Turkey: Preserved Sweet Corn Market 2023

Preserved Sweet Corn Market Size in Turkey

In 2021, the Turkish preserved sweet corn market decreased by -59.4% to $X, falling for the third year in a row after three years of growth. Overall, consumption continues to indicate a abrupt downturn. Preserved sweet corn consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Preserved Sweet Corn Exports

Exports from Turkey

Preserved sweet corn exports from Turkey soared to X tons in 2021, picking up by 311% on 2020 figures. Overall, exports posted significant growth. 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 surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of preserved sweet corn exports from Turkey, together comprising 75% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +9,788,520.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved sweet corn exported from Turkey were Spain ($X), Germany ($X) and the Netherlands ($X), together comprising 74% of total exports.

Spain, with a CAGR of +13,643,400.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved sweet corn export price stood at $X per ton in 2021, which is down by -5% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of 19%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Lebanon ($X per ton), while the average price for exports to Romania ($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 Spain (+39.4%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Sweet Corn Imports

Imports into Turkey

In 2021, after two years of decline, there was significant growth in purchases abroad of sweet corn prepared or preserved, when their volume increased by 15% to X tons. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 19% 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 surged to $X in 2021. In general, imports, however, showed a perceptible descent. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest preserved sweet corn supplier to Turkey, accounting for a 85% share of total imports. Moreover, preserved sweet corn imports from Hungary exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. Poland (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-21.8% per year) and Poland (-16.6% per year).

In value terms, Hungary ($X) constituted the largest supplier of preserved sweet corn to Turkey, comprising 86% of total imports. The second position in the ranking was taken by Thailand ($X), with a 9.7% share of total imports. It was followed by Spain, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Hungary stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-20.9% per year) and Spain (-3.9% per year).

Import Prices by Country

In 2021, the average preserved sweet corn import price amounted to $X per ton, jumping by 16% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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