Canada: Caramel Market 2022

Caramel Market Size in Canada

In 2020, the Canadian caramel market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. 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 Canada

In value terms, caramel production skyrocketed to $X in 2020 estimated in export prices. Overall, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Caramel Exports

Exports from Canada

In 2020, approx. X tons of caramel were exported from Canada; increasing by X% compared with 2019 figures. In general, total exports indicated modest growth 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. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, caramel exports expanded sharply to $X in 2020. Overall, total exports indicated a temperate expansion from 2007 to 2020: its value 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, exports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2010 with an increase of 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

The U.S. (X tons) was the main destination for caramel exports from Canada, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. totaled +X%.

In value terms, the U.S. ($X) also remains the key foreign market for caramel exports from Canada.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at +X%.

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, falling by -X% against the previous year. Overall, export price indicated a mild expansion from 2007 to 2020: its price 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. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Caramel Imports

Imports into Canada

In 2020, supplies from abroad of caramel decreased by -X% to X tons, falling for the third year in a row after five years of growth. In general, imports, however, posted a strong expansion. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, caramel imports amounted to $X in 2020. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest caramel supplier to Canada, accounting for a X% share of total imports. Moreover, caramel imports from the U.S. exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a buoyant 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 import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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