Kazakhstan: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Kazakhstan

In 2022, after two years of growth, there was significant decline in the Kazakh preserved sweet corn market, when its value decreased by -5.7% to $X. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.0% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2021, and then shrank in the following year.

Preserved Sweet Corn Exports

Exports from Kazakhstan

For the third consecutive year, Kazakhstan recorded growth in shipments abroad of sweet corn prepared or preserved, which increased by 32% to X tons in 2022. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 2,024% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, preserved sweet corn exports skyrocketed to $X in 2022. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 2,082% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) was the main destination for preserved sweet corn exports from Kazakhstan, with a 86% share of total exports. Moreover, preserved sweet corn exports to Kyrgyzstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. The third position in this ranking was held by Turkmenistan (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+83.4% per year) and Turkmenistan (+354.6% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for sweet corn prepared or preserved exports from Kazakhstan, comprising 85% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 8% share of total exports. It was followed by Turkmenistan, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kyrgyzstan amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+87.2% per year) and Turkmenistan (+442.4% per year).

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, growing by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2019 when the average export price increased by 36%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Tajikistan ($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 Turkmenistan (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Kazakhstan

After two years of growth, overseas purchases of sweet corn prepared or preserved decreased by -11% to X tons in 2022. In general, imports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, preserved sweet corn imports shrank to $X in 2022. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 59%. Over the period under review, imports attained the maximum at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest preserved sweet corn supplier to Kazakhstan, accounting for a 76% share of total imports. Moreover, preserved sweet corn imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Moldova (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.5% per year) and Moldova (-4.4% per year).

In value terms, Russia ($X) constituted the largest supplier of sweet corn prepared or preserved to Kazakhstan, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Moldova, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.4% per year) and Moldova (-3.8% per year).

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, increasing by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 an increase of 20%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Moldova ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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