CIS: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in CIS

The CIS preserved sweet corn market was estimated at $X in 2022, surging by 6.6% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.5% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Preserved Sweet Corn Production in CIS

In value terms, preserved sweet corn production amounted to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 49%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Russia (X tons) constituted the country with the largest volume of preserved sweet corn production, comprising approx. 98% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Russia totaled +12.2%.

Preserved Sweet Corn Exports

Exports in CIS

In 2022, overseas shipments of sweet corn prepared or preserved decreased by -6.7% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, preserved sweet corn exports dropped modestly to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Russia was the largest exporting country with an export of about X tons, which accounted for 68% of total exports. Moldova (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (12%). The following exporters - Belarus (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons) - together made up 7.3% of total exports.

Exports from Russia increased at an average annual rate of +10.9% from 2012 to 2022. At the same time, Uzbekistan (+397.4%), Kyrgyzstan (+53.9%), Belarus (+28.7%), Kazakhstan (+11.1%) and Moldova (+2.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +397.4% from 2012-2022. While the share of Uzbekistan (+12 p.p.), Belarus (+2.8 p.p.) and Kyrgyzstan (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Moldova (-14.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest preserved sweet corn supplier in the CIS, comprising 63% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 15% share of total exports. It was followed by Moldova, with a 14% share.

In Russia, preserved sweet corn exports expanded at an average annual rate of +7.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+389.5% per year) and Moldova (+2.6% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, growing by 2.9% against the previous year. Overall, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 when the export price increased by 5.4% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Kyrgyzstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Preserved Sweet Corn Imports

Imports in CIS

In 2022, the amount of sweet corn prepared or preserved imported in the CIS soared to X tons, increasing by 18% against 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 22% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sweet corn imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the key importing country with an import of about X tons, which recorded 47% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 21% share, followed by Belarus (14%) and Uzbekistan (7.8%). The following importers - Azerbaijan (X tons), Armenia (X tons) and Tajikistan (X tons) - together made up 8.5% of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved sweet corn imports into Russia stood at -3.4%. At the same time, Uzbekistan (+21.5%), Azerbaijan (+17.5%), Tajikistan (+11.3%), Armenia (+8.1%), Belarus (+4.8%) and Kazakhstan (+4.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +21.5% from 2012-2022. While the share of Uzbekistan (+7.8 p.p.), Kazakhstan (+6.1 p.p.), Belarus (+4.8 p.p.), Azerbaijan (+3 p.p.) and Armenia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-23.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved sweet corn importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Belarus ($X), together comprising 77% of total imports. Uzbekistan, Azerbaijan, Armenia and Tajikistan lagged somewhat behind, together accounting for a further 20%.

In terms of the main importing countries, Uzbekistan, with a CAGR of +32.6%, recorded the highest rates of growth with regard to 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

The import price in the CIS stood at $X per ton in 2022, falling by -2% against the previous year. In general, the import price recorded a mild slump. The pace of growth was the most pronounced in 2021 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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