Sweden: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Sweden

The Swedish preserved sweet corn market fell remarkably to $X in 2022, shrinking by -17.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Preserved Sweet Corn Exports

Exports from Sweden

Preserved sweet corn exports from Sweden surged to X tons in 2022, rising by 206% compared with 2021. Over the period under review, exports, however, saw a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved sweet corn exports skyrocketed to $X in 2022. In general, exports, however, recorded a dramatic setback. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for preserved sweet corn exports from Sweden, with a 86% share of total exports. Moreover, preserved sweet corn exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold. The third position in this ranking was taken by Denmark (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to -20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+16.9% per year) and Denmark (+12.2% per year).

In value terms, Norway ($X) remains the key foreign market for sweet corn prepared or preserved exports from Sweden, comprising 88% of total exports. The second position in the ranking was taken by Finland ($X), with a 5.6% share of total exports. It was followed by Denmark, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to -21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+17.5% per year) and Denmark (+14.3% per year).

Export Prices by Country

The average preserved sweet corn export price stood at $X per ton in 2022, surging by 3.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 57%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($X per ton) and Finland ($X per ton), while the average price for exports to Denmark ($X per ton) and Iceland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Sweden

In 2022, preserved sweet corn imports into Sweden contracted to X tons, declining by -14.5% on 2021 figures. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2014 with an increase of 15%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, preserved sweet corn imports shrank notably to $X in 2022. Over the period under review, imports recorded a slight decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest preserved sweet corn supplier to Sweden, accounting for a 37% share of total imports. Moreover, preserved sweet corn imports from Hungary exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-10.1% per year) and Thailand (-8.1% per year).

In value terms, Hungary ($X), France ($X) and Thailand ($X) constituted the largest preserved sweet corn suppliers to Sweden, with a combined 70% share of total imports. China, Germany, Spain, Denmark, Vietnam and the United States lagged somewhat behind, together comprising a further 24%.

Spain, with a CAGR of +40.4%, 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

In 2022, the average preserved sweet corn import price amounted to $X per ton, waning by -2.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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