Asia-Pacific: Caramel Market Overview 2020

Caramel Market Size in Asia-Pacific

In 2019, the Asia-Pacific caramel market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. The level of consumption peaked in 2019 and is likely to see gradual growth in years to come.

Caramel Production in Asia-Pacific

In value terms, caramel production rose slightly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. The level of production peaked in 2019 and is likely to see gradual growth in years to come.

Production By Country in Asia-Pacific

China (X tonnes) constituted the country with the largest volume of caramel production, comprising approx. X% of total volume. Moreover, caramel production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), fourfold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

In China, caramel production expanded at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Japan (-X% per year).

Caramel Exports

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in overseas shipments of caramel, which increased by X% to X tonnes in 2019. In general, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The volume of export peaked in 2019 and is likely to see gradual growth in years to come.

In value terms, caramel exports stood at $X in 2019. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. The level of export peaked in 2019 and is expected to retain growth in years to come.

Exports by Country

China prevails in caramel exports structure, reaching X tonnes, which was approx. X% of total exports in 2019. Malaysia (X tonnes) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). The following exporters - Indonesia (X tonnes), South Korea (X tonnes), Australia (X tonnes) and India (X tonnes) - together made up X% of total exports.

From 2007 to 2019, average annual rates of growth with regard to caramel exports from China stood at +X%. At the same time, India (+X%), Australia (+X%), Indonesia (+X%), Malaysia (+X%), South Korea (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2019. While the share of China (+X p.p.), Malaysia (+X p.p.), Indonesia (+X p.p.), Thailand (+X p.p.), South Korea (+X p.p.), Australia (+X p.p.) and India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest caramel supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2019, the caramel export price in Asia-Pacific amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Caramel Imports

Imports in Asia-Pacific

In 2019, overseas purchases of caramel decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Total imports indicated buoyant growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2018, and then reduced slightly in the following year.

In value terms, caramel imports expanded sharply to $X in 2019. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. The level of import peaked in 2019 and is likely to see gradual growth in the near future.

Imports by Country

In 2019, the Philippines (X tonnes), South Korea (X tonnes), Malaysia (X tonnes), Indonesia (X tonnes), Singapore (X tonnes) and Thailand (X tonnes) represented the key importer of caramel in Asia-Pacific, creating X% of total import. Viet Nam (X tonnes) held the next position in the ranking, followed by China (X tonnes). All these countries together held approx. X% share of total imports. China, Hong Kong SAR (X tonnes) held a little share of total imports.

From 2007 to 2019, the biggest increases were in the Philippines, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caramel importing markets in Asia-Pacific were Indonesia ($X), South Korea ($X) and the Philippines ($X), with a combined X% share of total imports. These countries were followed by Singapore, Malaysia, China, Viet Nam, Thailand and China, Hong Kong SAR, which together accounted for a further X the main importing countries, Viet Nam recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the caramel import price in Asia-Pacific amounted to $X per tonne, surging by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for caramel in Asia-Pacific?

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The country with the largest volume of caramel consumption was China (762K tonnes), comprising approx. 43% of total volume. Moreover, caramel consumption in China exceeded the figures recorded by the second-largest consumer, India (307K tonnes), twofold. The third position in this ranking was occupied by Japan (142K tonnes), with a 8% share.

What are the largest producers of caramel in Asia-Pacific?

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The country with the largest volume of caramel production was China (1.3M tonnes), accounting for 63% of total volume. Moreover, caramel production in China exceeded the figures recorded by the second-largest producer, India (316K tonnes), fourfold. Japan (141K tonnes) ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of caramel in Asia-Pacific?

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In value terms, China ($360M) remains the largest caramel supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was occupied by Malaysia ($56M), with a 8.6% share of total exports. It was followed by Indonesia, with a 8.3% share.

What are the leading importers of caramel in Asia-Pacific?

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In value terms, Indonesia ($71M), South Korea ($71M) and the Philippines ($54M) appeared to be the countries with the highest levels of imports in 2019, with a combined 39% share of total imports. Singapore, Malaysia, China, Viet Nam, Thailand and China, Hong Kong SAR lagged somewhat behind, together accounting for a further 42%.

What is the average export price for caramel in Asia-Pacific?

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In 2019, the caramel export price in Asia-Pacific amounted to $856 per tonne, shrinking by -2.2% against the previous year.

What is the average import price for caramel in Asia-Pacific?

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The caramel import price in Asia-Pacific stood at $1,037 per tonne in 2019, growing by 16% against the previous year.