Romania: Caramel Market 2022

Caramel Market Size in Romania

The Romanian caramel market expanded markedly to $X in 2020, growing 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). Over the period under review, consumption enjoyed a significant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the near future.

Caramel Exports

Exports from Romania

In 2020, overseas shipments of caramel increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a buoyant expansion. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, caramel exports skyrocketed to $X in 2020. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Belgium (X tons), Switzerland (X tons) and Italy (X tons) were the main destinations of caramel exports from Romania, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Belgium (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and Australia ($X) appeared to be the largest markets for caramel exported from Romania worldwide, together accounting for X% of total exports.

Belgium (+X% per year) recorded the highest growth rate of 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, jumping by X% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while the average price for exports to Switzerland ($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 Italy, while the prices for the other major destinations experienced mixed trend patterns.

Caramel Imports

Imports into Romania

In 2020, the amount of caramel imported into Romania totaled X tons, with an increase of X% compared with 2019 figures. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, caramel imports expanded significantly to $X in 2020. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of caramel to Romania, accounting for a X% share of total imports. Moreover, caramel imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Bulgaria (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of caramel to Romania, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Croatia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Croatia (+X% per year).

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Croatia (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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