Peru: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Peru

In 2022, the Peruvian preserved sweet corn market decreased by -35.4% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption saw a deep downturn. Preserved sweet corn consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Preserved Sweet Corn Production in Peru

In value terms, preserved sweet corn production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 3.8% against the previous year. Preserved sweet corn production peaked at $X in 2012; afterwards, it flattened through to 2022.

The average yield of sweet corn prepared or preserved in Peru stood at less than X kg per ha in 2022, almost unchanged from 2021. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of sweet corn prepared or preserved were harvested in Peru; approximately reflecting 2021. In general, the harvested area recorded a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from Peru

In 2022, overseas shipments of sweet corn prepared or preserved were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 4,620% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved sweet corn exports surged to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 712% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for preserved sweet corn exports from Peru, accounting for a 93% share of total exports. Moreover, preserved sweet corn exports to Ecuador exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at +8.6%.

In value terms, Ecuador ($X) remains the key foreign market for sweet corn prepared or preserved exports from Peru, comprising 82% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador totaled +12.1%.

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, declining by -36.7% against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 373%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Ecuador totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+10.6%).

Preserved Sweet Corn Imports

Imports into Peru

Preserved sweet corn imports into Peru amounted to X tons in 2022, approximately reflecting the previous year. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, preserved sweet corn imports rose slightly to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X tons), the United States (X tons) and China (X tons) were the main suppliers of preserved sweet corn imports to Peru, together comprising 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +46.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sweet corn suppliers to Peru were Thailand ($X), the United States ($X) and China ($X), together accounting for 100% of total imports.

Among the main suppliers, Thailand, with a CAGR of +48.5%, 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 2022, the average preserved sweet corn import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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