SADC: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in SADC

The SADC chocolate and confectionery market fell modestly to $X in 2022, declining by -2.7% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.0% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Chocolate And Confectionery Production in SADC

In value terms, chocolate and confectionery production shrank modestly to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.5% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 18%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chocolate And Confectionery Exports

Exports in SADC

In 2022, chocolate and confectionery exports in SADC skyrocketed to X tons, picking up by 16% on the previous year. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate and confectionery exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 24% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

South Africa represented the major exporter of chocolate and confectionery in SADC, with the volume of exports reaching X tons, which was approx. 71% of total exports in 2022. Namibia (X tons) ranks second in terms of the total exports with a 12% share, followed by Swaziland (8.8%) and Zambia (5.9%). Madagascar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chocolate and confectionery exports from South Africa stood at +1.1%. At the same time, Madagascar (+12.8%), Zambia (+10.3%) and Namibia (+7.2%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of +12.8% from 2012-2022. By contrast, Swaziland (-2.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Namibia and Zambia increased by +5.2 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest chocolate and confectionery supplier in SADC, comprising 80% of total exports. The second position in the ranking was taken by Namibia ($X), with a 7.1% share of total exports. It was followed by Swaziland, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +3.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (+0.4% per year) and Swaziland (+0.1% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2017 when the export price increased by 9.1% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Chocolate And Confectionery Imports

Imports in SADC

In 2022, approx. X tons of chocolate and confectionery were imported in SADC; therefore, remained relatively stable against the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, chocolate and confectionery imports fell modestly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

South Africa dominates imports structure, amounting to X tons, which was near 58% of total imports in 2022. It was distantly followed by Democratic Republic of the Congo (X tons), Angola (X tons) and Mozambique (X tons), together achieving a 22% share of total imports. The following importers - Mauritius (X tons), Namibia (X tons), Botswana (X tons), Zimbabwe (X tons), Zambia (X tons) and Madagascar (X tons) - together made up 16% of total imports.

From 2012 to 2022, average annual rates of growth with regard to chocolate and confectionery imports into South Africa stood at +3.0%. At the same time, Democratic Republic of the Congo (+19.5%), Mozambique (+6.3%), Namibia (+5.9%), Madagascar (+4.6%), Mauritius (+3.4%), Zambia (+1.6%) and Botswana (+1.0%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +19.5% from 2012-2022. Zimbabwe experienced a relatively flat trend pattern. By contrast, Angola (-12.3%) illustrated a downward trend over the same period. South Africa (+11 p.p.), Democratic Republic of the Congo (+6.9 p.p.) and Mozambique (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Angola saw its share reduced by -22.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported chocolate and confectionery in SADC, comprising 56% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 9% share of total imports. It was followed by Mauritius, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (+21.1% per year) and Mauritius (+2.7% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, flattening at the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 7.3% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform