Asia-Pacific: Caramel Market Overview 2020

Caramel Market Size in Asia-Pacific

The revenue of the caramel market in Asia-Pacific amounted to $X in 2018, approximately equating the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Over the period under review, the caramel market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Caramel Production in Asia-Pacific

In value terms, caramel production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when production volume increased by X% y-o-y. The level of caramel production peaked at $X in 2016; however, from 2017 to 2018, production failed to regain its momentum.

Production By Country in Asia-Pacific

China (X tonnes) remains the largest caramel producing country in Asia-Pacific, accounting for 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.

From 2007 to 2018, the average annual growth rate of volume in China totaled +X%. 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

The exports stood at X tonnes in 2018, growing by X% against the previous year. Overall, caramel exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The volume of exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, caramel exports totaled $X in 2018. In general, caramel exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The level of exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

China represented the largest exporter of caramel exported in Asia-Pacific, with the volume of exports accounting for X tonnes, which was near X% of total exports in 2018. Malaysia (X tonnes) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%) and Thailand (X%). South Korea (X tonnes) occupied a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to caramel exports from China stood at +X%. At the same time, Indonesia (+X%), Malaysia (+X%), South Korea (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of China, Malaysia, Indonesia, South Korea and Thailand increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2018, the caramel export price in Asia-Pacific amounted to $X per tonne, therefore, remained relatively stable against the previous year. Over the period under review, the caramel export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. Over the period under review, the export prices for caramel reached their peak figure at $X per tonne in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Caramel Imports

Imports in Asia-Pacific

In 2018, the imports of caramel in Asia-Pacific totaled X tonnes, growing by X% against the previous year. The total imports indicated a buoyant increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, caramel imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. The volume of imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, caramel imports amounted to $X in 2018. In general, caramel imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, caramel imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

The countries with the highest levels of caramel imports in 2018 were Indonesia (X tonnes), South Korea (X tonnes), the Philippines (X tonnes), Malaysia (X tonnes), Singapore (X tonnes), Viet Nam (X tonnes) and Thailand (X tonnes), together recording X% of total import. The following importers - China (X tonnes), China, Hong Kong SAR (X tonnes), Australia (X tonnes), New Zealand (X tonnes) and Taiwan, Chinese (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), South Korea ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by the Philippines, Malaysia, China, Thailand, Viet Nam, Australia, China, Hong Kong SAR, New Zealand and Taiwan, Chinese, which together accounted for a further X the main importing countries, Viet Nam recorded the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The caramel import price in Asia-Pacific stood at $X per tonne in 2018, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 when the import price increased by X% y-o-y. The level of import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per tonne), while the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform