Cote d'Ivoire: Caramel Market 2025

Caramel Market Size in Cote d'Ivoire

In 2022, the Cote d'Ivoire's caramel market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, saw prominent growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Caramel Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of caramel increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, caramel exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Senegal (X tons), Burkina Faso (X tons) and Egypt (X tons) were the main destinations of caramel exports from Cote d'Ivoire, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caramel exported from Cote d'Ivoire were Burkina Faso ($X), Senegal ($X) and Cameroon ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Burkina Faso, with a CAGR of X%, 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

In 2022, the average caramel export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Egypt ($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 Burkina Faso (X%), while the prices for the other major destinations experienced a decline.

Caramel Imports

Imports into Cote d'Ivoire

In 2022, purchases abroad of caramel decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, caramel imports amounted to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of caramel to Cote d'Ivoire, with a X% share of total imports. Moreover, caramel imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Swaziland (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Swaziland (X% per year).

In value terms, China ($X), France ($X) and Swaziland ($X) were the largest caramel suppliers to Cote d'Ivoire, together accounting for X% of total imports. Turkey lagged somewhat behind, accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average caramel import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform