Southern Asia: Caramel Market 2022

Caramel Market Size in Southern Asia

In 2020, the South Asian caramel market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Caramel Production in Southern Asia

In value terms, caramel production surged to $X in 2020 estimated in export prices. Overall, production, however, saw a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country in Southern Asia

The country with the largest volume of caramel production was India (X tons), comprising approx. X% of total volume. Moreover, caramel production in India exceeded the figures recorded by the second-largest producer, Afghanistan (X tons), more than tenfold.

In India, caramel production plunged by an average annual rate of -X% over the period from 2007-2020.

Caramel Exports

Exports in Southern Asia

For the tenth consecutive year, Southern Asia recorded growth in overseas shipments of caramel, which increased by X% to X tons in 2020. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, caramel exports soared to $X in 2020. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Exports by Country

India dominates caramel exports structure, finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by Pakistan (X tons) and Sri Lanka (X tons), together generating a X% share of total exports.

India was also the fastest-growing in terms of the caramel exports, with a CAGR of +X% from 2007 to 2020. At the same time, Pakistan (+X%) and Sri Lanka (+X%) displayed positive paces of growth. While the share of India (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Sri Lanka (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest caramel supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in India totaled +X%. In the other countries, the average annual rates were as follows: Sri Lanka (+X% per year) and Pakistan (+X% per year).

Export Prices by Country

In 2020, the caramel export price in Southern Asia 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, export 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 exporting countries. In 2020, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other leaders experienced more modest paces of growth.

Caramel Imports

Imports in Southern Asia

For the fifth year in a row, Southern Asia recorded growth in purchases abroad of caramel, which increased by X% to X tons in 2020. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. The volume of import peaked in 2020 and is expected to retain growth in the near future.

In value terms, caramel imports totaled $X in 2020. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. The level of import peaked in 2020 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2020, Pakistan (X tons), Bangladesh (X tons), Sri Lanka (X tons) and India (X tons) was the largest importer of caramel in Southern Asia, creating X% of total import. It was distantly followed by Nepal (X tons), achieving a X% share of total imports.

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

In value terms, Bangladesh ($X), Pakistan ($X) and Sri Lanka ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

In terms of the main importing countries, Bangladesh recorded the highest rates of growth with regard to 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

In 2020, the caramel import price in Southern Asia amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Bangladesh ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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