Tanzania: Chocolate Market 2024

Chocolate Market Size in Tanzania

The Tanzanian chocolate market expanded to $X in 2022, rising by 3.3% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Chocolate Production in Tanzania

In value terms, chocolate production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. Chocolate production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Chocolate Exports

Exports from Tanzania

In 2022, overseas shipments of chocolate and cocoa products were finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw a resilient increase. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, chocolate exports soared to $X in 2022. In general, exports enjoyed a strong expansion. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Burundi (X tons) was the main destination for chocolate exports from Tanzania, with a 69% share of total exports. Moreover, chocolate exports to Burundi exceeded the volume sent to the second major destination, Uganda (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Burundi totaled +106.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+42.1% per year) and the UK (-53.7% per year).

In value terms, Burundi ($X) remains the key foreign market for chocolate and cocoa products exports from Tanzania, comprising 87% of total exports. The second position in the ranking was held by Uganda ($X), with an 8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Burundi amounted to +66.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+22.0% per year) and the UK (-54.5% per year).

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, falling by -21.1% against the previous year. Over the period under review, the export price recorded a perceptible descent. The pace of growth was the most pronounced in 2013 an increase of 75%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Uganda ($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 the Netherlands (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Tanzania

After three years of growth, purchases abroad of chocolate and cocoa products decreased by -47.7% to X tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 96%. Over the period under review, imports hit record highs at X tons in 2021, and then declined notably in the following year.

In value terms, chocolate imports shrank significantly to $X in 2022. In general, imports showed a mild slump. The most prominent rate of growth was recorded in 2019 when imports increased by 131%. Over the period under review, imports hit record highs at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest chocolate supplier to Tanzania, accounting for a 35% share of total imports. Moreover, chocolate imports from Turkey exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+65.6% per year) and South Africa (+6.3% per year).

In value terms, South Africa ($X) constituted the largest supplier of chocolate and cocoa products to Tanzania, comprising 46% of total imports. The second position in the ranking was held by the UK ($X), with a 9.7% share of total imports. It was followed by the Netherlands, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from South Africa stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.9% per year) and the Netherlands (-8.3% per year).

Import Prices by Country

The average chocolate import price stood at $X per ton in 2022, declining by -17.3% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth was the most pronounced in 2013 an increase of 20% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform