China: Caramel Market 2022

Caramel Market Size in China

In 2020, the Chinese caramel market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, the total consumption indicated a temperate increase 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, consumption increased by +X% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Caramel Production in China

In value terms, caramel production shrank to $X in 2020 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Caramel production peaked at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Caramel Exports

Exports from China

In 2020, approx. X tons of caramel were exported from China; increasing by X% compared with the previous year. Overall, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, caramel exports rose modestly to $X in 2020. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are likely to see gradual growth in the near future.

Exports by Country

Indonesia (X tons), South Korea (X tons) and the Philippines (X tons) were the main destinations of caramel exports from China, together comprising X% of total exports. These countries were followed by Thailand, Malaysia, Australia, South Africa, the U.S., Singapore, Vietnam, Colombia, Russia and Hong Kong SAR, which together accounted for a further X 2007 to 2020, the biggest increases were in Colombia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caramel exported from China were Indonesia ($X), South Korea ($X) and the Philippines ($X), with a combined X% share of total exports. Thailand, the U.S., Malaysia, Vietnam, Australia, Hong Kong SAR, Singapore, Russia, South Africa and Colombia lagged somewhat behind, together accounting for a further X the main countries of destination, Colombia saw the highest rates of growth with regard to the value of exports, 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, approximately equating the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

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

Caramel Imports

Imports into China

For the fourth year in a row, China recorded growth in purchases abroad of caramel, which increased by X% to X tons in 2020. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, caramel imports surged to $X in 2020. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2007 to 2020, the average annual growth rate of volume from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+X% per year) and Vietnam (+X% per year).

In value terms, the largest caramel suppliers to China were Thailand ($X), Vietnam ($X) and Malaysia ($X), with a combined X% share of total imports. Myanmar and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X People's Democratic Republic (+X% per year) saw 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

The average caramel import price stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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