Tunisia: Caramel Market 2024

Caramel Market Size in Tunisia

In 2022, after three years of decline, there was significant decline in the Tunisian caramel market, when its value decreased by X% to $X. Overall, consumption showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Caramel Production in Tunisia

In value terms, caramel production shrank markedly to $X in 2022 estimated in export price. In general, production faced a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Caramel production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Caramel Exports

Exports from Tunisia

In 2022, after two years of decline, there was significant decline in overseas shipments of caramel, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, caramel exports soared to $X in 2022. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Senegal (X tons), Mali (X tons) and Burkina Faso (X tons) were the main destinations of caramel exports from Tunisia, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Mali ($X) and Burkina Faso ($X) were the largest markets for caramel exported from Tunisia worldwide, together accounting for X% of total exports.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average caramel export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Congo ($X per ton) and Cote d'Ivoire ($X per ton), while the average price for exports to Cameroon ($X per ton) and Libya ($X per ton) were amongst the lowest.

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

Caramel Imports

Imports into Tunisia

In 2022, the amount of caramel imported into Tunisia skyrocketed to X tons, jumping by X% compared with the previous year's figure. Overall, imports posted a tangible increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, caramel imports surged to $X in 2022. In general, imports, however, continue to indicate a slight decline. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of caramel imports to Tunisia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) were the largest caramel suppliers to Tunisia, together comprising X% of total imports. China, Belgium, Thailand, the UK and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, 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

In 2022, the average caramel import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform