Italy: Caramel Market 2022

Caramel Market Size in Italy

The Italian caramel market stood at $X in 2020, picking up by X% against the previous year. Overall, consumption, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Caramel Production in Italy

In value terms, caramel production contracted significantly to $X in 2020 estimated in export prices. Over the period under review, production recorded a deep slump. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2010 to 2020, production growth failed to regain the momentum.

Caramel Exports

Exports from Italy

In 2020, caramel exports from Italy dropped to X tons, which is down by -X% on the previous year. In general, exports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, caramel exports dropped modestly to $X in 2020. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then dropped slightly in the following year.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of caramel exports from Italy, together comprising X% of total exports. Russia, Bangladesh, Algeria, India, the Czech Republic, Austria, Romania, Slovenia, Greece and Poland lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Bangladesh ($X) constituted the largest markets for caramel exported from Italy worldwide, together accounting for X% of total exports. These countries were followed by France, Algeria, India, Austria, Romania, Russia, the Czech Republic, Slovenia, Poland and Greece, which together accounted for a further X terms of the main countries of destination, Romania recorded 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, surging by X% against the previous year. Over the period under review, export price indicated buoyant growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, caramel export price increased by +X% against 2011 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in years to come.

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

Caramel Imports

Imports into Italy

In 2020, overseas purchases of caramel decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, caramel imports totaled $X in 2020. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

France (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of caramel imports to Italy, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caramel suppliers to Italy were France ($X), Spain ($X) and the Netherlands ($X), with a combined X% share of total imports. Belgium, Germany, Slovakia and Austria lagged somewhat behind, together comprising a further X saw the highest growth rate of 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

In 2020, the average caramel import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Slovakia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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