Mexico - Caramel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaramel Price in Mexico - 2023
Contents:
- Caramel Price in Mexico (CIF) - 2022
- Caramel Price in Mexico (FOB) - 2023
- Caramel Imports in Mexico
- Caramel Exports in Mexico
Caramel Price in Mexico (CIF) - 2022
The average caramel import price stood at $975 per ton in 2022, shrinking by -15.1% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the average import price increased by 12%. As a result, import price attained the peak level of $1,148 per ton, and then fell significantly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($4,379 per ton), while the price for France ($623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Caramel Price in Mexico (FOB) - 2023
The average caramel export price stood at $2,929 per ton in April 2023, which is down by -14% against the previous month. Overall, the export price, however, showed prominent growth. The growth pace was the most rapid in September 2022 an increase of 60% against the previous month. As a result, the export price attained the peak level of $4,069 per ton. From October 2022 to April 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In April 2023, the country with the highest price was the United States ($3,116 per ton), while the average price for exports to Guatemala stood at $2,150 per ton.
From May 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Caramel Imports in Mexico
In 2022, approx. 34K tons of caramel were imported into Mexico; rising by 29% against 2021 figures. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, caramel imports expanded significantly to $33M in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Caramel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.0 | 14.1 | 17.3 | 19.2 | 6.3% |
| China | 3.1 | 3.3 | 5.6 | 6.2 | 26.0% |
| France | 2.7 | 2.4 | 4.1 | 4.5 | 18.6% |
| Netherlands | 2.2 | 2.6 | 2.4 | 2.6 | 5.7% |
| Others | 0.2 | 1.3 | 0.5 | 0.2 | 0.0% |
| Total | 24.1 | 23.6 | 29.9 | 32.8 | 10.8% |
Top Suppliers of Caramel to Mexico in 2022:
- United States (19.9K tons)
- France (7.3K tons)
- China (5.8K tons)
- Netherlands (0.6K tons)
Caramel Exports in Mexico
Caramel exports from Mexico soared to 1.5K tons in 2022, increasing by 117% compared with the previous year's figure. Overall, exports, however, continue to indicate a noticeable curtailment.
In value terms, caramel exports soared to $2.5M in 2022. Over the period under review, exports, however, showed a noticeable contraction.
| Export of Caramel in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 895 | 1,423 | 576 | 1,098 | 7.1% |
| United States | 707 | 1,035 | 300 | 620 | -4.3% |
| Colombia | 774 | 1,040 | 102 | 513 | -12.8% |
| United Arab Emirates | 18.7 | 141 | 93.8 | 179 | 112.3% |
| Costa Rica | 115 | 87.7 | 8.3 | 55.3 | -21.7% |
| El Salvador | 71.4 | 56.7 | 25.5 | 48.7 | -12.0% |
| Others | 141 | 108 | 31.2 | N/A | -53.0% |
| Total | 2,721 | 3,892 | 1,136 | 2,514 | -2.6% |
Top Export Markets for Caramel from Mexico in 2022:
- Spain (688.6 tons)
- Colombia (362.3 tons)
- United States (333.6 tons)
- United Arab Emirates (49.4 tons)
- Costa Rica (36.7 tons)
- El Salvador (30.2 tons)
This report provides an in-depth analysis of the caramel market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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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