South Africa: Cocoa Paste Market 2025

Cocoa Paste Market Size in South Africa

The South African cocoa paste market rose notably to $X in 2021, surging by 9.6% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cocoa paste consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Cocoa Paste Production in South Africa

In value terms, cocoa paste production rose rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42%. Cocoa paste production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Cocoa Paste Exports

Exports from South Africa

In 2021, exports of cocoa paste from South Africa surged to X tons, growing by 151% against 2020 figures. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 250%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cocoa paste exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 377% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for cocoa paste exports from South Africa, accounting for a 85% share of total exports. Moreover, cocoa paste exports to the Netherlands exceeded the volume sent to the second major destination, Botswana (X kg), eightfold. The third position in this ranking was held by Mozambique (X kg), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+17.3% per year) and Mozambique (-26.7% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for cocoa paste exports from South Africa, comprising 78% of total exports. The second position in the ranking was taken by Botswana ($X), with a 17% share of total exports. It was followed by Mozambique, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+34.4% per year) and Mozambique (-22.2% per year).

Export Prices by Country

In 2021, the average cocoa paste export price amounted to $X per ton, surging by 19% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa paste export price decreased by -23.2% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 37% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Namibia ($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 Botswana (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Paste Imports

Imports into South Africa

In 2021, the amount of cocoa paste imported into South Africa expanded remarkably to X tons, increasing by 10% compared with the previous year. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 13%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, cocoa paste imports reached $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 +39.9% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 58%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Cote d'Ivoire (X tons), the Netherlands (X tons) and Ghana (X tons) were the main suppliers of cocoa paste imports to South Africa, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +50.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), the Netherlands ($X) and Singapore ($X) constituted the largest cocoa paste suppliers to South Africa, together comprising 90% of total imports.

The Netherlands, with a CAGR of +52.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cocoa paste import price amounted to $X per ton, stabilizing at the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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