Tunisia: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Tunisia

In 2022, the Tunisian market for chocolate bars with cereals, fruit or nuts decreased by -11.7% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.0% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Tunisia

In value terms, production of chocolate bars with cereals, fruit or nuts shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Tunisia

In 2022, approx. X tons of chocolate bars with cereals, fruit or nuts were exported from Tunisia; with an increase of 21% against the previous year's figure. Overall, exports, however, saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 658% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 1,164%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Tunisia, with a 47% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to Mauritania exceeded the volume sent to the second major destination, Libya (X tons), threefold. The third position in this ranking was held by Yemen (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania totaled +108.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-25.4% per year) and Yemen (+31.0% per year).

In value terms, Libya ($X) remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from Tunisia, comprising 27% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 12% share of total exports. It was followed by Morocco, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Libya amounted to -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+69.8% per year) and Morocco (+8.3% per year).

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, waning by -20.8% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chocolate bars with cereals, fruit or nuts increased by +32.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 67% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank markedly in the following year.

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

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Tunisia

In 2022, imports of chocolate bars with cereals, fruit or nuts into Tunisia dropped remarkably to X tons, shrinking by -48.1% on 2021 figures. In general, imports, however, recorded moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, imports of chocolate bars with cereals, fruit or nuts fell notably to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 60%. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of cereal, fruit or nut chocolate bar to Tunisia, accounting for a 29% share of total imports. Moreover, imports of chocolate bars with cereals, fruit or nuts from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+21.8% per year) and Germany (+9.3% per year).

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to Tunisia were Germany ($X), Switzerland ($X) and Turkey ($X), together comprising 58% of total imports. The UK, the United Arab Emirates, Morocco, Egypt and Algeria lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, the UK, with a CAGR of +84.7%, 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 import price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, rising by 44% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform