China: Preserved Sweet Corn Market Overview 2021

Preserved Sweet Corn Market Size in China

For the third consecutive year, the Chinese preserved sweet corn market recorded decline in sales value, which decreased by -X% to $X in 2020. In general, consumption faced a sharp slump. The pace of growth was the most pronounced in 2009 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Preserved Sweet Corn Production in China

In value terms, preserved sweet corn production dropped to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Preserved sweet corn production peaked at $X in 2019, and then reduced in the following year.

The average yield of sweet corn prepared or preserved in China totaled X kg per ha in 2020, approximately equating 2019. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of sweet corn prepared or preserved in China totaled X ha, approximately equating the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from China

For the third year in a row, China recorded growth in shipments abroad of sweet corn prepared or preserved, which increased by X% to X tonnes in 2020. Over the period under review, total exports indicated a strong expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to continue growth in the near future.

In value terms, preserved sweet corn exports totaled $X in 2020. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Russia (X tonnes), the U.S. (X tonnes) and Germany (X tonnes) were the main destinations of preserved sweet corn exports from China, together accounting for X% of total exports. These countries were followed by Jordan, Lebanon, Morocco, Nigeria, Kazakhstan, the Dominican Republic, the UK, Japan, Algeria and Iraq, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic, while exports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for preserved sweet corn exports from China, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average preserved sweet corn export price amounted to $X per tonne, leveling off at the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into China

In 2020, approx. X tonnes of sweet corn prepared or preserved were imported into China; increasing by X% against the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, preserved sweet corn imports rose significantly to $X in 2020. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Thailand (X tonnes) was the main preserved sweet corn supplier to China, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Thailand amounted to +X%.

In value terms, Thailand ($X) constituted the largest supplier of preserved sweet corn to China.

From 2007 to 2020, the average annual growth rate of value from Thailand stood at +X%.

Import Prices by Country

In 2020, the average preserved sweet corn import price amounted to $X per tonne, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2007 to 2020, the rate of growth in terms of prices for Thailand amounted to +X% per year.

Source: IndexBox Platform