Russian Federation: Caramel Market 2022

Caramel Market Size in the Russian Federation

In 2020, the Russian caramel market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a abrupt setback. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Caramel Exports

Exports from the Russian Federation

In 2020, exports of caramel from Russia soared to X tons, with an increase of X% compared with the previous year. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, caramel exports declined to $X in 2020. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Exports peaked at $X in 2019, and then fell in the following year.

Exports by Country

Belarus (X tons) was the main destination for caramel exports from Russia, with a X% share of total exports. Moreover, caramel exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. Egypt (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Belarus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Egypt (X% per year).

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

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

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. The export price peaked at $X per ton in 2009; however, from 2010 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 Ukraine ($X per ton), while the average price for exports to Uzbekistan ($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 Turkmenistan, while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into the Russian Federation

For the third consecutive year, Russia recorded decline in purchases abroad of caramel, which decreased by -X% to X tons in 2020. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, caramel imports totaled $X in 2020. Over the period under review, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

China (X tons), France (X tons) and Italy (X tons) were the main suppliers of caramel imports to Russia, 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 Italy (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and the U.S. ($X) constituted the largest caramel suppliers to Russia, together comprising X% of total imports. Italy, Finland, the UK and Germany lagged somewhat behind, together comprising a further X the main suppliers, Italy (+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, jumping by X% against the previous year. In general, import price indicated a resilient increase from 2007 to 2020: its price 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, caramel import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2020 and is likely to continue growth in the near future.

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. ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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