Russian Federation: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in the Russian Federation

The Russian preserved sweet corn market rose markedly to $X in 2022, with an increase of 6.3% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.4% against 2020 indices. Preserved sweet corn consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Preserved Sweet Corn Production in the Russian Federation

In value terms, preserved sweet corn production totaled $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 50%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of sweet corn prepared or preserved in Russia stood at less than X kg per ha in 2022, leveling off at the year before. In general, 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, the preserved sweet corn harvested area in Russia was estimated at less than X ha, remaining relatively unchanged against 2021. Overall, the harvested area saw a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from the Russian Federation

In 2022, shipments abroad of sweet corn prepared or preserved decreased by -14.7% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2013 when exports increased by 49%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, preserved sweet corn exports dropped to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 50%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for preserved sweet corn exports from Russia, with a 59% share of total exports. Moreover, preserved sweet corn exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), fourfold. Ukraine (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+17.5% per year) and Ukraine (-9.9% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for sweet corn prepared or preserved exports from Russia, comprising 59% of total exports. The second position in the ranking was taken by Belarus ($X), with a 17% share of total exports. It was followed by Ukraine, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+15.1% per year) and Ukraine (-12.0% per year).

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1.4% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Azerbaijan ($X per ton), while the average price for exports to Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (-1.6%), while the prices for the other major destinations experienced a decline.

Preserved Sweet Corn Imports

Imports into the Russian Federation

Preserved sweet corn imports into Russia skyrocketed to X tons in 2022, jumping by 35% against the year before. In general, imports, however, recorded a noticeable slump. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, preserved sweet corn imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 28%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Uzbekistan (X tons) and Hungary (X tons) were the main suppliers of preserved sweet corn imports to Russia, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +451.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Uzbekistan ($X) and Hungary ($X) were the largest preserved sweet corn suppliers to Russia, with a combined 77% share of total imports.

Uzbekistan, with a CAGR of +399.8%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average preserved sweet corn import price amounted to $X per ton, reducing by -13.1% against the previous year. Over the period under review, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+13.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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