China - Caramel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaramel Price in China - 2023
Contents:
- Caramel Price in China (FOB) - 2023
- Caramel Price in China (CIF) - 2023
- Caramel Exports in China
- Caramel Imports in China
Caramel Price in China (FOB) - 2023
In June 2023, the average caramel export price amounted to $826 per ton, growing by 4.3% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 5.3% m-o-m. The export price peaked at $907 per ton in September 2022; however, from October 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2,626 per ton), while the average price for exports to the Philippines ($636 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Caramel Price in China (CIF) - 2023
In June 2023, the average caramel import price amounted to $528 per ton, with an increase of 3.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 5.7% m-o-m. The import price peaked in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($680 per ton), while the price for Myanmar ($356 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Caramel Exports in China
Caramel exports from China soared to 536K tons in 2022, surging by 20% on the year before. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, caramel exports surged to $444M in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Caramel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 51.5 | 56.3 | 68.5 | 87.5 | 19.3% |
| Malaysia | 23.7 | 24.7 | 28.8 | 42.0 | 21.0% |
| South Korea | 31.9 | 38.2 | 33.7 | 40.8 | 8.5% |
| Philippines | 31.8 | 30.4 | 34.7 | 37.9 | 6.0% |
| Thailand | 24.3 | 26.4 | 30.3 | 34.0 | 11.8% |
| United States | 29.9 | 25.1 | 25.7 | 32.3 | 2.6% |
| Australia | 8.6 | 11.3 | 14.7 | 18.2 | 28.4% |
| Taiwan (Chinese) | 8.0 | 8.7 | 11.9 | 14.9 | 23.0% |
| Vietnam | 11.5 | 13.3 | 12.4 | 14.9 | 9.0% |
| Hong Kong SAR | 13.4 | 7.6 | 10.1 | 13.3 | -0.2% |
| Singapore | 6.7 | 7.4 | 10.2 | 10.4 | 15.8% |
| Peru | 4.6 | 4.4 | 5.2 | 5.3 | 4.8% |
| Others | 83.9 | 86.0 | 79.1 | 92.9 | 3.5% |
| Total | 330 | 340 | 365 | 444 | 10.4% |
Top Export Markets for Caramel from China in 2022:
- Indonesia (133.1K tons)
- Malaysia (58.3K tons)
- Philippines (57.4K tons)
- South Korea (53.7K tons)
- Thailand (49.9K tons)
- Australia (21.4K tons)
- Vietnam (21.4K tons)
- United States (14.1K tons)
- Hong Kong SAR (13.6K tons)
- Singapore (11.4K tons)
- Taiwan (Chinese) (10.1K tons)
- Peru (8.1K tons)
Caramel Imports in China
In 2022, approx. 1.4M tons of caramel were imported into China; increasing by 107% on the previous year's figure. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 697%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, caramel imports soared to $689M in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 411% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Caramel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 31.0 | 199 | 207 | 547 | 160.3% |
| Vietnam | 0.5 | 106 | 36.2 | 68.4 | 415.3% |
| Malaysia | 24.1 | 41.1 | 19.1 | 26.8 | 3.6% |
| Others | 24.2 | 62.1 | 32.3 | 46.8 | 24.6% |
| Total | 79.8 | 408 | 294 | 689 | 105.2% |
Top Suppliers of Caramel to China in 2022:
- Thailand (1168.9K tons)
- Vietnam (114.8K tons)
- Malaysia (52.6K tons)
This report provides an in-depth analysis of the caramel market in China. 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 2030.
Product coverage:
- Prodcom 10891910 - Caramel
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The February 2023 caramel price was set at $821 per ton (FOB, China), remaining similar to the price of the previous month.
490
Last year, China recorded a sharp rise in caramel imports. The supplies into China grew from $80M in 2019 to $408M in 2020, or from 167K tons to 1.1M tons in physical terms. Thailand, Vietnam and Myanmar remain the largest caramel suppliers, comprising 82% of Chinese imports.These three countries provided most of the increment in Chinese imports in 2020. The average caramel import price dropped by -21% y-o-y to $378 per ton in 2020.
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