CIS: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in CIS

The CIS frozen sweet corn market expanded sharply to $X in 2021, increasing by 6.2% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Frozen Sweet Corn Production in CIS

In value terms, frozen sweet corn production reduced slightly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +59.5% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 26%. The level of production peaked at $X in 2020, and then contracted modestly in the following year.

The country with the largest volume of frozen sweet corn production was Moldova (X tons), comprising approx. 76% of total volume. Moreover, frozen sweet corn production in Moldova exceeded the figures recorded by the second-largest producer, Belarus (X tons), threefold.

In Moldova, frozen sweet corn production shrank by an average annual rate of -4.2% over the period from 2012-2021.

Frozen Sweet Corn Exports

Exports in CIS

In 2021, shipments abroad of frozen sweet corn was finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2013 when exports increased by 54% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, frozen sweet corn exports soared to $X in 2021. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 74% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova was the major exporter of frozen sweet corn in the CIS, with the volume of exports accounting for X tons, which was near 72% of total exports in 2021. It was distantly followed by Belarus (X tons), committing a 25% share of total exports. Russia (X tons) held a relatively small share of total exports.

Exports from Moldova increased at an average annual rate of +10.0% from 2012 to 2021. At the same time, Russia (+41.8%) and Belarus (+26.5%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +41.8% from 2012-2021. Belarus (+16 p.p.) and Russia (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Moldova saw its share reduced by -18.6% from 2012 to 2021, respectively.

In value terms, Moldova ($X) remains the largest frozen sweet corn supplier in the CIS, comprising 69% of total exports. The second position in the ranking was held by Belarus ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Moldova totaled +10.1%. In the other countries, the average annual rates were as follows: Belarus (+37.4% per year) and Russia (+33.8% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2017 an increase of 18% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Frozen Sweet Corn Imports

Imports in CIS

In 2021, approx. X tons of frozen sweet corn were imported in the CIS; with a decrease of -2.1% on the previous year. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 32% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, frozen sweet corn imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was approx. 89% of total imports in 2021. It was distantly followed by Belarus (X tons), generating an 8.3% share of total imports.

Imports into Russia increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Belarus (+64.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +64.3% from 2012-2021. Belarus (+8.1 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -7.3% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported frozen sweet corn in the CIS, comprising 89% of total imports. The second position in the ranking was held by Belarus ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +2.2%.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.7%).

Source: IndexBox Platform

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