Thailand, Hungary and France Lead Canned Sweet Corn Exports
IndexBox has just published a new report: ‘World – Sweet Corn Prepared Or Preserved – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported last year.
Preserved Sweet Corn Exports by Country
In 2020, the amount of sweet corn prepared or preserved exported worldwide rose modestly to 799K tonnes, increasing by +3.1% against the previous year. In value terms, exports expanded by +4.1% y-o-y to $1B (IndexBox estimates) in 2020.
Thailand (213K tonnes), Hungary (193K tonnes) and France (130K tonnes) represented roughly 67% of total exports of sweet corn prepared or preserved in 2020. The U.S. (70K tonnes) occupied the next position in the ranking, followed by China (57K tonnes). All these countries together occupied near 16% share of total exports. The following exporters – Spain (25K tonnes) and Belgium (22K tonnes) – each amounted to a 5.8% share of total exports.
In value terms, Hungary ($228M), Thailand ($216M) and France ($193M) were the countries with the highest levels of exports in 2020, together accounting for 61% of global exports. France recorded the highest rates of growth regarding the value of exports.
The average export price stood at $1,307 per tonne in 2020, approximately mirroring the previous year. Prices varied noticeably by the country of origin; the country with the highest price was China ($2,244 per tonne), while Thailand ($1,013 per tonne) was amongst the lowest. In, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.
Major Importers of Preserved Sweet Corn
In 2020, Germany (85K tonnes), the UK (75K tonnes), Japan (59K tonnes) were the largest importers of preserved sweet corn. They were followed by Russia, South Korea, Spain, Belgium, France, the U.S., Italy, Poland and the Philippines. These twelve countries accounted for 60% of the total global import.
In value terms, the largest preserved sweet corn importing markets worldwide were Germany ($117M), the UK ($107M) and Japan ($97M), with a combined 31% share of global imports. Spain, Belgium, South Korea, Russia, France, Italy, Sweden, Poland, the U.S. and the Philippines lagged somewhat behind, together accounting for a further 32%.
Source: IndexBox Platform