United Arab Emirates: Caramel Market 2022

Caramel Market Size in the United Arab Emirates

The caramel market in the United Arab Emirates fell rapidly to $X in 2020, declining by -X% against the previous year. In general, the total consumption indicated a slight increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Caramel consumption peaked at $X in 2019, and then reduced rapidly in the following year.

Caramel Production in the United Arab Emirates

In value terms, caramel production amounted to $X in 2020 estimated in export prices. Overall, the total production indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Caramel production peaked in 2020 and is expected to retain growth in years to come.

Caramel Exports

Exports from the United Arab Emirates

In 2020, the amount of caramel exported from the United Arab Emirates surged to X tons, increasing by X% compared with 2019. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in the immediate term.

In value terms, caramel exports skyrocketed to $X in 2020. In general, exports showed significant growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for caramel exports from the United Arab Emirates, with a X% share of total exports. Moreover, caramel exports to China exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Yemen (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 China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Yemen (+X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for caramel exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Saudi Arabia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Kuwait (+X% per year).

Export Prices by Country

The average caramel export price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the export price, however, continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Kuwait ($X per ton), while the average price for exports to Afghanistan ($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 Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into the United Arab Emirates

Caramel imports into the United Arab Emirates surged to X tons in 2020, picking up by X% against 2019 figures. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the near future.

In value terms, caramel imports amounted to $X in 2020. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in years to come.

Imports by Country

Pakistan (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of caramel imports to the United Arab Emirates, with a combined X% share of total imports. These countries were followed by Germany, France, Indonesia, Bahrain, Turkey, the U.S., Malaysia, India and the Czech Republic, which together accounted for a further X 2007 to 2020, the biggest increases were in the Czech Republic (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and the U.S. ($X) constituted the largest caramel suppliers to the United Arab Emirates, together accounting for X% of total imports. These countries were followed by Pakistan, Indonesia, France, the Czech Republic, Bahrain, China, Malaysia, India and Turkey, which together accounted for a further X Czech Republic (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caramel import price stood at $X per ton in 2020, waning by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, 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 U.S. ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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