Vietnam: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in Vietnam

The Vietnamese frozen sweet corn market fell notably to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption showed a dramatic curtailment. Frozen sweet corn consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Frozen Sweet Corn Production in Vietnam

In value terms, frozen sweet corn production rose to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of frozen sweet corn in Vietnam stood at less than X kg per ha, approximately reflecting 2021 figures. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of frozen sweet corn were harvested in Vietnam; approximately mirroring 2021. Over the period under review, the harvested area saw a relatively flat trend pattern.

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Frozen Sweet Corn Exports

Exports from Vietnam

Frozen sweet corn exports from Vietnam surged to X tons in 2022, growing by X% compared with 2021 figures. Overall, exports recorded prominent growth. 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 attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, frozen sweet corn exports rose sharply to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 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

The United States (X tons), Belgium (X tons) and Taiwan (Chinese) (X tons) were the main destinations of frozen sweet corn exports from Vietnam, with a combined X% share of total exports. South Korea, Japan, Canada, the Netherlands, Australia, Germany, Norway, the UK and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Taiwan (Chinese) ($X) were the largest markets for frozen sweet corn exported from Vietnam worldwide, together comprising X% of total exports. South Korea, Japan, Canada, the Netherlands, Australia, Germany, Norway, the UK and Poland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, South Korea, with a CAGR of X%, 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 2022, the average frozen sweet corn export price amounted to $X per ton, leveling off at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($X per ton) and Australia ($X per ton), while the average price for exports to the UK ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Sweet Corn Imports

Imports into Vietnam

In 2022, the amount of frozen sweet corn imported into Vietnam shrank modestly to X tons, approximately reflecting the previous year. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen sweet corn imports amounted to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Australia (X tons) were the main suppliers of frozen sweet corn imports to Vietnam, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Australia ($X) were the largest frozen sweet corn suppliers to Vietnam, together accounting for X% of total imports.

Australia, with a CAGR of X%, saw 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 mixed trend patterns.

Import Prices by Country

The average frozen sweet corn import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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