Spain: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Spain

The Spanish preserved sweet corn market rose significantly to $X in 2022, increasing by 14% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Preserved Sweet Corn Production in Spain

In value terms, preserved sweet corn production soared to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 97% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The average yield of sweet corn prepared or preserved in Spain stood at less than X kg per ha in 2022, therefore, remained relatively stable against the year before. Over the period under review, 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 total area harvested in terms of sweet corn prepared or preserved production in Spain stood at less than X ha, standing approx. at the year before. In general, the harvested area showed a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from Spain

In 2022, overseas shipments of sweet corn prepared or preserved increased by 13% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +126.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, preserved sweet corn exports rose markedly to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 50%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for preserved sweet corn exports from Spain, with a 47% share of total exports. Moreover, preserved sweet corn exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), threefold. Portugal (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+105.6% per year) and Portugal (+13.5% per year).

In value terms, the UK ($X) remains the key foreign market for sweet corn prepared or preserved exports from Spain, comprising 46% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by Portugal, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+110.2% per year) and Portugal (+11.1% per year).

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Greece ($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 Switzerland (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Spain

In 2022, imports of sweet corn prepared or preserved into Spain soared to X tons, increasing by 53% on the year before. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved sweet corn imports soared to $X in 2022. In general, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest preserved sweet corn supplier to Spain, accounting for a 88% share of total imports. Moreover, preserved sweet corn imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.7% per year) and Turkey (+23.2% per year).

In value terms, France ($X) constituted the largest supplier of sweet corn prepared or preserved to Spain, comprising 83% of total imports. The second position in the ranking was held by China ($X), with a 9.5% share of total imports. It was followed by Turkey, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from France totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.1% per year) and Turkey (+63.0% per year).

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, which is down by -24.4% against the previous year. Overall, the import price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 an increase of 31% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Turkey ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+32.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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