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United Kingdom - Caramel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaramel Price in the UK - 2023
Contents:
- Caramel Price in the UK (CIF) - 2023
- Caramel Price in the UK (FOB) - 2022
- Caramel Imports in the UK
- Caramel Exports in the UK
Caramel Price in the UK (CIF) - 2023
In June 2023, the average caramel import price amounted to $2,076 per ton, declining by -2.3% against the previous month. Overall, import price indicated tangible growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, caramel import price decreased by +0.7% against April 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 25% month-to-month. Over the period under review, average import prices attained the peak figure at $2,161 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($3,126 per ton), while the price for India ($735 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Caramel Price in the UK (FOB) - 2022
In 2022, the average caramel export price amounted to $2,087 per ton, approximately equating the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, caramel export price increased by +64.7% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 19%. Over the period under review, the average export prices reached the peak figure at $2,097 per ton in 2021, and then shrank modestly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($7,158 per ton), while the average price for exports to Ireland ($1,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Caramel Imports in the UK
In 2022, the amount of caramel imported into the UK surged to 64K tons, rising by 24% on 2021. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, caramel imports skyrocketed to $87M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Caramel in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 28.5 | 32.8 | 16.0 | 26.8 | -2.0% |
Belgium | 12.0 | 13.1 | 13.0 | 13.7 | 4.5% |
Netherlands | 10.0 | 9.3 | 7.4 | 9.3 | -2.4% |
Spain | N/A | N/A | 6.0 | 6.3 | 5.0% |
Ireland | 3.0 | 2.0 | 4.3 | 4.5 | 14.5% |
Turkey | 2.7 | 2.0 | 3.7 | 4.0 | 14.0% |
Slovakia | 1.2 | 5.1 | 3.5 | 3.7 | 45.5% |
China | 0.9 | 0.7 | 1.2 | 1.3 | 13.0% |
Others | 8.6 | 10.6 | 16.2 | 17.5 | 26.7% |
Total | 67.0 | 75.6 | 71.3 | 87.1 | 9.1% |
Top Suppliers of Caramel to the UK in 2022:
- France (23.0K tons)
- Belgium (11.7K tons)
- Spain (5.2K tons)
- Netherlands (4.8K tons)
- Turkey (4.1K tons)
- Ireland (3.6K tons)
- Slovakia (3.0K tons)
- China (0.9K tons)
Caramel Exports in the UK
In 2022, overseas shipments of caramel were finally on the rise to reach 20K tons after two years of decline. Over the period under review, exports, however, recorded a abrupt shrinkage.
In value terms, caramel exports amounted to $42M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $48M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Caramel in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 4.4 | 14.9 | 7.7 | 7.8 | 21.0% |
Netherlands | 12.2 | 4.5 | 2.4 | 5.5 | -23.3% |
Ireland | 5.9 | 6.1 | 5.1 | 4.9 | -6.0% |
Poland | 1.0 | 2.7 | 4.2 | 3.7 | 54.7% |
Germany | 3.5 | 2.8 | 3.6 | 3.1 | -4.0% |
New Zealand | 0.8 | 1.8 | 1.9 | 1.7 | 28.6% |
France | 1.9 | 1.9 | 1.1 | 1.4 | -9.7% |
Spain | 1.8 | 1.2 | 0.9 | 1.1 | -15.1% |
Belgium | 0.7 | 0.6 | 1.1 | 1.0 | 12.6% |
Hong Kong SAR | 0.5 | 0.7 | 0.9 | 0.8 | 17.0% |
Sweden | 0.6 | 0.6 | 0.8 | 0.7 | 5.3% |
Yemen | 0.4 | 1.1 | 0.8 | 0.7 | 20.5% |
United States | 0.4 | 0.5 | 0.7 | 0.6 | 14.5% |
Others | 8.5 | 8.2 | 10.2 | 8.8 | 1.2% |
Total | 42.6 | 47.5 | 41.6 | 41.8 | -0.6% |
Top Export Markets for Caramel from the UK in 2022:
- Ireland (4.9K tons)
- Netherlands (2.4K tons)
- Poland (1.5K tons)
- Germany (1.4K tons)
- Denmark (1.1K tons)
- France (1.0K tons)
- Spain (0.6K tons)
- Belgium (0.6K tons)
- United States (0.5K tons)
- Sweden (0.5K tons)
- New Zealand (0.5K tons)
- Yemen (0.4K tons)
- Hong Kong SAR (0.3K tons)
This report provides an in-depth analysis of the caramel market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10891910 - Caramel
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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