Eastern Asia: Caramel Market 2022

Caramel Market Size in Eastern Asia

The East Asian caramel market skyrocketed to $X in 2020, jumping by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Caramel Production in Eastern Asia

In value terms, caramel production reduced modestly to $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Production By Country in Eastern Asia

The country with the largest volume of caramel production was China (X tons), comprising approx. X% of total volume. Moreover, caramel production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), tenfold. The third position in this ranking was occupied by Taiwan (Chinese) (X tons), with a X% share.

In China, caramel production remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (-X% per year) and Taiwan (Chinese) (-X% per year).

Caramel Exports

Exports in Eastern Asia

For the fifth consecutive year, Eastern Asia recorded growth in overseas shipments of caramel, which increased by X% to X tons in 2020. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is likely to see steady growth in the near future.

In value terms, caramel exports rose slightly to $X in 2020. In general, exports saw a buoyant expansion. 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 in 2020 and are likely to see steady growth in years to come.

Exports by Country

China prevails in caramel exports structure, amounting to X tons, which was approx. X% of total exports in 2020. It was distantly followed by South Korea (X tons), comprising a X% share of total exports.

China was also the fastest-growing in terms of the caramel exports, with a CAGR of +X% from 2007 to 2020. At the same time, South Korea (+X%) displayed positive paces of growth. From 2007 to 2020, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest caramel supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in China totaled +X%.

Export Prices by Country

The caramel export price in Eastern Asia stood at $X per ton in 2020, approximately mirroring the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Caramel Imports

Imports in Eastern Asia

In 2020, supplies from abroad of caramel increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, caramel imports skyrocketed to $X in 2020. Over the period under review, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China prevails in caramel imports structure, reaching X tons, which was approx. X% of total imports in 2020. It was distantly followed by South Korea (X tons), constituting a X% share of total imports.

China was also the fastest-growing in terms of the caramel imports, with a CAGR of +X% from 2007 to 2020. At the same time, South Korea (+X%) displayed positive paces of growth. While the share of China (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of South Korea (-X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported caramel in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports.

In China, caramel imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

In 2020, the caramel import price in Eastern Asia amounted to $X per ton, falling by -X% against the previous year. Overall, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea.

Source: IndexBox Platform

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