Japan: Caramel Market 2022

Caramel Market Size in Japan

The Japanese caramel market shrank modestly to $X in 2020, approximately equating the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Caramel consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Caramel Production in Japan

In value terms, caramel production dropped slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Caramel production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Caramel Exports

Exports from Japan

In 2020, overseas shipments of caramel increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a slight slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, caramel exports reached $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2014 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons), France (X tons) and Indonesia (X tons) were the main destinations of caramel exports from Japan, 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 France (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Thailand ($X) constituted the largest markets for caramel exported from Japan worldwide, with a combined X% share of total exports. These countries were followed by France, the U.S., Taiwan (Chinese), South Korea, Vietnam and India, which together accounted for a further X the main countries of destination, France recorded the highest growth rate of 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, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was 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 reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

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

Caramel Imports

Imports into Japan

In 2020, approx. X tons of caramel were imported into Japan; shrinking by -X% compared with the year before. Over the period under review, total imports indicated a notable expansion from 2007 to 2020: its volume 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, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, caramel imports fell slightly to $X in 2020. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, South Korea (X tons) constituted the largest caramel supplier to Japan, with a X% share of total imports. Moreover, caramel imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was occupied by Thailand (X tons), with a X% share.

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

In value terms, South Korea ($X), China ($X) and the U.S. ($X) constituted the largest caramel suppliers to Japan, with a combined X% share of total imports. Thailand, France, Belgium and Malaysia lagged somewhat behind, together accounting for a further X the main suppliers, Malaysia (+X% per year) 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

The average caramel import price stood at $X per ton in 2020, remaining constant against the previous year. Overall, import price indicated measured 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 import price decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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