
Nigeria - Chocolate and Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Chocolate Market 2025
Chocolate Market Size in Nigeria
The Nigerien chocolate market totaled $X in 2022, flattening at the previous year. Over the period under review, consumption showed a buoyant increase. Chocolate consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Chocolate Production in Nigeria
In value terms, chocolate production contracted modestly to $X in 2022 estimated in export price. Overall, production posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 98%. Chocolate production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Chocolate Exports
Exports from Nigeria
Chocolate exports from Nigeria declined markedly to X tons in 2022, with a decrease of -30.8% on the previous year. Overall, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by 13,348% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, chocolate exports rose notably to $X in 2022. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 10,102%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.
Exports by Country
The United States (X tons) was the main destination for chocolate exports from Nigeria, accounting for a 92% share of total exports. Moreover, chocolate exports to the United States exceeded the volume sent to the second major destination, Niger (X tons), more than tenfold.
From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+56.7% per year) and Canada (+67.3% per year).
In value terms, the United States ($X) remains the key foreign market for chocolate and other food preparations containing cocoa exports from Nigeria, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 1.1% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+51.7% per year) and Niger (+21.5% per year).
Export Prices by Country
The average chocolate export price stood at $X per ton in 2022, with an increase of 58% against the previous year. Overall, the export price saw a modest increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Niger ($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 the United States (+3.0%), while the prices for the other major destinations experienced a decline.
Chocolate Imports
Imports into Nigeria
In 2022, imports of chocolate and other food preparations containing cocoa into Nigeria contracted sharply to X tons, declining by -31.3% against the previous year. Over the period under review, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 310% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined dramatically in the following year.
In value terms, chocolate imports shrank sharply to $X in 2022. Overall, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2019 with an increase of 537%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2022, India (X tons) constituted the largest chocolate supplier to Nigeria, accounting for a 86% share of total imports. Moreover, chocolate imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 1.9% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +184.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.7% per year) and Turkey (-24.8% per year).
In value terms, India ($X) constituted the largest supplier of chocolate and other food preparations containing cocoa to Nigeria, comprising 74% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.5% share of total imports. It was followed by Turkey, with a 1.6% share.
From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +261.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+17.6% per year) and Turkey (-23.5% per year).
Import Prices by Country
In 2022, the average chocolate import price amounted to $X per ton, which is down by -2.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 55% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($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 (+86.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the chocolate market in Nigeria. 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 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
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