New Zealand: Caramel Market 2022

Caramel Market Size in New Zealand

In 2020, after three years of growth, there was significant decline in the New Zealand caramel market, when its value decreased by -X% to $X. Overall, consumption, however, showed significant growth. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then contracted in the following year.

Caramel Exports

Exports from New Zealand

In 2020, shipments abroad of caramel decreased by -X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. from 2015 to 2020, the growth exports remained at a lower figure.

In value terms, caramel exports reduced rapidly to $X in 2020. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for caramel exports from New Zealand, with a X% share of total exports. Moreover, caramel exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), twofold. The third position in this ranking was occupied by New Caledonia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Australia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+X% per year) and New Caledonia (+X% per year).

In value terms, the largest markets for caramel exported from New Zealand were Australia ($X), China ($X) and the U.S. ($X), with a combined X% share of total exports. These countries were followed by Fiji, New Caledonia, Norway, French Polynesia and Malaysia, which together accounted for a further X Polynesia saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average caramel export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Fiji ($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 the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into New Zealand

In 2020, purchases abroad of caramel decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. In general, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Imports peaked at X tons in 2019, and then dropped in the following year.

In value terms, caramel imports reduced to $X in 2020. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2020, Australia (X tons) constituted the largest supplier of caramel to New Zealand, with a X% share of total imports. Moreover, caramel imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Australia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

In value terms, Australia ($X), the Netherlands ($X) and China ($X) constituted the largest caramel suppliers to New Zealand, with a combined X% share of total imports.

Among the main suppliers, the Netherlands (+X% per year) 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

The average caramel import price stood at $X per ton in 2020, almost unchanged from the previous year. Over the period under review, the import price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

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

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

Source: IndexBox Platform

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