Vietnam - Caramel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaramel Price in Vietnam - 2021
Contents:
- Caramel Price in Vietnam (CIF) - 2022
- Caramel Price in Vietnam (FOB) - 2022
- Caramel Imports in Vietnam
- Caramel Exports in Vietnam
Caramel Price in Vietnam (CIF) - 2022
In 2022, the average caramel import price amounted to $1,523 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34% against the previous year. The import price peaked at $1,545 per ton in 2021, and then contracted modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($1,545 per ton) and China ($1,545 per ton), while the price for South Korea ($1,456 per ton) and Malaysia ($1,473 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Caramel Price in Vietnam (FOB) - 2022
The average caramel export price stood at $1,705 per ton in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +6.2%. The growth pace was the most rapid in 2013 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs at $1,708 per ton in 2021, and then fell in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,707 per ton), while the average price for exports to the United States amounted to $1,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.3%).
Caramel Imports in Vietnam
In 2022, approx. 26K tons of caramel were imported into Vietnam; falling by -7.2% compared with 2021. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 28K tons, and then declined in the following year.
In value terms, caramel imports shrank to $40M in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $43M, and then declined in the following year.
| Import of Caramel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.6 | 15.7 | 19.2 | 16.9 | 7.5% |
| India | 2.8 | 2.8 | 6.0 | 5.3 | 23.7% |
| Malaysia | 4.0 | 4.0 | 3.8 | 3.4 | -5.3% |
| South Korea | 4.2 | 3.7 | 1.7 | 2.8 | -12.6% |
| United States | 3.3 | 2.9 | 3.1 | 2.7 | -6.5% |
| Chile | 1.3 | 1.5 | 2.8 | 2.4 | 22.7% |
| Indonesia | 1.4 | 1.8 | 1.5 | 1.3 | -2.4% |
| Netherlands | 0.2 | 0.2 | 1.2 | 1.0 | 71.0% |
| Others | 3.5 | 3.4 | 3.9 | 3.6 | 0.9% |
| Total | 34.2 | 35.9 | 43.3 | 39.6 | 5.0% |
Top Suppliers of Caramel to Vietnam in 2022:
- China (10.9K tons)
- India (3.4K tons)
- Malaysia (2.3K tons)
- South Korea (1.9K tons)
- United States (1.8K tons)
- Chile (1.6K tons)
- Indonesia (0.9K tons)
- Netherlands (0.7K tons)
Caramel Exports in Vietnam
In 2022, overseas shipments of caramel decreased by -22.4% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 428%.
In value terms, caramel exports reduced rapidly to $27M in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 456% against the previous year.
| Export of Caramel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 18.3 | 33.1 | 25.4 | 176.6% |
| United States | 1.8 | 0.6 | 1.2 | 1.2 | -12.6% |
| Others | 0.4 | 0.1 | 0.3 | 0.2 | -20.6% |
| Total | 3.4 | 19.0 | 34.6 | 26.8 | 99.0% |
Top Export Markets for Caramel from Vietnam in 2022:
- China (14.9K tons)
- United States (0.7K tons)
This report provides an in-depth analysis of the caramel market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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