Italy: Preserved Sweet Corn Market 2023

Preserved Sweet Corn Market Size in Italy

In 2021, the Italian preserved sweet corn market decreased by -36.9% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Preserved Sweet Corn Exports

Exports from Italy

Preserved sweet corn exports from Italy skyrocketed to X tons in 2021, increasing by 81% against 2020. In general, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved sweet corn exports skyrocketed to $X in 2021. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of preserved sweet corn exports from Italy, with a combined 67% share of total exports. These countries were followed by the United States, France, the Netherlands and Slovenia, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +87.0%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Switzerland ($X) appeared to be the largest markets for preserved sweet corn exported from Italy worldwide, together comprising 62% of total exports. These countries were followed by the United States, France, Slovenia and the Netherlands, which together accounted for a further 19%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +73.9%, 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

In 2021, the average preserved sweet corn export price amounted to $X per ton, dropping by -4.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Sweet Corn Imports

Imports into Italy

In 2021, purchases abroad of sweet corn prepared or preserved decreased by -7.5% to X tons, falling for the third consecutive year after five years of growth. In general, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 6.9% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved sweet corn imports amounted to $X in 2021. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of 18%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Hungary (X tons) and Spain (X tons) were the main suppliers of preserved sweet corn imports to Italy, with a combined 92% share of total imports. These countries were followed by Germany and Serbia, which together accounted for a further 5.3%.

From 2012 to 2021, the biggest increases were in Serbia (with a CAGR of +27.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Hungary ($X) and Spain ($X) appeared to be the largest preserved sweet corn suppliers to Italy, together comprising 91% of total imports. Germany and Serbia lagged somewhat behind, together comprising a further 5.8%.

Serbia, with a CAGR of +24.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved sweet corn import price stood at $X per ton in 2021, picking up by 8.9% against the previous year. Over the period under review, the import price, however, saw a mild decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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