Asia-Pacific: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in Asia-Pacific

After four years of decline, the Asia-Pacific frozen sweet corn market increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Frozen Sweet Corn Production in Asia-Pacific

In value terms, frozen sweet corn production reached $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), New Zealand (X tons) and India (X tons), together comprising X% of total production. Thailand, Indonesia, Vietnam and Malaysia lagged somewhat behind, together comprising a further X%.

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

Frozen Sweet Corn Exports

Exports in Asia-Pacific

Frozen sweet corn exports rose rapidly to X tons in 2022, picking up by X% on the previous year's figure. Total exports indicated a strong 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. Based on 2022 figures, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, frozen sweet corn exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the key exporter of frozen sweet corn, achieving X% of total exports. India (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%), Vietnam (X%) and New Zealand (X%). The following exporters - Malaysia (X tons) and Indonesia (X tons) - each finished at a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Indonesia (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Vietnam (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen sweet corn supplying countries in Asia-Pacific were China ($X), Thailand ($X) and India ($X), together comprising X% of total exports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while China ($X per ton) was amongst the lowest.

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

Frozen Sweet Corn Imports

Imports in Asia-Pacific

In 2022, overseas purchases of frozen sweet corn increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen sweet corn imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the key importer of frozen sweet corn in Asia-Pacific, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Australia (X tons) took the second position in the ranking, followed by China (X tons) and Hong Kong SAR (X tons). All these countries together held near X% share of total imports. The following importers - Taiwan (Chinese) (X tons), Malaysia (X tons) and South Korea (X tons) - together made up X% of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of frozen sweet corn. At the same time, Taiwan (Chinese) (X%), South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Australia (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese), Malaysia and South Korea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported frozen sweet corn in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with an X% share of total imports. It was followed by China, with a X% share.

In Japan, frozen sweet corn imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price saw mild growth. As a result, import price attained 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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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