Ukraine: Caramel Market 2024

Caramel Market Size in Ukraine

The Ukrainian caramel market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, saw a deep reduction. Caramel consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Caramel Production in Ukraine

In value terms, caramel production fell to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of X%. Caramel production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Caramel Exports

Exports from Ukraine

In 2022, after two years of growth, there was significant decline in shipments abroad of caramel, when their volume decreased by X% to X tons. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, caramel exports totaled $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. 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

The Czech Republic (X tons) was the main destination for caramel exports from Ukraine, with a X% share of total exports. Moreover, caramel exports to the Czech Republic exceeded the volume sent to the second major destination, Bulgaria (X tons), more than tenfold. Egypt (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X.4% per year) and Egypt (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for caramel exports from Ukraine, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X.8% per year) and Costa Rica (X% per year).

Export Prices by Country

The average caramel export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, faced a abrupt slump. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Costa Rica ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Egypt ($X per ton) and the Czech Republic ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Ukraine

In 2022, approx. X tons of caramel were imported into Ukraine; which is down by X% compared with the previous year. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, caramel imports dropped markedly to $X in 2022. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and Finland (X tons) were the main suppliers of caramel imports to Ukraine, with a combined X% share of total imports.

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

In value terms, France ($X), China ($X) and Finland ($X) appeared to be the largest caramel suppliers to Ukraine, together accounting for X% of total imports. Austria, Germany, India, Slovakia, the UK and Italy lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average caramel import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price 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, caramel import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform