Spain: Caramel Market 2022

Caramel Market Size in Spain

The Spanish caramel market totaled $X in 2020, increasing by X% against the previous year. Overall, consumption, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Caramel Production in Spain

In value terms, caramel production contracted to $X in 2020 estimated in export prices. Overall, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Caramel Exports

Exports from Spain

For the third consecutive year, Spain recorded growth in shipments abroad of caramel, which increased by X% to X tons in 2020. In general, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at X tons in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, caramel exports skyrocketed to $X in 2020. Overall, exports recorded a temperate increase. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for caramel exports from Spain, with a X% share of total exports. Moreover, caramel exports to France exceeded the volume sent to the second major destination, Bulgaria (X tons), fourfold. Portugal (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 France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Portugal (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+X% per year) and Bulgaria (+X% per year).

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Denmark ($X per ton), while the average price for exports to Bulgaria ($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 Denmark, while the prices for the other major destinations experienced a decline.

Caramel Imports

Imports into Spain

Caramel imports into Spain skyrocketed to X tons in 2020, jumping by X% against the year before. Overall, total imports indicated a measured increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, caramel imports rose markedly to $X in 2020. In general, total imports indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, France (X tons) constituted the largest caramel supplier to Spain, with a X% share of total imports. Moreover, caramel imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, declining by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices remained at a lower figure.

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