Kenya: Caramel Market 2022

Caramel Market Size in Kenya

The Kenyan caramel market shrank modestly to $X in 2020, waning by -X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Caramel Production in Kenya

In value terms, caramel production contracted to $X in 2020 estimated in export prices. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

Caramel Exports

Exports from Kenya

In 2020, overseas shipments of caramel increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a mild contraction. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, caramel exports surged to $X in 2020. Overall, exports, however, showed a measured increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tanzania (X tons) was the main destination for caramel exports from Kenya, accounting for a X% share of total exports. Moreover, caramel exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X tons), eightfold. The third position in this ranking was occupied by Democratic Republic of the Congo (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Tanzania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-X% per year) and Democratic Republic of the Congo (+X% per year).

In value terms, Tanzania ($X) remains the key foreign market for caramel exports from Kenya, comprising X% of total exports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Tanzania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, increasing by X% against the previous year. In general, 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 2018 indices. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

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

Caramel Imports

Imports into Kenya

In 2020, approx. X tons of caramel were imported into Kenya; dropping by -X% compared with 2019 figures. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Imports peaked at X tons in 2019, and then contracted in the following year.

In value terms, caramel imports shrank significantly to $X in 2020. In general, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2019, and then declined significantly in the following year.

Imports by Country

China (X tons), France (X tons) and the UK (X tons) were the main suppliers of caramel imports to Kenya, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Swaziland ($X) were the largest caramel suppliers to Kenya, together comprising X% of total imports. China and Turkey lagged somewhat behind, together accounting for a further X the main suppliers, Turkey (+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, waning by -X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Swaziland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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