U.S.: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in the U.S.

The U.S. preserved sweet corn market rose modestly to $X in 2022, surging by 2.6% against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Preserved Sweet Corn Production in the U.S.

In value terms, preserved sweet corn production expanded slightly to $X in 2022. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12% against the previous year. Preserved sweet corn production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average preserved sweet corn yield in the United States stood at less than X kg per ha, almost unchanged from the year before. Over the period under review, the yield recorded 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 the United States totaled less than X ha, therefore, remained relatively stable against the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from the U.S.

In 2022, shipments abroad of sweet corn prepared or preserved was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 4.6% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preserved sweet corn exports rose remarkably to $X in 2022. Overall, exports, however, showed a noticeable curtailment. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for preserved sweet corn exports from the United States, accounting for a 30% share of total exports. Moreover, preserved sweet corn exports to Japan exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+39.8% per year) and South Korea (-8.1% per year).

In value terms, the largest markets for preserved sweet corn exported from the United States were Japan ($X), South Korea ($X) and the Dominican Republic ($X), together accounting for 56% of total exports. Norway, Mexico, Colombia, Saudi Arabia, Costa Rica, Taiwan (Chinese), Honduras, Canada and Guyana lagged somewhat behind, together accounting for a further 35%.

Guyana, with a CAGR of +59.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Colombia ($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 South Korea (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into the U.S.

In 2022, approx. X tons of sweet corn prepared or preserved were imported into the United States; picking up by 24% on 2021 figures. Overall, imports posted strong growth. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, preserved sweet corn imports soared to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 79%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Thailand (X tons), China (X tons) and Brazil (X tons) were the main suppliers of preserved sweet corn imports to the United States, together comprising 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +111.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Canada ($X) were the largest preserved sweet corn suppliers to the United States, together accounting for 91% of total imports. Brazil and Vietnam lagged somewhat behind, together comprising a further 6.6%.

Among the main suppliers, Brazil, with a CAGR of +91.7%, saw 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, dropping by -1.8% against the previous year. In general, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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