U.S.: Caramel Market 2022

Caramel Market Size in the U.S.

For the third consecutive year, the U.S. caramel market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. Caramel consumption peaked in 2020 and is expected to retain growth in the near future.

Caramel Production in the U.S.

In value terms, caramel production reduced modestly to $X in 2020. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X, and then shrank modestly in the following year.

Caramel Exports

Exports from the U.S.

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. Over the period under review, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, caramel exports declined to $X in 2020. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2019, and then reduced in the following year.

Exports by Country

Canada (X tons), Mexico (X tons) and Japan (X tons) were the main destinations of caramel exports from the U.S., with a combined X% share of total exports. Uruguay, Australia, the Dominican Republic, Indonesia, Thailand, Saudi Arabia, Chile, Vietnam and South Korea lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic, while exports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Japan ($X) constituted the largest markets for caramel exported from the U.S. worldwide, with a combined X% share of total exports. Australia, Indonesia, Thailand, Saudi Arabia, the Dominican Republic, South Korea, Uruguay, Vietnam and Chile lagged somewhat behind, together comprising a further X the main countries of destination, the Dominican Republic recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average caramel export price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, export price indicated a resilient expansion from 2007 to 2020: its price 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, caramel export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. The export price peaked in 2020 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Japan ($X per ton), while the average price for exports to Uruguay ($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 Japan, while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into the U.S.

In 2020, imports of caramel into the U.S. skyrocketed to X tons, jumping by X% against 2019 figures. Overall, imports continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, caramel imports dropped to $X in 2020. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), Guatemala (X tons) and Indonesia (X tons) were the main suppliers of caramel imports to the U.S., together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Mexico (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average caramel import price stood at $X per ton in 2020, waning by -X% against the previous year. Overall, import price indicated a temperate expansion from 2007 to 2020: its price 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, caramel import price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2008 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 2019, and then fell remarkably 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 Chile ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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