Sri Lanka: Frozen Sweet Corn Market 2025

Frozen Sweet Corn Market Size in Sri Lanka

In 2021, the Sri Lankan frozen sweet corn market increased by 111% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Frozen Sweet Corn Exports

Exports from Sri Lanka

In 2021, the amount of frozen sweet corn exported from Sri Lanka shrank significantly to X kg, reducing by -73.8% compared with the previous year's figure. Over the period under review, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by 146%. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, frozen sweet corn exports shrank notably to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 135% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Maldives (X kg) was the main destination for frozen sweet corn exports from Sri Lanka, with a 72% share of total exports. Moreover, frozen sweet corn exports to Maldives exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives totaled +7.7%.

In value terms, Maldives ($X) emerged as the key foreign market for frozen sweet corn exports from Sri Lanka, comprising 89% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives totaled +14.8%.

Export Prices by Country

The average frozen sweet corn export price stood at $X per ton in 2021, increasing by 28% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 76% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Sweet Corn Imports

Imports into Sri Lanka

In 2021, supplies from abroad of frozen sweet corn increased by 55% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 146%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, frozen sweet corn imports skyrocketed to $X in 2021. Overall, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 158%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of frozen sweet corn to Sri Lanka, with a 49% share of total imports. Moreover, frozen sweet corn imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was taken by Singapore (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+42.3% per year) and Singapore (-7.7% per year).

In value terms, China ($X), Thailand ($X) and Singapore ($X) constituted the largest frozen sweet corn suppliers to Sri Lanka, together accounting for 83% of total imports.

Thailand, with a CAGR of +13.9%, recorded the highest rates of growth with regard to 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

The average frozen sweet corn import price stood at $X per ton in 2021, increasing by 25% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen sweet corn import price increased by +6.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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