Caramel Market Overview in the United Kingdom
In value terms, caramel production amounted to $19M in 2010 estimated in export prices. In general, caramel production continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2008 when production volume decreased by -4.9% y-o-y. Over the period under review, caramel production reached its peak figure level at $23M in 2007; however, from 2008 to 2010, production stood at a somewhat lower figure.
The revenue of the caramel market in the UK amounted to $28M in 2010, going down by -24.5% 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). Overall, caramel consumption continues to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2008 when the market value increased by 7.5% against the previous year. In that year, the caramel market reached its peak level of $54M. From 2009 to 2010, the growth of the caramel market failed to regain its momentum.