Kenya: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Kenya

The Kenyan cocoa powder with sugar market surged to $X in 2021, with an increase of 15% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 -11.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Kenya

In value terms, cocoa powder with sugar production surged to $X in 2021 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Kenya

For the third year in a row, Kenya recorded growth in shipments abroad of cocoa powder (containing added sugar), which increased by 31% to X tons in 2021. Over the period under review, exports, however, saw a slight reduction. The pace of growth appeared the most rapid in 2019 with an increase of 219%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports rose slightly to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 153% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons), Rwanda (X tons) and Zambia (X tons) were the main destinations of cocoa powder with sugar exports from Kenya, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Rwanda (with a CAGR of +48.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Tanzania ($X), Rwanda ($X) and Zambia ($X) appeared to be the largest markets for cocoa powder with sugar exported from Kenya worldwide, together comprising 98% of total exports.

Rwanda, with a CAGR of +57.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average cocoa powder with sugar export price amounted to $X per ton, with a decrease of -20.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 67% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Tanzania ($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 the Netherlands (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Kenya

Cocoa powder with sugar imports into Kenya soared to X tons in 2021, with an increase of 28% against the previous year. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 239%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, cocoa powder with sugar imports skyrocketed to $X in 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 153% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Egypt (X tons) constituted the largest cocoa powder with sugar supplier to Kenya, accounting for a 88% share of total imports. Moreover, cocoa powder with sugar imports from Egypt exceeded the figures recorded by the second-largest supplier, Swaziland (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Egypt amounted to +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (0.0% per year) and the UK (+3.7% per year).

In value terms, Egypt ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Kenya, comprising 88% of total imports. The second position in the ranking was held by Swaziland ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Egypt stood at +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (0.0% per year) and the UK (+11.2% per year).

Import Prices by Country

In 2021, the average cocoa powder with sugar import price amounted to $X per ton, with an increase of 4.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 8.2% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.2%).

Source: IndexBox Platform

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