India: Caramel Market 2022

Caramel Market Size in India

In 2020, the Indian caramel market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Caramel Production in India

In value terms, caramel production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, saw a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Caramel Exports

Exports from India

After thirteen years of growth, overseas shipments of caramel decreased by -X% to X tons in 2020. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2019, and then contracted modestly in the following year.

In value terms, caramel exports rose rapidly to $X in 2020. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

The U.S. (X tons), Vietnam (X tons) and Nepal (X tons) were the main destinations of caramel exports from India, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) emerged as the key foreign market for caramel exports from India, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the UK ($X per ton), while the average price for exports to Indonesia ($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 the UK, while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into India

After five years of growth, overseas purchases of caramel decreased by -X% to X tons in 2020. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2019, and then dropped slightly in the following year.

In value terms, caramel imports fell markedly to $X in 2020. In general, imports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019, and then declined sharply in the following year.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of caramel to India, accounting for a X% share of total imports. Moreover, caramel imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), tenfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Belgium ($X) and Indonesia ($X) appeared to be the largest caramel suppliers to India, together accounting for X% of total imports.

Among the main suppliers, Indonesia saw 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

The average caramel import price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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