Indonesia: Caramel Market 2022

Caramel Market Size in Indonesia

In 2020, the Indonesian caramel market increased by X% to $X, rising for the fourth year in a row after five years of decline. Overall, consumption, however, showed a noticeable decline. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Caramel Production in Indonesia

In value terms, caramel production expanded rapidly to $X in 2020 estimated in export prices. In general, production, however, saw a noticeable setback. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Caramel Exports

Exports from Indonesia

Caramel exports from Indonesia soared to X tons in 2020, with an increase of X% compared with 2019. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, caramel exports skyrocketed to $X in 2020. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

The U.S. (X tons), China (X tons) and New Zealand (X tons) were the main destinations of caramel exports from Indonesia, together comprising X% of total exports. These countries were followed by Malaysia, Singapore, the Netherlands, Vietnam, Germany, South Korea, Canada, Australia and the UK, which together accounted for a further X 2007 to 2020, the biggest increases were in Germany (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the key foreign market for caramel exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and New Zealand (+X% per year).

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, export price indicated tangible growth 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. Based on 2020 figures, caramel export price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

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

Caramel Imports

Imports into Indonesia

In 2020, the amount of caramel imported into Indonesia rose sharply to X tons, picking up by X% on the previous year. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, caramel imports totaled $X in 2020. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in the near future.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of caramel to Indonesia, with a X% share of total imports. Moreover, caramel imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. Myanmar (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 totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Myanmar (+X% per year).

In value terms, China ($X) constituted the largest supplier of caramel to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Myanmar (+X% per year).

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, reducing by -X% against the previous year. In general, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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