Italy: Caramel Market 2024

Caramel Market Size in Italy

In 2022, the Italian caramel market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a slight increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Caramel Production in Italy

In value terms, caramel production plummeted to $X in 2022 estimated in export price. Overall, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Caramel Exports

Exports from Italy

In 2022, overseas shipments of caramel increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, caramel exports surged to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of caramel exports from Italy, with a combined X% share of total exports. Romania, Austria, Algeria, Spain, India, Russia, the Czech Republic, Greece, Slovenia and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caramel exported from Italy were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total exports. India, Algeria, Romania, Spain, Austria, the Czech Republic, Russia, Greece, Thailand and Slovenia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Thailand, with a CAGR of X%, saw 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

In 2022, the average caramel export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price 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, caramel export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Russia ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caramel Imports

Imports into Italy

In 2022, purchases abroad of caramel increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed strong growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, caramel imports surged to $X in 2022. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of caramel to Italy, with a X% share of total imports. Moreover, caramel imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, the largest caramel suppliers to Italy were France ($X), the Netherlands ($X) and Spain ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caramel import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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