Australia: Caramel Market 2022

Caramel Market Size in Australia

The Australian caramel market rose significantly to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Caramel consumption peaked in 2020 and is expected to retain growth in the near future.

Caramel Production in Australia

In value terms, caramel production rose rapidly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X% y-o-y. Caramel production peaked in 2020 and is likely to see steady growth in the immediate term.

Caramel Exports

Exports from Australia

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 growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Exports peaked at X tons in 2019, and then fell in the following year.

In value terms, caramel exports fell markedly to $X in 2020. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for caramel exports from Australia, with a X% share of total exports. Moreover, caramel exports to New Zealand exceeded the volume sent to the second major destination, Argentina (X tons), threefold. China (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to New Zealand totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+X% per year) and China (+X% per year).

In value terms, the largest markets for caramel exported from Australia were New Zealand ($X), China ($X) and the U.S. ($X), together accounting for X% of total exports. These countries were followed by Argentina, Indonesia, Ireland, Brazil, Mexico and Thailand, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average caramel export price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Australia

Caramel imports into Australia dropped to X tons in 2020, waning by -X% against the year before. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2017 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, caramel imports reduced modestly to $X in 2020. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2017 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest caramel supplier to Australia, accounting for a X% share of total imports. Moreover, caramel imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), eightfold. The third position in this ranking was occupied by Thailand (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Thailand (+X% per year).

In value terms, China ($X) constituted the largest supplier of caramel to Australia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, standing approx. at the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per ton), while the price for China ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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