Africa: Caramel Market 2022

Caramel Market Size in Africa

The African caramel market stood at $X in 2020, rising by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Caramel Production in Africa

In value terms, caramel production expanded to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Production By Country in Africa

The countries with the highest volumes of caramel production in 2020 were Kenya (X tons), Swaziland (X tons) and Niger (X tons), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in Swaziland, while caramel production for the other leaders experienced mixed trends in the production figures.

Caramel Exports

Exports in Africa

In 2020, the amount of caramel exported in Africa surged to X tons, rising by X% on 2019. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, caramel exports fell slightly to $X in 2020. Overall, exports showed a buoyant increase. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

Swaziland dominates caramel exports structure, amounting to X tons, which was approx. X% of total exports in 2020. It was distantly followed by South Africa (X tons), comprising an X% share of total exports. The following exporters - Egypt (X tons) and Kenya (X tons) - each recorded a X% share of total exports.

Exports from Swaziland increased at an average annual rate of +X% from 2007 to 2020. At the same time, Egypt (+X%) and South Africa (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Kenya (-X%) illustrated a downward trend over the same period. Swaziland (+X p.p.) and Egypt (+X p.p.) significantly strengthened its position in terms of the total exports, while Kenya and South Africa saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, Swaziland ($X) remains the largest caramel supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

In Swaziland, caramel exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (+X% per year) and Egypt (+X% per year).

Export Prices by Country

In 2020, the caramel export price in Africa amounted to $X per ton, declining by -X% against the previous year. In general, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2008 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was South Africa ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced more modest paces of growth.

Caramel Imports

Imports in Africa

In 2020, purchases abroad of caramel increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to see gradual growth in years to come.

In value terms, caramel imports soared to $X in 2020. Overall, imports saw a strong expansion. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

South Africa (X tons) and Nigeria (X tons) represented roughly X% of total imports of caramel in 2020. It was distantly followed by Egypt (X tons), Senegal (X tons) and Algeria (X tons), together committing a X% share of total imports. The following importers - Cote d'Ivoire (X tons) and Morocco (X tons) - each accounted for a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Africa, while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Nigeria ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports.

South Africa saw 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

In 2020, the caramel import price in Africa amounted to $X per ton, approximately mirroring the previous year. Overall, the import price showed a mild setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Morocco ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Algeria, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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