Kenya: Chocolate Market 2024

Chocolate Market Size in Kenya

The Kenyan chocolate market amounted to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate strong growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Chocolate Production in Kenya

In value terms, chocolate production expanded to $X in 2022 estimated in export price. In general, production saw a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% 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 Kenya

After two years of decline, overseas shipments of chocolate and other food preparations containing cocoa increased by X% to X tons in 2022. Over the period under review, exports, however, recorded a deep downturn. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate exports skyrocketed to $X in 2022. Overall, exports, however, faced a sharp descent. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Uganda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Rwanda (X% per year).

In value terms, Uganda ($X) emerged as the key foreign market for chocolate and other food preparations containing cocoa exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 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 Rwanda ($X per ton), while the average price for exports to Uganda ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced a decline.

Chocolate Imports

Imports into Kenya

In 2022, purchases abroad of chocolate and other food preparations containing cocoa decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, chocolate imports declined rapidly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of chocolate to Kenya, accounting for a X% share of total imports. Moreover, chocolate imports from Singapore exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, the largest chocolate suppliers to Kenya were Belgium ($X), Singapore ($X) and Turkey ($X), together comprising X% of total imports. Germany, Malaysia, Egypt, South Africa and India lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Malaysia, 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 2022, the average chocolate import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

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

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

Source: IndexBox Platform

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