Brazil: Caramel Market 2022

Caramel Market Size in Brazil

After two years of growth, the Brazilian caramel market decreased by -X% to $X in 2020. Overall, consumption, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Caramel consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Caramel Production in Brazil

In value terms, caramel production declined to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a noticeable decline. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Caramel production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Caramel Exports

Exports from Brazil

After two years of decline, overseas shipments of caramel increased by X% to X tons in 2020. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. from 2012 to 2020, the growth exports failed to regain the momentum.

In value terms, caramel exports reduced to $X in 2020. Over the period under review, exports saw a perceptible slump. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

The U.S. (X tons) was the main destination for caramel exports from Brazil, with a X% share of total exports. Moreover, caramel exports to the U.S. exceeded the volume sent to the second major destination, Argentina (X tons), twofold. South Africa (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+X% per year) and South Africa (+X% per year).

In value terms, Argentina ($X), the U.S. ($X) and South Africa ($X) appeared to be the largest markets for caramel exported from Brazil worldwide, together comprising X% of total exports.

The U.S. 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, reducing by -X% against the previous year. In general, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to the U.S. ($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 South Africa, while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Brazil

In 2020, the amount of caramel imported into Brazil dropped modestly to X tons, remaining constant against the previous year's figure. In general, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at X tons in 2019, and then fell in the following year.

In value terms, caramel imports dropped significantly to $X in 2020. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2019, and then contracted rapidly in the following year.

Imports by Country

In 2020, Argentina (X tons) constituted the largest supplier of caramel to Brazil, with a X% share of total imports. Moreover, caramel imports from Argentina exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

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

In value terms, Chile ($X), Indonesia ($X) and Argentina ($X) were the largest caramel suppliers to Brazil, with a combined X% share of total imports. The U.S., China, South Africa and France lagged somewhat behind, together accounting for a further X (+X% per year) 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 more modest paces of growth.

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Africa ($X per ton), while the price for Argentina ($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 Africa, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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