MENA: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in MENA

The MENA's frozen sweet corn market surged to $X in 2021, jumping by 21% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Frozen Sweet Corn Production in MENA

In value terms, frozen sweet corn production declined to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Turkey (X tons), Israel (X tons) and Morocco (X tons), with a combined 100% share of total production.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +79.7%), while production for the other leaders experienced mixed trends in the production figures.

Frozen Sweet Corn Exports

Exports in MENA

In 2021, the amount of frozen sweet corn exported in MENA soared to X tons, rising by 55% on 2020. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 131%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, frozen sweet corn exports skyrocketed to $X in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 117%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the main exporting country with an export of about X tons, which reached 72% of total exports. Morocco (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (5.2%). Iran (X tons), Egypt (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the frozen sweet corn exports, with a CAGR of +48.3% from 2012 to 2021. At the same time, Iran (+33.1%), Morocco (+28.1%), Egypt (+14.8%) and the United Arab Emirates (+14.0%) displayed positive paces of growth. By contrast, Saudi Arabia (-12.1%) illustrated a downward trend over the same period. Turkey (+59 p.p.), Morocco (+3.1 p.p.) and Iran (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Egypt, the United Arab Emirates and Saudi Arabia saw its share reduced by -3.1%, -5.3% and -37.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest frozen sweet corn supplier in MENA, comprising 68% of total exports. The second position in the ranking was held by Morocco ($X), with a 9% share of total exports. It was followed by the United Arab Emirates, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +39.9%. In the other countries, the average annual rates were as follows: Morocco (+26.6% per year) and the United Arab Emirates (+16.4% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price showed a mild curtailment. The pace of growth appeared the most rapid in 2013 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+15.6%), while the other leaders experienced mixed trends in the export price figures.

Frozen Sweet Corn Imports

Imports in MENA

Frozen sweet corn imports surged to X tons in 2021, growing by 17% against the year before. Overall, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen sweet corn imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons), distantly followed by Iran (X tons), the United Arab Emirates (X tons), Israel (X tons), Kuwait (X tons) and Oman (X tons) represented the main importers of frozen sweet corn, together committing 81% of total imports. Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Israel (with a CAGR of +53.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported frozen sweet corn in MENA, comprising 27% of total imports. The second position in the ranking was held by Israel ($X), with a 13% share of total imports. It was followed by Iran, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia amounted to -2.3%. In the other countries, the average annual rates were as follows: Israel (+61.5% per year) and Iran (-1.4% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, picking up by 3.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform