Report Update Nov 1, 2024

Republic of Korea - Caramel - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Caramel Market 2022

Caramel Market Size in Republic of Korea

In 2020, after two years of decline, there was significant growth in the South Korean caramel market, when its value increased by X% to $X. Over the period under review, consumption posted tangible growth. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Caramel Exports

Exports from Republic of Korea

In 2020, the amount of caramel exported from South Korea expanded modestly to X tons, picking up by X% against the previous year's figure. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, caramel exports declined to $X in 2020. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for caramel exports from South Korea, with a X% share of total exports. Moreover, caramel exports to Japan exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. The third position in this ranking was occupied by Vietnam (X tons), with a X% share.

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

In value terms, Japan ($X) remains the key foreign market for caramel exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average export prices remained at a lower figure.

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

Caramel Imports

Imports into Republic of Korea

In 2020, purchases abroad of caramel was finally on the rise to reach X tons after three years of decline. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, caramel imports skyrocketed to $X in 2020. In general, imports saw strong growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

In 2020, China (X tons) constituted the largest caramel supplier to South Korea, accounting for a X% share of total imports. It was followed by France (X tons), with a X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of caramel to South Korea, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports.

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

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for caramel in the world?

China constituted the country with the largest volume of caramel consumption, accounting for 31% of total volume. Moreover, caramel consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.6% share.

What are the largest producers of caramel in the world?

The country with the largest volume of caramel production was China, comprising approx. 29% of total volume. Moreover, caramel production in China exceeded the figures recorded by the second-largest producer, Thailand, twofold. India ranked third in terms of total production with a 9.2% share.

What are the leading suppliers of caramel to Republic of Korea?

In value terms, China constituted the largest supplier of caramel to South Korea, comprising 59% of total imports. The second position in the ranking was occupied by France, with a 4.4% share of total imports.

What are the leading importers of caramel from Republic of Korea?

In value terms, Japan remains the key foreign market for caramel exports from South Korea, comprising 49% of total exports. The second position in the ranking was occupied by China, with an 8.9% share of total exports. It was followed by the United States, with a 6.9% share.

What is the average export price for caramel in Republic of Korea?

In 2020, the average caramel export price amounted to $1,328 per ton, with a decrease of -24.7% against the previous year.

What is the average import price for caramel in Republic of Korea?

The average caramel import price stood at $959 per ton in 2020, growing by 29% against the previous year.

This report provides an in-depth analysis of the caramel market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Prodcom 10891910 - Caramel

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023