Chile: Caramel Market 2022

Caramel Market Size in Chile

For the fourth year in a row, the Chilean caramel market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Caramel consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Caramel Production in Chile

In value terms, caramel production reduced dramatically to $X in 2020 estimated in export prices. In general, production faced a sharp decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Caramel Exports

Exports from Chile

In 2020, overseas shipments of caramel decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, caramel exports fell remarkably to $X in 2020. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tons), Brazil (X tons) and China (X tons) were the main destinations of caramel exports from Chile, with a combined X% share of total exports. Vietnam, South Korea, Belgium, New Zealand, the Philippines, Thailand and Mexico lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caramel exported from Chile were China ($X), the U.S. ($X) and Brazil ($X), together comprising X% of total exports. These countries were followed by Vietnam, South Korea, Belgium, New Zealand, the Philippines, Thailand and Mexico, which together accounted for a further X terms of the main countries of destination, South Korea (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average caramel export price stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced a decline.

Caramel Imports

Imports into Chile

In 2020, overseas purchases of caramel were finally on the rise to reach X tons after three years of decline. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, caramel imports reached $X in 2020. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Argentina (X tons), France (X tons) and China (X tons) were the main suppliers of caramel imports to Chile, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in France, while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Argentina ($X) and China ($X) appeared to be the largest caramel suppliers to Chile, together accounting for X% of total imports.

China recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, waning by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :