India: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in India

The Indian preserved sweet corn market dropped rapidly to $X in 2022, with a decrease of -19% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Preserved Sweet Corn Production in India

In value terms, preserved sweet corn production stood at less than $X in 2022 estimated in export price. Over the period under review, production saw a sharp decline. The pace of growth appeared the most rapid in 2017 with a decrease of -8.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

In 2022, the average preserved sweet corn yield in India was estimated at less than X kg per ha, remaining constant against the year before. Over the period under review, the yield continues to indicate 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 harvested area of sweet corn prepared or preserved in India stood at less than X ha, therefore, remained relatively stable against 2021 figures. In general, the harvested area showed a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from India

In 2022, overseas shipments of sweet corn prepared or preserved decreased by -6.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 875%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, preserved sweet corn exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 423% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Germany (X tons) and Latvia (X tons) were the main destinations of preserved sweet corn exports from India, with a combined 67% share of total exports. Russia, the United Arab Emirates, Turkey, Sweden and Algeria lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +1,071.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Latvia ($X) appeared to be the largest markets for preserved sweet corn exported from India worldwide, together comprising 62% of total exports. Turkey, Russia, the United Arab Emirates, Sweden and Algeria lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Turkey, with a CAGR of +1,232.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, increasing by 7.6% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 10%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.7%), while the prices for the other major destinations experienced a decline.

Preserved Sweet Corn Imports

Imports into India

In 2022, purchases abroad of sweet corn prepared or preserved was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 246%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sweet corn imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.6% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 95%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Thailand (X tons) was the main supplier of preserved sweet corn to India, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +15.9%.

In value terms, Thailand ($X) constituted the largest supplier of sweet corn prepared or preserved to India.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +8.1%.

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, surging by 8.5% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +1.3% per year.

Source: IndexBox Platform

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