Peru: Caramel Market 2022

Caramel Market Size in Peru

The Peruvian caramel market dropped dramatically to $X in 2020, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Caramel Exports

Exports from Peru

In 2020, overseas shipments of caramel decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, caramel exports declined modestly to $X in 2020. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for caramel exports from Peru, with a X% share of total exports. Moreover, caramel exports to Colombia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was occupied by Canada (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Colombia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Canada (+X% per year).

In value terms, the U.S. ($X), Colombia ($X) and Taiwan (Chinese) ($X) constituted the largest markets for caramel exported from Peru worldwide, with a combined X% share of total exports.

Taiwan (Chinese) (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

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

Caramel Imports

Imports into Peru

In 2020, the amount of caramel imported into Peru declined markedly to X tons, reducing by -X% against the previous year's figure. In general, total imports indicated a tangible increase 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 decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, caramel imports contracted rapidly to $X in 2020. Over the period under review, imports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Argentina (X tons) and the U.S. (X tons) were the main suppliers of caramel imports to Peru, with a combined X% share of total imports. These countries were followed by Malaysia and India, which together accounted for a further X 2007 to 2020, the biggest increases were in Malaysia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2019, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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