MERCOSUR: Frozen Sweet Corn Market 2025

Frozen Sweet Corn Market Size in MERCOSUR

For the third consecutive year, the MERCOSUR frozen sweet corn market recorded growth in sales value, which increased by 59% to $X in 2021. Over the period under review, consumption continues to indicate a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Sweet Corn Production in MERCOSUR

In value terms, frozen sweet corn production reduced modestly to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.5% against 2013 indices. The pace of growth appeared the most rapid in 2016 with an increase of 21%. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Peru (X tons) remains the largest frozen sweet corn producing country in MERCOSUR, comprising approx. 100% of total volume.

From 2012 to 2021, the average annual rate of growth in terms of volume in Peru stood at +4.9%.

Frozen Sweet Corn Exports

Exports in MERCOSUR

For the fourth year in a row, MERCOSUR recorded growth in shipments abroad of frozen sweet corn, which increased by 9.3% to X tons in 2021. Over the period under review, exports, however, showed a pronounced decline. The growth pace was the most rapid in 2020 when exports increased by 19%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen sweet corn exports soared to $X in 2021. In general, exports, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru dominates exports structure, resulting at X tons, which was near 85% of total exports in 2021. Chile (X tons) ranks second in terms of the total exports with a 7.4% share, followed by Brazil (4.8%).

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%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +66.2% from 2012-2021. By contrast, Chile (-21.6%) illustrated a downward trend over the same period. Peru (+46 p.p.) and Brazil (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -46.1% from 2012 to 2021, respectively.

In value terms, Peru ($X) remains the largest frozen sweet corn supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was held by Chile ($X), with a 5.5% share of total exports.

In Peru, frozen sweet corn exports expanded at an average annual rate of +5.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (-21.6% per year) and Brazil (+26.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, growing by 6.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2017 when the export price increased by 12%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: 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 MERCOSUR

In 2021, approx. X tons of frozen sweet corn were imported in MERCOSUR; jumping by 56% compared with the previous year's figure. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen sweet corn imports skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant increase. As a result, imports attained 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 MERCOSUR, with the volume of imports accounting for X tons, which was near 58% of total imports in 2021. It was distantly followed by Colombia (X tons), creating a 34% share of total imports. The following importers - Argentina (X tons), Brazil (X tons) and Ecuador (X tons) - together made up 6.1% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Argentina (with a CAGR of +70.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Colombia ($X) and Argentina ($X) were the countries with the highest levels of imports in 2021, together comprising 94% of total imports.

In terms of the main importing countries, Argentina, with a CAGR of +66.8%, recorded the highest growth rate of 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 MERCOSUR amounted to $X per ton, with an increase of 7.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Argentina ($X per ton) and Brazil ($X per ton), while Colombia ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+0.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform