Northern America: Caramel Market 2022

Caramel Market Size in Northern America

The North American caramel market stood at $X in 2020, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the market reached the peak level in 2020 and is likely to continue growth in the immediate term.

Caramel Production in Northern America

In value terms, caramel production contracted to $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Production By Country in Northern America

The country with the largest volume of caramel production was the U.S. (X tons), comprising approx. X% of total volume. Moreover, caramel production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), more than tenfold.

In the U.S., caramel production decreased by an average annual rate of -X% over the period from 2007-2020.

Caramel Exports

Exports in Northern America

In 2020, shipments abroad of caramel decreased by -X% to X tons, falling for the third year in a row after three years of growth. Overall, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, caramel exports shrank to $X in 2020. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. was the major exporter of caramel in Northern America, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by Canada (X tons), achieving a X% share of total exports.

The U.S. was also the fastest-growing in terms of the caramel exports, with a CAGR of +X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest caramel supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. amounted to +X%.

Export Prices by Country

The caramel export price in Northern America stood at $X per ton in 2020, jumping by X% against the previous year. Export price indicated prominent growth from 2007 to 2020: its price 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, caramel export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X% year-to-year. Over the period under review, export prices reached the peak figure in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the U.S. ($X per ton), while Canada stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Caramel Imports

Imports in Northern America

In 2020, the amount of caramel imported in Northern America expanded sharply to X tons, picking up by X% against the year before. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, caramel imports dropped to $X in 2020. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tons) was the key importer of caramel, mixing up X% of total imports. It was distantly followed by Canada (X tons), constituting a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to caramel imports into the U.S. stood at +X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. Canada (+X p.p.) significantly strengthened its position in terms of the total imports, while the U.S. saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the U.S. ($X) constitutes the largest market for imported caramel in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., caramel imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

The caramel import price in Northern America stood at $X per ton in 2020, which is down 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 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

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Source: IndexBox Platform

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