South Africa: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in South Africa

After four years of growth, the South African chocolate bar with filling market decreased by -2.2% to $X in 2021. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Chocolate Bars With Fillings in South Africa

In value terms, chocolate bar with filling production dropped to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from South Africa

In 2021, shipments abroad of chocolate bars with fillings decreased by -12.2% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 23%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, chocolate bar with filling exports amounted to $X in 2021. Over the period under review, exports saw a pronounced curtailment. The growth pace was the most rapid in 2017 when exports increased by 31% against the previous year. 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

Namibia (X tons), Zambia (X tons) and Zimbabwe (X tons) were the main destinations of chocolate bar with filling exports from South Africa, together accounting for 57% of total exports. These countries were followed by Swaziland, the United States, Botswana, Taiwan (Chinese), Portugal, Israel, Mozambique, Australia, Democratic Republic of the Congo and Seychelles, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +282,316.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate bar with filling exported from South Africa were Namibia ($X), Zambia ($X) and Zimbabwe ($X), together comprising 52% of total exports. These countries were followed by the United States, Taiwan (Chinese), Portugal, Botswana, Swaziland, Israel, Australia, Mozambique, Democratic Republic of the Congo and Seychelles, which together accounted for a further 38%.

Taiwan (Chinese), with a CAGR of +167,944.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Portugal ($X per ton), while the average price for exports to Swaziland ($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 Australia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into South Africa

Chocolate bar with filling imports into South Africa soared to X tons in 2021, growing by 18% compared with the previous year. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.6% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 66%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports fell slightly to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 41%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of chocolate bar with filling to South Africa, with a 44% share of total imports. Moreover, chocolate bar with filling imports from Turkey exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+34.8% per year) and the UK (+14.7% per year).

In value terms, the UK ($X), Ireland ($X) and Germany ($X) constituted the largest chocolate bar with filling suppliers to South Africa, together accounting for 54% of total imports.

Ireland, with a CAGR of +29.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2021, which is down by -15.8% against the previous year. In general, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of 9.1% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :