SADC: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in SADC

After five years of growth, the SADC chocolate bar with filling market decreased by -1.1% to $X in 2021. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Production of Chocolate Bars With Fillings in SADC

In value terms, chocolate bar with filling production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 10% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Chocolate Bars With Fillings

Exports in SADC

In 2021, overseas shipments of chocolate bars with fillings decreased by -11.7% to X tons, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, chocolate bar with filling exports expanded to $X in 2021. Over the period under review, exports continue to indicate a slight decline. The pace of growth was the most pronounced in 2017 when exports increased by 26%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa was the major exporter of chocolate bars with fillings in SADC, with the volume of exports finishing at X tons, which was near 86% of total exports in 2021. It was distantly followed by Namibia (X tons), creating a 12% share of total exports. Swaziland (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to chocolate bar with filling exports from South Africa stood at -2.7%. At the same time, Swaziland (+31.7%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of +31.7% from 2012-2021. By contrast, Namibia (-4.6%) illustrated a downward trend over the same period. While the share of South Africa (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Namibia (-1.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest chocolate bar with filling supplier in SADC, comprising 66% of total exports. The second position in the ranking was taken by Namibia ($X), with a 33% share of total exports.

In South Africa, chocolate bar with filling exports contracted by an average annual rate of -2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Namibia (+4.9% per year) and Swaziland (+18.4% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, increasing by 19% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.9% 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 +66.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by 22% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+10.0%), while the other leaders experienced a decline in the export price figures.

Imports of Chocolate Bars With Fillings

Imports in SADC

In 2021, imports of chocolate bars with fillings in SADC surged to X tons, rising by 30% compared with the year before. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 32%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, chocolate bar with filling imports totaled $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the key importing country with an import of around X tons, which resulted at 64% of total imports. It was distantly followed by Angola (X tons), generating a 12% share of total imports. Namibia (X tons), Mauritius (X tons), Zimbabwe (X tons), Zambia (X tons), Mozambique (X tons), Seychelles (X tons) and Democratic Republic of the Congo (X tons) held a minor share of total imports.

Imports into South Africa increased at an average annual rate of +9.6% from 2012 to 2021. At the same time, Seychelles (+34.3%), Democratic Republic of the Congo (+21.0%), Mauritius (+18.1%), Angola (+5.7%) and Zambia (+4.0%) displayed positive paces of growth. Moreover, Seychelles emerged as the fastest-growing importer imported in SADC, with a CAGR of +34.3% from 2012-2021. Mozambique experienced a relatively flat trend pattern. By contrast, Namibia (-3.2%) and Zimbabwe (-3.3%) illustrated a downward trend over the same period. South Africa (+11 p.p.), Mauritius (+2.3 p.p.) and Seychelles (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Angola, Mozambique, Zimbabwe and Namibia saw its share reduced by -1.7%, -2%, -4.3% and -6.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported chocolate bars with fillings in SADC, comprising 52% of total imports. The second position in the ranking was taken by Angola ($X), with a 10% share of total imports. It was followed by Mauritius, with an 8.6% share.

In South Africa, chocolate bar with filling imports increased at an average annual rate of +4.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Angola (-2.9% per year) and Mauritius (+19.6% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, dropping by -13.4% against the previous year. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 7.4%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform