Ukraine: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in Ukraine

The Ukrainian frozen sweet corn market contracted significantly to $X in 2021, which is down by -23.3% against the previous year. In general, consumption, however, recorded a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2020, and then plummeted in the following year.

Frozen Sweet Corn Production in Ukraine

In value terms, frozen sweet corn production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Frozen sweet corn production peaked at $X in 2020, and then fell modestly in the following year.

Frozen Sweet Corn Exports

Exports from Ukraine

In 2021, exports of frozen sweet corn from Ukraine skyrocketed to X tons, picking up by 103% compared with the previous year's figure. Overall, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 243%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen sweet corn exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by 232%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X tons), Hungary (X tons) and Israel (X tons) were the main destinations of frozen sweet corn exports from Ukraine, together accounting for 97% of total exports. Estonia lagged somewhat behind, comprising a further 1.6%.

From 2012 to 2021, the biggest increases were in Estonia (with a CAGR of +39,418.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen sweet corn exported from Ukraine were Belarus ($X), Hungary ($X) and Israel ($X), together accounting for 95% of total exports. Estonia lagged somewhat behind, accounting for a further 1.6%.

Estonia, with a CAGR of +24,160.8%, recorded the highest growth rate of the value of exports, in terms of 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

The average frozen sweet corn export price stood at $X per ton in 2021, dropping by -1.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 14%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Estonia ($X per ton) and Hungary ($X per ton), while the average price for exports to Belarus ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-2.0%), while the prices for the other major destinations experienced a decline.

Frozen Sweet Corn Imports

Imports into Ukraine

In 2021, the amount of frozen sweet corn imported into Ukraine soared to X tons, rising by 147% on 2020. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 427%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, frozen sweet corn imports skyrocketed to $X in 2021. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 208%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Moldova (X tons) constituted the largest supplier of frozen sweet corn to Ukraine, with a 68% share of total imports. Moreover, frozen sweet corn imports from Moldova exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. Vietnam (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Moldova totaled +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.0% per year) and Vietnam (+47.4% per year).

In value terms, Moldova ($X) constituted the largest supplier of frozen sweet corn to Ukraine, comprising 49% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by Vietnam, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Moldova amounted to +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+9.3% per year) and Vietnam (+52.1% per year).

Import Prices by Country

In 2021, the average frozen sweet corn import price amounted to $X per ton, which is down by -6.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 57%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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