
Japan - Sweet Corn Frozen - Market Analysis, Forecast, Size, Trends and Insights
Japan Sees 3% Dip in Frozen Sweet Corn Price: Average of $1,800/Ton
Japan Frozen Sweet Corn Import Price in February 2023
In February 2023, the frozen sweet corn price stood at $1,800 per ton (CIF, Japan), which is down by -2.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 5.8% m-o-m. Over the period under review, average import prices reached the peak figure at $1,853 per ton in January 2023, and then reduced slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was the United States ($2,078 per ton), while the price for China ($1,309 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Hungary (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Import Price of Frozen Sweet Corn in Japan (USD per ton) | |||||||||||||
United States | 1,780 | 1,800 | 1,768 | 1,843 | 1,786 | 1,902 | 1,877 | 1,876 | 1,969 | 1,990 | 2,152 | 2,188 | 2,078 |
New Zealand | 1,706 | 1,677 | 1,668 | 1,766 | 1,884 | 1,704 | 2,019 | 1,707 | 1,844 | 1,730 | 1,765 | 1,781 | 2,073 |
Hungary | 1,419 | 1,343 | 1,319 | 1,318 | 1,251 | 1,288 | 1,234 | 1,328 | 1,388 | 1,614 | 1,687 | 1,795 | 1,762 |
Thailand | 1,396 | 1,382 | 1,370 | 1,432 | 1,380 | 1,443 | 1,515 | 1,459 | 1,454 | 1,542 | 1,547 | 1,532 | 1,481 |
China | 1,248 | 1,252 | 1,236 | 1,296 | 1,324 | 1,469 | 1,276 | 1,343 | 1,330 | 1,332 | 1,323 | 1,398 | 1,309 |
Average | 1,595 | 1,615 | 1,660 | 1,673 | 1,668 | 1,765 | 1,722 | 1,644 | 1,679 | 1,748 | 1,818 | 1,853 | 1,800 |
Japan Frozen Sweet Corn Imports
In February 2023, overseas purchases of frozen sweet corn increased by 8.7% to 3.1K tons for the first time since November 2022, thus ending a two-month declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2022 with an increase of 32% month-to-month.
In value terms, frozen sweet corn imports expanded rapidly to $5.6M (IndexBox estimates) in February 2023. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when imports increased by 35% m-o-m.
Japan Frozen Sweet Corn Imports by Country
the United States (1.5K tons), Thailand (848 tons) and China (319 tons) were the main suppliers of frozen sweet corn imports to Japan, together comprising 88% of total imports.
From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +0.8%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the United States ($3.2M) constituted the largest supplier of frozen sweet corn to Japan, comprising 58% of total imports. The second position in the ranking was taken by Thailand ($1.3M), with a 23% share of total imports. It was followed by Hungary, with an 8.5% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Thailand (+0.9% per month) and Hungary (+0.4% per month).
This report provides an in-depth analysis of the frozen sweet corn market in Japan. 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.
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