United Kingdom: Caramel Market 2022

Caramel Market Size in the UK

The UK caramel market skyrocketed to $X in 2020, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Caramel consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Caramel Production in the UK

In value terms, caramel production dropped modestly to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Caramel production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Caramel Exports

Exports from the UK

In 2020, after three years of growth, there was decline in overseas shipments of caramel, when their volume decreased by -X% to X tons. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Exports peaked at X tons in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, caramel exports expanded sharply to $X in 2020. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Ireland (X tons) was the main destination for caramel exports from the UK, with a X% share of total exports. Moreover, caramel exports to Ireland exceeded the volume sent to the second major destination, Denmark (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 to Ireland totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and the Netherlands (+X% per year).

In value terms, Denmark ($X) emerged as the key foreign market for caramel exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Denmark totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average caramel export price stood at $X per ton in 2020, jumping by X% against the previous year. Overall, export price indicated a buoyant expansion from 2007 to 2020: its price 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, caramel export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per ton), while the average price for exports to Costa Rica ($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 more modest paces of growth.

Caramel Imports

Imports into the UK

Caramel imports into the UK rose sharply to X tons in 2020, growing by X% compared with 2019 figures. Over the period under review, imports recorded slight growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, caramel imports rose rapidly to $X in 2020. Overall, imports posted temperate growth. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, France (X tons) constituted the largest caramel supplier to the UK, with a X% share of total imports. Moreover, caramel imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, 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 the Netherlands (-X% per year).

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

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

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($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 Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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