Middle East: Preserved Sweet Corn Market 2023

Preserved Sweet Corn Market Size in the Middle East

The Middle Eastern preserved sweet corn market declined to $X in 2021, which is down by -11.9% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Preserved Sweet Corn Production in the Middle East

In value terms, preserved sweet corn production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by 19%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The country with the largest volume of preserved sweet corn production was Israel (X tons), accounting for 100% of total volume.

In Israel, preserved sweet corn production shrank by an average annual rate of -1.3% over the period from 2012-2021.

Preserved Sweet Corn Exports

Exports in the Middle East

In 2021, approx. X tons of sweet corn prepared or preserved were exported in the Middle East; picking up by 155% compared with the year before. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved sweet corn exports surged to $X in 2021. Over the period under review, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the major exporting country with an export of about X tons, which accounted for 55% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Palestine (X tons), together making up a 40% share of total exports. The following exporters - Kuwait (X tons) and Jordan (X tons) - each reached a 3.8% share of total exports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +39.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sweet corn supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Palestine ($X), with a combined 92% share of total exports.

Turkey, with a CAGR of +30.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The export price in the Middle East stood at $X per ton in 2021, declining by -6.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.9%), while the other leaders experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports in the Middle East

Preserved sweet corn imports contracted to X tons in 2021, which is down by -10.5% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 27%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved sweet corn imports contracted to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 22%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia represented the main importer of sweet corn prepared or preserved in the Middle East, with the volume of imports amounting to X tons, which was approx. 30% of total imports in 2021. Lebanon (X tons) ranks second in terms of the total imports with an 11% share, followed by the United Arab Emirates (9.8%), Turkey (8.4%), Jordan (8%), Iraq (8%), Israel (7.7%) and Kuwait (7%).

Imports into Saudi Arabia increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Iraq (+34.4%), Israel (+7.4%) and Jordan (+2.7%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +34.4% from 2012-2021. Lebanon experienced a relatively flat trend pattern. By contrast, Kuwait (-1.2%), Turkey (-3.4%) and the United Arab Emirates (-6.8%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+9.8 p.p.), Iraq (+7.4 p.p.) and Israel (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-3.5 p.p.) and the United Arab Emirates (-9.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported sweet corn prepared or preserved in the Middle East, comprising 30% of total imports. The second position in the ranking was held by Lebanon ($X), with a 10% share of total imports. It was followed by Turkey, with a 9.2% share.

In Saudi Arabia, preserved sweet corn imports increased at an average annual rate of +3.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Lebanon (-1.3% per year) and Turkey (-3.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 5.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 8.3%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Israel ($X per ton) and Jordan ($X per ton), while Lebanon ($X per ton) and Iraq ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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