Pakistan: Caramel Market 2022

Caramel Market Size in Pakistan

The Pakistani caramel market contracted to $X in 2020, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Caramel consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Caramel Exports

Exports from Pakistan

For the third consecutive year, Pakistan recorded growth in shipments abroad of caramel, which increased by X% to X tons in 2020. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2008 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.

In value terms, caramel exports skyrocketed to $X in 2020. Over the period under review, exports showed a significant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The U.S. (X tons) was the main destination for caramel exports from Pakistan, with a X% share of total exports. Moreover, caramel exports to the U.S. exceeded the volume sent to the second major destination, Sri Lanka (X tons), eightfold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+X% per year) and Vietnam (+X% per year).

In value terms, the U.S. ($X) emerged as the key foreign market for caramel exports from Pakistan, comprising X% of total exports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

The average caramel export price stood at $X per ton in 2020, increasing by X% against the previous year. In general, export price indicated a moderate increase 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. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Afghanistan ($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 Canada, while the prices for the other major destinations experienced mixed trend patterns.

Caramel Imports

Imports into Pakistan

Caramel imports into Pakistan amounted to X tons in 2020, remaining stable against the previous year's figure. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, caramel imports expanded rapidly to $X in 2020. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest caramel supplier to Pakistan, accounting for a X% share of total imports. Moreover, caramel imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was occupied by Slovakia (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of caramel to Pakistan, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

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

Import Prices by Country

In 2020, the average caramel import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

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

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

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Source: IndexBox Platform

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