World - Caramel - Market Analysis, Forecast, Size, Trends And Insights
Global Caramel Market 2019 - U.S. Exporters to Further Strengthen Their Position
IndexBox has just published a new report: 'World - Caramel - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
The global caramel market revenue amounted to $3.8B in 2018, picking up by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, caramel consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018, with an increase of 12% y-o-y. Global caramel consumption peaked at $4B in 2008; however, from 2009 to 2018, consumption remained at a lower figure.
In 2018, the global production of caramel totaled 3M tonnes, dropping by -1.7% against the previous year. Over the period under review, caramel production continues to indicate a significant downturn.
In 2018, approx. 1.3M tonnes of caramel were exported worldwide; leveling off at the previous year. In general, the total exports indicated a perceptible growth from 2008 to 2018: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the caramel exports decreased by -3.9% against 2016 indices.
In value terms, caramel exports stood at $1.3B (IndexBox estimates) in 2018.
Exports by Country
In 2018, China (325K tonnes), distantly followed by France (184K tonnes), the Netherlands (132K tonnes), the U.S. (93K tonnes), Belgium (90K tonnes) and Germany (64K tonnes) were the main exporters of caramel, together comprising 67% of total exports. Malaysia (56K tonnes), Indonesia (42K tonnes), Thailand (38K tonnes), Slovakia (34K tonnes) and Italy (30K tonnes) followed a long way behind the leaders.
From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Indonesia, while the other global leaders experienced more modest paces of growth.
In value terms, China ($237M), the Netherlands ($158M) and the U.S. ($132M) constituted the countries with the highest levels of exports in 2018, with a combined 39% share of global exports. France, Belgium, Indonesia, Germany, Malaysia, Italy, Thailand and Slovakia lagged somewhat behind, together comprising a further 36%.
Export Prices by Country
The average caramel export price stood at $1,014 per tonne in 2018, increasing by 5.1% against the previous year. Over the period under review, the caramel export price continues to indicate a relatively flat trend pattern.
There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Italy ($1,578 per tonne), while France ($594 per tonne) was amongst the lowest.
From 2008 to 2018, the most notable rate of growth in terms of export prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global caramel market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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