Ethiopia: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Ethiopia

After two years of decline, the Ethiopian preserved sweet corn market increased by 23% to $X in 2022. Overall, consumption recorded strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Preserved Sweet Corn Production in Ethiopia

In value terms, preserved sweet corn production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the immediate term.

In 2022, the average yield of sweet corn prepared or preserved in Ethiopia was estimated at less than X kg per ha, remaining relatively unchanged against the previous year. Overall, the yield showed 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 Ethiopia totaled less than X ha, almost unchanged from the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from Ethiopia

In 2021, approx. X tons of sweet corn prepared or preserved were exported from Ethiopia; leveling off at the previous year's figure. Over the period under review, exports recorded significant growth. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, preserved sweet corn exports amounted to $X in 2021. Overall, exports posted significant growth. The smallest decline of 99.9% was in 2013. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for preserved sweet corn exports from Ethiopia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average preserved sweet corn export price stood at $X per ton in 2021, leveling off at the previous year. In general, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Preserved Sweet Corn Imports

Imports into Ethiopia

After two years of decline, purchases abroad of sweet corn prepared or preserved increased by 3.4% to X tons in 2022. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 481% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, preserved sweet corn imports dropped to $X in 2022. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 430% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of preserved sweet corn to Ethiopia, accounting for a 65% share of total imports. Moreover, preserved sweet corn imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +53.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+11.6% per year) and the United Arab Emirates (+24.5% per year).

In value terms, China ($X) constituted the largest supplier of sweet corn prepared or preserved to Ethiopia, comprising 54% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Thailand, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+31.6% per year) and Thailand (+9.0% per year).

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, reducing by -4.9% against the previous year. In general, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($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 (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform