Vietnam: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Vietnam

The Vietnamese preserved sweet corn market soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a deep reduction. Preserved sweet corn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Sweet Corn Production in Vietnam

In value terms, preserved sweet corn production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average preserved sweet corn yield in Vietnam was estimated at less than X kg per ha, leveling off at the previous year's figure. 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 sweet corn prepared or preserved were harvested in Vietnam; approximately mirroring 2021. Overall, the harvested area saw a relatively flat trend pattern.

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Preserved Sweet Corn Exports

Exports from Vietnam

In 2022, exports of sweet corn prepared or preserved from Vietnam declined to X tons, dropping by X% against the previous year. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, preserved sweet corn exports fell to $X in 2022. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The United States (X tons), Japan (X tons) and Germany (X tons) were the main destinations of preserved sweet corn exports from Vietnam, with a combined X% share of total exports. Sweden, Australia, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for preserved sweet corn exported from Vietnam were the United States ($X), Japan ($X) and Germany ($X), with a combined X% share of total exports. Sweden, Australia, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Australia, with a CAGR of X%, saw 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 preserved sweet corn export price amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and the United States ($X per ton), while the average price for exports to Australia ($X per ton) and Sweden ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Vietnam

In 2022, preserved sweet corn imports into Vietnam declined dramatically to X tons, with a decrease of X% compared with the year before. In general, imports, however, saw a mild increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell markedly in the following year.

In value terms, preserved sweet corn imports declined significantly to $X in 2022. Overall, imports, however, saw a moderate expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, Thailand (X tons) constituted the largest preserved sweet corn supplier to Vietnam, accounting for a X% share of total imports. Moreover, preserved sweet corn imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, Thailand ($X), China ($X) and the United States ($X) appeared to be the largest preserved sweet corn suppliers to Vietnam.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved sweet corn import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 attained the maximum at $X per ton in 2021, and then reduced in the following year.

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

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

Source: IndexBox Platform

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