Western Africa: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Western Africa

The West African chocolate bar with filling market was estimated at $X in 2023, surging by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Chocolate Bars With Fillings in Western Africa

In value terms, chocolate bar with filling production rose slightly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Chocolate Bars With Fillings

Exports in Western Africa

In 2023, overseas shipments of chocolate bars with fillings decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, chocolate bar with filling exports dropped remarkably to $X in 2023. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Nigeria represented the key exporter of chocolate bars with fillings in Western Africa, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. Ghana (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Cabo Verde (X%) and Togo (X%). Senegal (X tons) and Niger (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to chocolate bar with filling exports from Nigeria stood at X%. At the same time, Niger (X%), Ghana (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%) and Togo (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Ghana (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Cabo Verde (X p.p.) and Senegal (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cabo Verde ($X) emerged as the largest chocolate bar with filling supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Cabo Verde stood at X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Imports of Chocolate Bars With Fillings

Imports in Western Africa

In 2023, supplies from abroad of chocolate bars with fillings decreased by X% to X tons, falling for the second year in a row after five years of growth. Overall, imports, however, posted noticeable growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, chocolate bar with filling imports declined remarkably to $X in 2023. Over the period under review, imports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then fell dramatically in the following year.

Imports by Country

In 2023, Mauritania (X tons) represented the major importer of chocolate bars with fillings, mixing up X% of total imports. Niger (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Sierra Leone (X%), Senegal (X%), Mali (X%), Cote d'Ivoire (X%), Guinea (X%) and Ghana (X%).

From 2012 to 2023, average annual rates of growth with regard to chocolate bar with filling imports into Mauritania stood at X%. At the same time, Mali (X%), Guinea (X%), Sierra Leone (X%), Cote d'Ivoire (X%), Senegal (X%) and Niger (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) illustrated a downward trend over the same period. Mauritania (X p.p.), Mali (X p.p.), Sierra Leone (X p.p.), Guinea (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X), Cote d'Ivoire ($X) and Sierra Leone ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Senegal, Niger, Ghana, Mali and Guinea lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Mali, with a CAGR of X%, saw 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 2023, the import price in Western Africa amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform