Middle East: Caramel Market 2022

Caramel Market Size in the Middle East

The Middle Eastern caramel market reduced modestly to $X in 2020, waning by -X% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Caramel Production in the Middle East

In value terms, caramel production amounted to $X in 2020 estimated in export prices. In general, production, however, saw a deep reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country in the Middle East

The countries with the highest volumes of caramel production in 2020 were Turkey (X tons), Iran (X tons) and the United Arab Emirates (X tons), together accounting for X% of total production. These countries were followed by Lebanon and Qatar, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of caramel production, amongst the key producing countries, was attained by Qatar, while caramel production for the other leaders experienced mixed trends in the production figures.

Caramel Exports

Exports in the Middle East

For the fifth year in a row, the Middle East recorded growth in overseas shipments of caramel, which increased by X% to X tons in 2020. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2020 and is likely to see steady growth in the immediate term.

In value terms, caramel exports skyrocketed to $X in 2020. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 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

In 2020, Turkey (X tons) and the United Arab Emirates (X tons) were the largest exporters of caramel in the Middle East, together mixing up X% of total exports. It was distantly followed by Saudi Arabia (X tons), generating an X% share of total exports. Iran (X tons), Bahrain (X tons) and Israel (X tons) followed a long way behind the leaders.

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

In value terms, the largest caramel supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total exports. Iran, Bahrain and Israel lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the caramel export price in the Middle East amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price showed a pronounced decline. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. Over the period under review, export prices reached the peak figure at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Caramel Imports

Imports in the Middle East

In 2020, imports of caramel in the Middle East amounted to X tons, with an increase of X% against 2019 figures. Total imports indicated a prominent expansion from 2007 to 2020: its volume 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, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The volume of import peaked in 2020 and is likely to see gradual growth in the near future.

In value terms, caramel imports rose modestly to $X in 2020. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Saudi Arabia (X tons), distantly followed by Israel (X tons), the United Arab Emirates (X tons), Turkey (X tons) and Oman (X tons) were the largest importers of caramel, together committing X% of total imports. The following importers - Yemen (X tons) and Iraq (X tons) - each recorded an X% share of total imports.

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

In value terms, Saudi Arabia ($X) constitutes the largest market for imported caramel in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Saudi Arabia amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2020, the caramel import price in the Middle East amounted to $X per ton, which is down by -X% against the previous year. Import price indicated a notable expansion 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 import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per ton), while Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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