Africa: Caramel Market 2024

Caramel Market Size in Africa

The African caramel market declined slightly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Caramel Production in Africa

In value terms, caramel production declined to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Caramel Exports

Exports in Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of caramel, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, caramel exports contracted to $X in 2022. In general, exports, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Swaziland prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. South Africa (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%). Zambia (X tons) followed a long way behind the leaders.

Exports from Swaziland increased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Swaziland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Swaziland totaled X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Caramel Imports

Imports in Africa

In 2022, purchases abroad of caramel decreased by X% to X tons, falling for the second consecutive year after four years of growth. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, caramel imports shrank slightly to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) represented the key importer of caramel, making up X% of total imports. Algeria (X tons) took the second position in the ranking, followed by Nigeria (X tons), Egypt (X tons) and Senegal (X tons). All these countries together held near X% share of total imports. Ghana (X tons), Morocco (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons) took a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Cameroon (X%), Cote d'Ivoire (X%), Algeria (X%), Morocco (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Ghana (X p.p.) and Algeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported caramel in Africa, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Algeria (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform