Belgium: Caramel Market 2022

Caramel Market Size in Belgium

The Belgian caramel market amounted to $X in 2020, growing by X% against the previous year. Over the period under review, consumption, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Caramel Production in Belgium

In value terms, caramel production fell to $X in 2020 estimated in export prices. In general, production, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2014 to 2020, production growth remained at a lower figure.

Caramel Exports

Exports from Belgium

In 2020, overseas shipments of caramel were finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, caramel exports rose rapidly to $X in 2020. Overall, exports, however, showed a noticeable downturn. Over the period under review, exports reached the peak figure at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of caramel exports from Belgium, with a combined X% share of total exports. The UK, the U.S., Singapore, Spain, Italy and Canada lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Singapore (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) were the largest markets for caramel exported from Belgium worldwide, with a combined X% share of total exports. These countries were followed by Singapore, the U.S., the UK, Spain, Canada and Italy, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of 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, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while the average price for exports to Germany ($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 UK, while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Belgium

In 2020, supplies from abroad of caramel decreased by -X% to X tons, falling for the third year in a row after two years of growth. In general, total imports indicated a modest increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, caramel imports totaled $X in 2020. Over the period under review, total imports indicated a modest increase from 2007 to 2020: its value 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, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

France (X tons), the Netherlands (X tons) and Slovakia (X tons) were the main suppliers of caramel imports to Belgium, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in the Netherlands, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest caramel suppliers to Belgium, together comprising X% of total imports.

The Netherlands recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average caramel import price stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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