Indonesia: Caramel Market 2024

Caramel Market Size in Indonesia

The Indonesian caramel market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption recorded a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Caramel Production in Indonesia

In value terms, caramel production fell to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Caramel production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Caramel Exports

Exports from Indonesia

Caramel exports from Indonesia dropped sharply to X tons in 2022, falling by X% compared with 2021 figures. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, caramel exports reduced notably to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for caramel exports from Indonesia, accounting for a X% share of total exports. Moreover, caramel exports to the United States exceeded the volume sent to the second major destination, Malaysia (X tons), sevenfold. The third position in this ranking was held by New Zealand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and New Zealand (X% per year).

In value terms, the United States ($X) remains the key foreign market for caramel exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average caramel export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Indonesia

In 2022, after two years of growth, there was decline in overseas purchases of caramel, when their volume decreased by X% to X tons. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank modestly in the following year.

In value terms, caramel imports rose notably to $X in 2022. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest caramel supplier to Indonesia, with a X% share of total imports. Moreover, caramel imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of caramel to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average caramel import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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