Spain: Caramel Market 2024

Caramel Market Size in Spain

For the third consecutive year, the Spanish caramel market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, showed a mild contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Caramel Production in Spain

In value terms, caramel production rose significantly to $X in 2022 estimated in export price. Overall, production saw a noticeable descent. The growth pace was the most rapid in 2021 with an increase of X%. Caramel production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Caramel Exports

Exports from Spain

In 2022, shipments abroad of caramel decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, caramel exports reached $X in 2022. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for caramel exports from Spain, accounting for a X% share of total exports. Moreover, caramel exports to France exceeded the volume sent to the second major destination, Portugal (X tons), fivefold. The third position in this ranking was held by Morocco (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Morocco (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the average caramel export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Spain

For the third consecutive year, Spain recorded growth in overseas purchases of caramel, which increased by X% to X tons in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, caramel imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of caramel to Spain, accounting for a X% share of total imports. Moreover, caramel imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate 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 Slovakia (X% per year).

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

From 2012 to 2022, the average annual growth rate 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

The average caramel import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform