Western Africa: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Western Africa

The West African market for candies, sweets, and nonchocolate confectionery reduced modestly to $X in 2022, shrinking by -3.2% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Western Africa

In value terms, candy, sweets, and nonchocolate confectionery production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 23%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports in Western Africa

In 2022, after five years of growth, there was significant decline in shipments abroad of candies, sweets, and nonchocolate confectionery, when their volume decreased by -13.7% to X tons. Overall, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, candy, sweets, and nonchocolate confectionery exports stood at $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Togo prevails in exports structure, amounting to X tons, which was near 90% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X tons), comprising a 5.1% share of total exports. The following exporters - Nigeria (X tons) and Senegal (X tons) - each accounted for a 3.8% share of total exports.

Togo was also the fastest-growing in terms of the candies, sweets, and nonchocolate confectionery exports, with a CAGR of +12.3% from 2012 to 2022. Senegal experienced a relatively flat trend pattern. Cote d'Ivoire (-11.8%) and Nigeria (-14.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo increased by +48 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest candy, sweets, and nonchocolate confectionery supplier in Western Africa, comprising 77% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 16% share of total exports. It was followed by Senegal, with a 3.7% share.

In Togo, candy, sweets, and nonchocolate confectionery exports expanded at an average annual rate of +13.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-9.5% per year) and Senegal (-0.9% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, increasing by 28% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports in Western Africa

In 2022, the amount of candies, sweets, and nonchocolate confectionery imported in Western Africa fell to X tons, waning by -6% compared with the year before. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, candy, sweets, and nonchocolate confectionery imports declined to $X in 2022. Total imports indicated prominent 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, imports increased by +4.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 48%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Burkina Faso (X tons), Cote d'Ivoire (X tons), Ghana (X tons), Niger (X tons) and Senegal (X tons) were the major importers of candies, sweets, and nonchocolate confectionery, together generating 74% of total imports. Togo (X tons), Mali (X tons), Guinea (X tons), Gambia (X tons), Mauritania (X tons), Sierra Leone (X tons) and Benin (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of +26.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candy, sweets, and nonchocolate confectionery importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined 52% share of total imports.

Cote d'Ivoire, with a CAGR of +23.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, shrinking by -6.6% against the previous year. Overall, the import price recorded a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of 6.9% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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