What is the price of chocolate per kilogram/pound in Madagascar today?
The retail price range for Madagascar chocolate is between US$ 10.71 and US$ 24.34 per kilogram or between US$ 4.86 and US$ 11.04 per pound(lb). Click here to see today's exact prices of chocolate in Madagascar
The retail price range in Malagasy Ariary for chocolate is between MGA 47,392.48 and MGA 107,710.18 per kilogram or between MGA 21,493.19 and MGA 48,848.15 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar chocolate is between US$ 7.50 and US$ 17.04 per kilogram or between US$ 3.40 and US$ 7.73 per pound(lb).
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Madagascar Chocolate Export Prices - Historical, Trends and Prediction
The export price per kilogram of Chocolate from Madagascar over the last five years has seen a steady decline. In 2017, the price was 10.14 US $ per kg, which dropped to 7.81 US $ per kg in 2016. This trend continued in 2015, when the price was 7.44 US $ per kg, and in 2014, when it was 8.24 US $ per kg. In 2013, the price was 9.76 US $ per kg, and in 2012, it was 9.06 US $ per kg. The lowest price in the last five years was in 2011, when it was 12.44 US $ per kg. In 2020, the price was 12.52 US $ per kg, and in 2021, it was 10.49 US $ per kg. The most recent data shows that the price in 2022 was 10.67 US $ per kg. Based on this trend, it is predicted that the price in 2023 will be 10.45 US $ per kg, and in 2024, it will be 10.23 US $ per kg.The exports of chocolate from Madagascar are categorised as:
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
Madagascar Chocolate Import Prices - Historical, Trends and Prediction
The import price per kilogram of Chocolate into Madagascar over the last five years has been relatively stable. In 2017, the price was $10.14, followed by a slight increase to $11.32 in 2018. The price then rose to $12.56 in 2019, before dropping to $12.52 in 2020. The price then decreased again to $10.49 in 2021, before rising to $10.67 in 2022. Based on this trend, it is likely that the import price per kilogram of Chocolate into Madagascar will remain relatively stable in the next two years, with a predicted price of $10.67 in 2023 and $10.84 in 2024.Export values for Madagascar chocolate
The total values in export for chocolate in Madagascar were US$ 921, US$ 842, US$ 781 and US$ 1,645 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Madagascar: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of chocolate in other countries across Africa: Algeria chocolate, Angola chocolate, Botswana chocolate, Burundi chocolate, Cameroon chocolate, Cape Verde chocolate, Central African Republic chocolate, Comoros chocolate, DRC Congo chocolate & Benin chocolate.
Madagascar chocolate - Production, Exports, Imports, Seasons and HS Codes
The volume of chocolate exported by Madagascar in 2020 was 208 metric tons. In 2019 Madagascar exported 131 tonnes of chocolate. Across 2019 alone, the interest in Madagascar chocolate (processed category) has gone up, recording a change of 89.855 pc compared to the year 2018. Between 2017 and 2019, chocolate's exports grew by 57.83 percent netting the country US$1.64m for the year 2019. Madagascar's chocolate exports are categorised as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
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Madagascar chocolate export values
In 2019, Madagascar exported chocolate worth 1.64m USD, an increment of 109.99% from 2018's total chocolate export of 0.781m USD. The yearly increase in value of Madagascar chocolate between 2017 to 2018 was -7.245%.
The yearly change in the quantity of Madagascar's chocolate exports between 2017 and 2019 was 57.83 pc when compared to a variation of 89.855% in the growth rate between 2018 and 2019.
Export markets for Madagascar chocolate ( in '000$ )
Madagascar's top export markets for chocolate are US, France, United Kingdom (UK), Japan and Australia.
Madagascar procured 790 tonnes of chocolate in 2019.