Asia: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in Asia

In 2022, the Asian frozen sweet corn market was finally on the rise to reach $X after five years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Sweet Corn Production in Asia

In value terms, frozen sweet corn production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

China (X tons) constituted the country with the largest volume of frozen sweet corn production, accounting for X% of total volume. Moreover, frozen sweet corn production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Thailand (X% per year).

Frozen Sweet Corn Exports

Exports in Asia

For the sixth year in a row, Asia recorded growth in overseas shipments of frozen sweet corn, which increased by X% to X tons in 2022. Total exports indicated buoyant growth from 2012 to 2022: its volume 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, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, frozen sweet corn exports skyrocketed to $X in 2022. Total exports indicated a buoyant expansion 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, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by India (X tons), Thailand (X tons), Vietnam (X tons) and the United Arab Emirates (X tons), together generating a X% share of total exports. The following exporters - Malaysia (X tons) and Indonesia (X tons) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen sweet corn exports from China stood at X%. At the same time, the United Arab Emirates (X%), India (X%), Indonesia (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, India and Vietnam increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen sweet corn supplying countries in Asia were China ($X), Thailand ($X) and India ($X), together comprising X% of total exports. Vietnam, the United Arab Emirates, Malaysia and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded 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

The export price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Frozen Sweet Corn Imports

Imports in Asia

Frozen sweet corn imports totaled X tons in 2022, increasing by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, frozen sweet corn imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) was the key importer of frozen sweet corn, creating X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%), China (X%), Turkey (X%) and Iran (X%). Israel (X tons), Kuwait (X tons), Hong Kong SAR (X tons), Taiwan (Chinese) (X tons), Oman (X tons), Malaysia (X tons) and Qatar (X tons) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of imports of frozen sweet corn. At the same time, Israel (X%), Taiwan (Chinese) (X%), Qatar (X%), the United Arab Emirates (X%), Oman (X%), Malaysia (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR and Turkey experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%), Iran (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, Kuwait, the United Arab Emirates and Taiwan (Chinese) increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported frozen sweet corn in Asia, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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