ASEAN: Caramel Market 2024

Caramel Market Size in ASEAN

The ASEAN caramel market stood at $X in 2022, with an increase of X% against the previous year. The total consumption indicated resilient growth 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Caramel Production in ASEAN

In value terms, caramel production totaled $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Caramel Exports

Exports in ASEAN

Caramel exports soared to X tons in 2022, with an increase of X% compared with 2021 figures. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, caramel exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Thailand prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), creating a X% share of total exports. Vietnam (X tons) and Indonesia (X tons) took a little share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Vietnam increased by X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest caramel supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Caramel Imports

Imports in ASEAN

For the fifth year in a row, ASEAN recorded growth in purchases abroad of caramel, which increased by X% to X tons in 2022. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, caramel imports skyrocketed to $X in 2022. Total imports indicated a prominent increase 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of caramel imports in 2022 were Indonesia (X tons), the Philippines (X tons), Thailand (X tons), Malaysia (X tons) and Singapore (X tons), together finishing at X% of total import. It was distantly followed by Vietnam (X tons), achieving a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caramel importing markets in ASEAN were Indonesia ($X), Singapore ($X) and the Philippines ($X), together comprising X% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of 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 import price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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