Eastern Europe: Caramel Market 2022

Caramel Market Size in Eastern Europe

In 2020, the East European caramel market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Caramel Production in Eastern Europe

In value terms, caramel production rose to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Production By Country in Eastern Europe

The country with the largest volume of caramel production was Slovakia (X tons), comprising approx. X% of total volume. Moreover, caramel production in Slovakia exceeded the figures recorded by the second-largest producer, the Czech Republic (X tons), threefold. Ukraine (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Slovakia stood at +X%. In the other countries, the average annual rates were as follows: the Czech Republic (+X% per year) and Ukraine (-X% per year).

Caramel Exports

Exports in Eastern Europe

In 2020, exports of caramel in Eastern Europe soared to X tons, increasing by X% on 2019. Total exports indicated moderate growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, caramel exports soared to $X in 2020. Total exports indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Exports by Country

In 2020, Slovakia (X tons) was the key exporter of caramel, committing X% of total exports. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%). Lithuania (X tons), Latvia (X tons) and Russia (X tons) occupied a little share of total exports.

Exports from Slovakia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Russia (+X%), Latvia (+X%), the Czech Republic (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +X% from 2007-2020. By contrast, Lithuania (-X%) illustrated a downward trend over the same period. Slovakia (+X p.p.), the Czech Republic (+X p.p.), Latvia (+X p.p.), Poland (+X p.p.) and Russia (+X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Slovakia ($X) remains the largest caramel supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

In Slovakia, caramel exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+X% per year) and the Czech Republic (+X% per year).

Export Prices by Country

In 2020, the caramel export price in Eastern Europe amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The level of export peaked at $X per ton in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other leaders experienced mixed trends in the export price figures.

Caramel Imports

Imports in Eastern Europe

In 2020, the amount of caramel imported in Eastern Europe amounted to X tons, picking up by X% against the year before. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, caramel imports rose significantly to $X in 2020. Overall, imports enjoyed notable growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The level of import peaked in 2020 and is likely to see gradual growth in the near future.

Imports by Country

In 2020, Poland (X tons) represented the key importer of caramel, mixing up X% of total imports. Russia (X tons) occupied an X% share (based on tons) of total imports, which put it in second place, followed by the Czech Republic (X%), Hungary (X%), Slovakia (X%) and Latvia (X%). Romania (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to caramel imports into Poland stood at +X%. At the same time, Romania (+X%), Slovakia (+X%), Hungary (+X%), Latvia (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +X% from 2007-2020. By contrast, Russia (-X%) illustrated a downward trend over the same period. While the share of Poland (+X p.p.), Slovakia (+X p.p.), Hungary (+X p.p.), Romania (+X p.p.) and the Czech Republic (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Russia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of total imports. Hungary, Slovakia, Romania and Latvia lagged somewhat behind, together accounting for a further X terms of the main importing countries, Romania recorded the highest growth rate of 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

The caramel import price in Eastern Europe stood at $X per ton in 2020, picking up by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hungary ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform

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