Canada: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Canada

In 2022, the Canadian preserved sweet corn market was finally on the rise to reach $X for the first time since 2012, thus ending a nine-year declining trend. Over the period under review, consumption, however, saw a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sweet Corn Production in Canada

In value terms, preserved sweet corn production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt curtailment. The growth pace was the most rapid in 2021 when the production volume increased by 2.8% against the previous year. Preserved sweet corn production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average preserved sweet corn yield in Canada amounted to less than X kg per ha, approximately reflecting the previous year's figure. Over the period under review, the yield recorded 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, the total area harvested in terms of sweet corn prepared or preserved production in Canada stood at less than X ha, remaining constant against 2021. Overall, the harvested area recorded a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from Canada

In 2022, after two years of growth, there was significant decline in overseas shipments of sweet corn prepared or preserved, when their volume decreased by -26% to X tons. In general, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preserved sweet corn exports dropped to $X in 2022. Overall, exports saw a perceptible slump. The growth pace was the most rapid in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved sweet corn exports from Canada, accounting for a 58% share of total exports. Moreover, preserved sweet corn exports to the United States exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (-1.2% per year) and the UK (-8.4% per year).

In value terms, the United States ($X) remains the key foreign market for sweet corn prepared or preserved exports from Canada, comprising 60% of total exports. The second position in the ranking was held by Trinidad and Tobago ($X), with a 27% share of total exports. It was followed by the UK, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+1.6% per year) and the UK (-5.7% per year).

Export Prices by Country

The average preserved sweet corn export price stood at $X per ton in 2022, rising by 26% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and the UK ($X per ton), while the average price for exports to France ($X per ton) and Trinidad and Tobago ($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 the United States (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Canada

In 2022, the amount of sweet corn prepared or preserved imported into Canada rose markedly to X tons, picking up by 9.3% against 2021. In general, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 17%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved sweet corn imports soared to $X in 2022. Overall, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 24%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Thailand (X tons) and Brazil (X tons) were the main suppliers of preserved sweet corn imports to Canada, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +201.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sweet corn suppliers to Canada were the United States ($X), Thailand ($X) and Brazil ($X), together comprising 84% of total imports.

Among the main suppliers, Brazil, with a CAGR of +191.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, rising by 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2021 an increase of 14%. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Brazil ($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 (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :