South-Eastern Asia: Caramel Market 2022

Caramel Market Size in South-Eastern Asia

In 2020, the Southeast Asian caramel market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Caramel Production in South-Eastern Asia

In value terms, caramel production soared to $X in 2020 estimated in export prices. Over the period under review, production recorded a temperate expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Production By Country in South-Eastern Asia

Thailand (X tons) remains the largest caramel producing country in South-Eastern Asia, comprising approx. X% of total volume. Moreover, caramel production in Thailand exceeded the figures recorded by the second-largest producer, Malaysia (X tons), fourfold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

In Thailand, caramel production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Indonesia (-X% per year).

Caramel Exports

Exports in South-Eastern Asia

Caramel exports surged to X tons in 2020, picking up by X% compared with 2019 figures. In general, exports saw a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, caramel exports skyrocketed to $X in 2020. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the near future.

Exports by Country

Thailand was the largest exporting country with an export of about X tons, which resulted at X% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons). All these countries together held near X% share of total exports. Myanmar (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +X% from 2007 to 2020. At the same time, Myanmar (+X%), Indonesia (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. Thailand (+X p.p.), Indonesia (+X p.p.) and Myanmar (+X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Thailand ($X) emerged as the largest caramel supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Thailand, caramel exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The caramel export price in South-Eastern Asia stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Myanmar, while the other leaders experienced mixed trends in the export price figures.

Caramel Imports

Imports in South-Eastern Asia

In 2020, caramel imports in South-Eastern Asia expanded rapidly to X tons, with an increase of X% on the previous year's figure. Overall, imports enjoyed a remarkable increase. 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 expected to retain growth in years to come.

In value terms, caramel imports expanded modestly to $X in 2020. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The level of import peaked in 2020 and is expected to retain growth in years to come.

Imports by Country

Indonesia (X tons), the Philippines (X tons), Thailand (X tons), Malaysia (X tons), Vietnam (X tons) and Singapore (X tons) represented roughly X% of total imports of caramel in 2020.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Philippines ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by Malaysia, Thailand and Vietnam, which together accounted for a further X the main importing countries, Vietnam saw 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 caramel import price in South-Eastern Asia stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2010 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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