Asia-Pacific: Caramel Market 2022

Caramel Market Size in Asia-Pacific

The Asia-Pacific caramel market skyrocketed to $X in 2020, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Caramel Production in Asia-Pacific

In value terms, caramel production rose markedly to $X in 2020 estimated in export prices. Over the period under review, production saw slight growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country in Asia-Pacific

The country with the largest volume of caramel production was China (X tons), comprising approx. X% of total volume. Moreover, caramel production in China exceeded the figures recorded by the second-largest producer, Thailand (X tons), twofold. India (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+X% per year) and India (-X% per year).

Caramel Exports

Exports in Asia-Pacific

For the fifth consecutive year, Asia-Pacific recorded growth in shipments abroad of caramel, which increased by X% to X tons in 2020. Over the period under review, exports saw a prominent increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, caramel exports soared to $X in 2020. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in years to come.

Exports by Country

In 2020, Thailand (X tons) and China (X tons) represented the major exporters of caramel in Asia-Pacific, together making up X% of total exports. It was distantly followed by Malaysia (X tons), making up a X% share of total exports. Indonesia (X tons) and South Korea (X tons) took a relatively small share of total exports.

From 2007 to 2020, the biggest increases were in Indonesia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest caramel supplying countries in Asia-Pacific were China ($X), Thailand ($X) and Malaysia ($X), together accounting for X% of total exports. Indonesia and South Korea lagged somewhat behind, together comprising a further X terms of the main exporting countries, Indonesia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the caramel export price in Asia-Pacific amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2010 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the export price figures.

Caramel Imports

Imports in Asia-Pacific

In 2020, approx. X tons of caramel were imported in Asia-Pacific; rising by X% on 2019 figures. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, caramel imports soared to $X in 2020. Over the period under review, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates caramel imports structure, amounting to X tons, which was near X% of total imports in 2020. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%), the Philippines (X%) and Thailand (X%). The following importers - Malaysia (X tons) and Vietnam (X tons) - each recorded an X% share of total imports.

China was also the fastest-growing in terms of the caramel imports, with a CAGR of +X% from 2007 to 2020. At the same time, Indonesia (+X%), Vietnam (+X%), the Philippines (+X%), Malaysia (+X%), Thailand (+X%) and South Korea (+X%) displayed positive paces of growth. While the share of China (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Malaysia (-X p.p.), Thailand (-X p.p.) and South Korea (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported caramel in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, caramel imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the caramel import price in Asia-Pacific amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2008 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 failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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