Uganda amounted to -1.0% per year.

Cocoa Paste Imports

Imports into Kenya

For the fourth year in a row, Kenya recorded growth in purchases abroad of cocoa paste, which increased by 4.8% to X tons in 2021. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 296% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, cocoa paste imports declined to $X in 2021. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 888% against the previous year. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and Ecuador (X tons) were the main suppliers of cocoa paste imports to Kenya, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +1,209.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of cocoa paste to Kenya, comprising 63% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by Ecuador, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+444.3% per year) and Ecuador (+8.2% per year).

Import Prices by Country

The average cocoa paste import price stood at $X per ton in 2021, with a decrease of -8.1% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable increase. The growth pace was the most rapid in 2016 an increase of 150%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa paste in the world?

The countries with the highest volumes of cocoa paste consumption in 2021 were China, the United States and India, together comprising 27% of global consumption. Japan, Pakistan, Indonesia, Brazil, Bangladesh, the UK, Nigeria, Russia, Mexico and Vietnam lagged somewhat behind, together comprising a further 25%.

What are the largest producers of cocoa paste in the world?

China constituted the country with the largest volume of cocoa paste production, accounting for 14% of total volume. Moreover, cocoa paste production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of cocoa paste to Kenya?

In value terms, Ecuador constituted the largest supplier of cocoa paste to Kenya, comprising 61% of total imports. The second position in the ranking was occupied by the United States, with a 21% share of total imports.

What is the average export price for cocoa paste in Kenya?

In 2018, the average cocoa paste export price amounted to $2,025 per ton, approximately mirroring the previous year.

What is the average import price for cocoa paste in Kenya?

In 2021, the average cocoa paste import price amounted to $4,381 per ton, shrinking by -8.1% against the previous year.

This report provides an in-depth analysis of the cocoa paste market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023