CIS: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in CIS

After two years of decline, the CIS frozen sweet corn market increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Frozen Sweet Corn Production in CIS

In value terms, frozen sweet corn production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Moldova (X tons) remains the largest frozen sweet corn producing country in the CIS, comprising approx. X% of total volume. Moreover, frozen sweet corn production in Moldova exceeded the figures recorded by the second-largest producer, Belarus (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume in Moldova was relatively modest. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Uzbekistan (X% per year).

Frozen Sweet Corn Exports

Exports in CIS

Frozen sweet corn exports dropped markedly to X tons in 2022, with a decrease of X% against the previous year's figure. Overall, exports, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, frozen sweet corn exports contracted significantly to $X in 2022. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus was the main exporting country with an export of about X tons, which recorded X% of total exports. Uzbekistan (X tons) took the second position in the ranking, distantly followed by Russia (X tons). All these countries together held near X% share of total exports. Kyrgyzstan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen sweet corn exports from Belarus stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%) and Russia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Belarus (X p.p.), Uzbekistan (X p.p.), Russia (X p.p.) and Kyrgyzstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X), Uzbekistan ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, rising by X% against the previous year. Export price indicated a prominent increase 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, frozen sweet corn export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Frozen Sweet Corn Imports

Imports in CIS

In 2022, supplies from abroad of frozen sweet corn was finally on the rise to reach X tons after two years of decline. Total imports indicated perceptible 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. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen sweet corn imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of frozen sweet corn imports in 2022 were Belarus (X tons) and Russia (X tons), together reaching X% of total import.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%).

In value terms, Russia ($X) and Belarus ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Belarus, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

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