South Africa: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in South Africa

The South African chocolate and confectionery market declined to $X in 2022, shrinking by -1.9% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the market value increased by 9.6%. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Chocolate And Confectionery Production in South Africa

In value terms, chocolate and confectionery production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 9.5%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Chocolate And Confectionery Exports

Exports from South Africa

Chocolate and confectionery exports from South Africa expanded modestly to X tons in 2022, increasing by 2% on the previous year's figure. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 19%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, chocolate and confectionery exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +3.5% from 2012 to 2022; 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 29% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Namibia (X tons), Botswana (X tons) and Zambia (X tons) were the main destinations of chocolate and confectionery exports from South Africa, together comprising 36% of total exports. Mozambique, Malaysia, Zimbabwe, Swaziland, Angola, Kenya, Israel, Democratic Republic of the Congo, Mauritius and Malawi lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +83.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from South Africa were Namibia ($X), Botswana ($X) and Mozambique ($X), with a combined 35% share of total exports. Zambia, Israel, Kenya, Zimbabwe, Malaysia, Swaziland, Angola, Mauritius, Democratic Republic of the Congo and Malawi lagged somewhat behind, together accounting for a further 45%.

Malaysia, with a CAGR of +77.4%, saw 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

In 2022, the average chocolate and confectionery export price amounted to $X per ton, with an increase of 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2019 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Malaysia ($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 Malawi (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into South Africa

In 2022, the amount of chocolate and confectionery imported into South Africa fell to X tons, which is down by -2.6% compared with 2021. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 21%. Imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, chocolate and confectionery imports dropped to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 17% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Turkey (X tons), Belgium (X tons) and Malaysia (X tons) were the main suppliers of chocolate and confectionery imports to South Africa, with a combined 32% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +19.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to South Africa were Belgium ($X), Italy ($X) and Germany ($X), with a combined 30% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, shrinking by -2.6% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of 9.6%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Colombia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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