Peru: Frozen Sweet Corn Market 2025

Frozen Sweet Corn Market Size in Peru

In 2021, the Peruvian frozen sweet corn market decreased by -58.8% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a slight descent. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Frozen Sweet Corn Production in Peru

In value terms, frozen sweet corn production shrank modestly to $X in 2021 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. 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 most prominent rate of growth was recorded in 2019 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2020, and then fell slightly in the following year.

Frozen Sweet Corn Exports

Exports from Peru

In 2021, frozen sweet corn exports from Peru expanded notably to X tons, with an increase of 14% against the year before. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 +51.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 33%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, frozen sweet corn exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +52.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 32% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), Spain (X tons) and Chile (X tons) were the main destinations of frozen sweet corn exports from Peru, together accounting for 92% of total exports. These countries were followed by Italy, which accounted for a further 3.9%.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +48.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Chile ($X) appeared to be the largest markets for frozen sweet corn exported from Peru worldwide, with a combined 92% share of total exports. These countries were followed by Italy, which accounted for a further 3.9%.

Italy, with a CAGR of +41.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen sweet corn export price amounted to $X per ton, surging by 4.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were the United States ($X per ton) and Italy ($X per ton), while the average price for exports to Spain ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-0.0%), while the prices for the other major destinations experienced a decline.

Frozen Sweet Corn Imports

Imports into Peru

In 2021, supplies from abroad of frozen sweet corn was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2013 when imports increased by 2,833% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, frozen sweet corn imports surged to $X in 2021. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 2,545% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Belgium (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of frozen sweet corn imports to Peru, with a combined 99.9% share of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +31.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Mexico ($X) constituted the largest frozen sweet corn suppliers to Peru, with a combined 99.9% share of total imports.

Belgium, with a CAGR of +24.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen sweet corn import price amounted to $X per ton, waning by -7.9% against the previous year. In general, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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