Australia and Oceania: Caramel Market 2022

Caramel Market Size in Australia and Oceania

In 2020, after three years of growth, there was decline in the caramel market in Australia and Oceania, when its value decreased by -X% to $X. In general, consumption, however, saw resilient growth. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2019, and then contracted in the following year.

Caramel Production in Australia and Oceania

In value terms, caramel production stood at $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% y-o-y. The level of production peaked in 2020 and is expected to retain growth in years to come.

Production By Country in Australia and Oceania

Australia (X tons) constituted the country with the largest volume of caramel production, accounting for X% of total volume.

In Australia, caramel production increased at an average annual rate of +X% over the period from 2007-2020.

Caramel Exports

Exports in Australia and Oceania

After two years of growth, shipments abroad of caramel decreased by -X% to X tons in 2020. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2019, and then declined in the following year.

In value terms, caramel exports contracted notably to $X in 2020. Overall, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Australia prevails in caramel exports structure, amounting to X tons, which was near X% of total exports in 2020. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the caramel exports, with a CAGR of +X% from 2007 to 2020. New Zealand (-X%) illustrated a downward trend over the same period. While the share of Australia (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of New Zealand (-X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest caramel supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

In Australia, caramel exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The caramel export price in Australia and Oceania stood at $X per ton in 2020, declining by -X% against the previous year. Export price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, caramel export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices attained the maximum at $X per ton in 2018; however, from 2019 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 New Zealand ($X per ton), while Australia totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand.

Caramel Imports

Imports in Australia and Oceania

In 2020, overseas purchases of caramel decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2019, and then reduced in the following year.

In value terms, caramel imports reduced to $X in 2020. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Australia (X tons) and New Zealand (X tons) represented roughly X% of total imports of caramel in 2020.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand.

In value terms, the largest caramel importing markets in Australia and Oceania were New Zealand ($X) and Australia ($X the main importing countries, New Zealand saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The caramel import price in Australia and Oceania stood at $X per ton in 2020, remaining constant against the previous year. Import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, caramel import price increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2019 when the import price increased by X% year-to-year. The level of import peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand.

Source: IndexBox Platform

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