South Africa: Market for Cocoa Powder (Containing Added Sugar) 2025

Market Size for Cocoa Powder (Containing Added Sugar) in South Africa

The South African cocoa powder with sugar market amounted to $X in 2021, surging by 12% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of Cocoa Powder (Containing Added Sugar) in South Africa

In value terms, cocoa powder with sugar production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from South Africa

In 2021, the amount of cocoa powder (containing added sugar) exported from South Africa fell remarkably to X tons, with a decrease of -19.6% on the year before. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 37% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports reduced modestly to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 38%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Botswana (X tons), Mozambique (X tons) and Namibia (X tons) were the main destinations of cocoa powder with sugar exports from South Africa, together accounting for 51% of total exports. These countries were followed by Swaziland, Zambia, Portugal, Hong Kong SAR, Zimbabwe, Democratic Republic of the Congo, Denmark, Angola, Lesotho and Malawi, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +144.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cocoa powder with sugar exported from South Africa were Botswana ($X), Mozambique ($X) and Denmark ($X), with a combined 47% share of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of +135.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2021, increasing by 24% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa powder with sugar export price increased by +115.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 72%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Zimbabwe ($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 Portugal (+63.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into South Africa

In 2021, supplies from abroad of cocoa powder (containing added sugar) increased by 120% to X tons, rising for the fifth year in a row after four years of decline. In general, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 192% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a noticeable decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Swaziland (X tons) constituted the largest supplier of cocoa powder with sugar to South Africa, accounting for a 76% share of total imports. Moreover, cocoa powder with sugar imports from Swaziland exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Swaziland totaled -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+67.8% per year) and the UK (-10.6% per year).

In value terms, Swaziland ($X) constituted the largest supplier of cocoa powder (containing added sugar) to South Africa, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Swaziland amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+60.6% per year) and the UK (-8.1% per year).

Import Prices by Country

In 2021, the average cocoa powder with sugar import price amounted to $X per ton, rising by 13% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% 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 powder with sugar import price decreased by -31.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 41%. The import price peaked at $X per ton in 2019; however, from 2020 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 the UK ($X per ton), while the price for Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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