EU: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in the EU

For the fourth year in a row, the EU frozen sweet corn market recorded growth in sales value, which increased by 2.3% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Frozen Sweet Corn Production in the EU

In value terms, frozen sweet corn production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of production in 2021 were Hungary (X tons), Spain (X tons) and France (X tons), with a combined 76% share of total production. These countries were followed by Poland, Latvia and Slovakia, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Slovakia (with a CAGR of +7.8%), while production for the other leaders experienced more modest paces of growth.

Frozen Sweet Corn Exports

Exports in the EU

In 2021, overseas shipments of frozen sweet corn were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 13% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, frozen sweet corn exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) and Spain (X tons) represented roughly 52% of total exports in 2021. France (X tons) ranks next in terms of the total exports with a 14% share, followed by Belgium (13%) and Poland (11%). The Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +13.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen sweet corn supplying countries in the European Union were Hungary ($X), Spain ($X) and Belgium ($X), together accounting for 66% of total exports.

Spain, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by 8.4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 9.4%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the other leaders experienced more modest paces of growth.

Frozen Sweet Corn Imports

Imports in the EU

In 2021, frozen sweet corn imports in the European Union rose to X tons, growing by 3.6% against 2020 figures. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 12%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen sweet corn imports stood at $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) was the largest importer of frozen sweet corn, mixing up 37% of total imports. Germany (X tons) ranks second in terms of the total imports with a 13% share, followed by France (5.9%), Hungary (5.6%), the Netherlands (5.4%), Italy (5.2%) and Spain (4.9%). Ireland (X tons), the Czech Republic (X tons), Sweden (X tons), Finland (X tons), Austria (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

Imports into Belgium increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Hungary (+16.3%), Ireland (+12.8%), Italy (+9.0%), the Netherlands (+5.4%) and Germany (+1.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of +16.3% from 2012-2021. The Czech Republic, Bulgaria and France experienced a relatively flat trend pattern. By contrast, Spain (-1.8%), Austria (-2.5%), Finland (-3.5%) and Sweden (-7.0%) illustrated a downward trend over the same period. Hungary (+3.9 p.p.), Italy (+2.5 p.p.), Ireland (+2.4 p.p.), Belgium (+2.2 p.p.) and the Netherlands (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Spain and Sweden saw its share reduced by -1.6% and -2.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported frozen sweet corn in the European Union, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Ireland, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium amounted to +1.5%. In the other countries, the average annual rates were as follows: Germany (+2.1% per year) and Ireland (+15.1% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 7.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 9.1%. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ireland ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :