MENA: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in MENA

The MENA's cocoa powder with sugar market reduced to $X in 2023, remaining stable against the previous year. Overall, consumption continues to indicate a mild shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in MENA

In value terms, cocoa powder with sugar production reduced slightly to $X in 2023 estimated in export price. In general, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in MENA

After two years of growth, shipments abroad of cocoa powder (containing added sugar) decreased by X% to X tons in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports declined significantly to $X in 2023. Over the period under review, exports saw a mild decrease. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Saudi Arabia (X tons) was the major exporter of cocoa powder (containing added sugar), creating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Egypt (X tons), Turkey (X tons) and Tunisia (X tons), together generating a X% share of total exports. The following exporters - Syrian Arab Republic (X tons) and Kuwait (X tons) - each finished at a X% share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%), the United Arab Emirates (X%), Tunisia (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Turkey (X%) and Egypt (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), the United Arab Emirates (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and Egypt saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest cocoa powder with sugar supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a slight decline. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports in MENA

In 2023, approx. X tons of cocoa powder (containing added sugar) were imported in MENA; falling by X% compared with 2022. Overall, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar imports rose rapidly to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

Egypt was the key importing country with an import of around X tons, which finished at X% of total imports. Iraq (X tons) ranks second in terms of the total imports with an X% share, followed by the United Arab Emirates (X%), Morocco (X%), Lebanon (X%) and Libya (X%). The following importers - Israel (X tons) and Yemen (X tons) - together made up X% of total imports.

Egypt was also the fastest-growing in terms of the cocoa powder (containing added sugar) imports, with a CAGR of X% from 2012 to 2023. At the same time, Lebanon (X%), Israel (X%), Morocco (X%), Iraq (X%) and Libya (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Yemen (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Egypt, Iraq, Lebanon, Morocco and Israel increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported cocoa powder (containing added sugar) in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iraq, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Egypt totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform