Latin America and the Caribbean: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Latin America and the Caribbean

The Latin American preserved sweet corn market was estimated at $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Preserved Sweet Corn Production in Latin America and the Caribbean

In value terms, preserved sweet corn production reached $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of preserved sweet corn production was Brazil (X tons), accounting for X% of total volume. Moreover, preserved sweet corn production in Brazil exceeded the figures recorded by the second-largest producer, Peru (X tons), more than tenfold.

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

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Preserved Sweet Corn Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of sweet corn prepared or preserved decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, preserved sweet corn exports skyrocketed to $X in 2022. Total exports indicated a strong 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 2019 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Mexico (X tons), constituting a X% share of total exports. Peru (X tons) held a relatively small share of total exports.

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

In value terms, Brazil ($X) remains the largest preserved sweet corn supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports.

In Brazil, preserved sweet corn exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 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 Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Sweet Corn Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of sweet corn prepared or preserved decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Total imports indicated a measured expansion 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 growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, preserved sweet corn imports expanded significantly to $X in 2022. Total imports indicated a strong increase 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, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Argentina (X tons), Colombia (X tons) and the Dominican Republic (X tons) represented roughly X% of total imports in 2022. Costa Rica (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Paraguay (X%). Uruguay (X tons), Guatemala (X tons), Honduras (X tons), Panama (X tons), Mexico (X tons), Jamaica (X tons), Chile (X tons) and Trinidad and Tobago (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sweet corn importing markets in Latin America and the Caribbean were the Dominican Republic ($X), Argentina ($X) and Colombia ($X), together comprising X% of total imports. Costa Rica, Paraguay, Panama, Guatemala, Uruguay, Honduras, Jamaica, Mexico, Trinidad and Tobago and Chile lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Panama, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 the Dominican Republic ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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