Latin America and the Caribbean: Frozen Sweet Corn Market 2025

Frozen Sweet Corn Market Size in Latin America and the Caribbean

The Latin American frozen sweet corn market soared to $X in 2021, rising by 27% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.2% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Sweet Corn Production in Latin America and the Caribbean

In value terms, frozen sweet corn production rose markedly to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 31%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

The country with the largest volume of frozen sweet corn production was Mexico (X tons), accounting for 76% of total volume. Moreover, frozen sweet corn production in Mexico exceeded the figures recorded by the second-largest producer, Peru (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume in Mexico totaled +3.0%.

Frozen Sweet Corn Exports

Exports in Latin America and the Caribbean

Frozen sweet corn exports soared to X tons in 2021, picking up by 24% on 2020 figures. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 29%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, frozen sweet corn exports skyrocketed to $X in 2021. Total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.3% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Peru was the main exporting country with an export of around X tons, which reached 60% of total exports. Mexico (X tons) took the second position in the ranking, distantly followed by Chile (X tons). All these countries together took approx. 31% share of total exports. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to frozen sweet corn exports from Peru stood at +6.4%. At the same time, Brazil (+66.2%) and Mexico (+27.3%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +66.2% from 2012-2021. By contrast, Chile (-21.6%) illustrated a downward trend over the same period. While the share of Peru (+23 p.p.), Mexico (+23 p.p.) and Brazil (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Chile (-45.5 p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest frozen sweet corn supplier in Latin America and the Caribbean, comprising 71% of total exports. The second position in the ranking was taken by Mexico ($X), with a 20% share of total exports. It was followed by Chile, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value in Peru totaled +5.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+26.0% per year) and Chile (-21.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, approximately reflecting the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 10% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+0.0%), while the other leaders experienced a decline in the export price figures.

Frozen Sweet Corn Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in supplies from abroad of frozen sweet corn, which increased by 42% to X tons in 2021. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen sweet corn imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.9% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile represented the major importer of frozen sweet corn in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was approx. 45% of total imports in 2021. Colombia (X tons) ranks second in terms of the total imports with a 26% share, followed by Mexico (16%). The following importers - Jamaica (X tons), Argentina (X tons) and Panama (X tons) - each resulted at a 6.2% share of total imports.

From 2012 to 2021, the biggest increases were in Panama (with a CAGR of +83.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen sweet corn importing markets in Latin America and the Caribbean were Chile ($X), Colombia ($X) and Mexico ($X), together comprising 84% of total imports. These countries were followed by Panama, Jamaica and Argentina, which together accounted for a further 7.7%.

In terms of the main importing countries, Panama, with a CAGR of +94.9%, saw 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

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 6.2% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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