Brazil: Caramel Market 2024

Caramel Market Size in Brazil

The Brazilian caramel market fell modestly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Caramel Production in Brazil

In value terms, caramel production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Caramel production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Caramel Exports

Exports from Brazil

In 2022, overseas shipments of caramel increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, caramel exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for caramel exports from Brazil, with a X% share of total exports. Moreover, caramel exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), threefold. Chile (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Chile (X% per year).

In value terms, the largest markets for caramel exported from Brazil were the United States ($X), Argentina ($X) and the Dominican Republic ($X), with a combined X% share of total exports. Chile, Colombia, Paraguay and South Africa lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, recorded 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

In 2022, the average caramel export price amounted to $X per ton, rising 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 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced a decline.

Caramel Imports

Imports into Brazil

Caramel imports into Brazil surged to X tons in 2022, picking up by X% against the previous year. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, caramel imports amounted to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of caramel to Brazil, accounting for a X% share of total imports. Moreover, caramel imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Indonesia (X% per year).

In value terms, Chile ($X) constituted the largest supplier of caramel to Brazil, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average caramel import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform