United Kingdom: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in the UK

The UK frozen sweet corn market expanded to $X in 2021, surging by 2% 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). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Frozen Sweet Corn Exports

Exports from the UK

Frozen sweet corn exports from the UK shrank sharply to X tons in 2021, reducing by -49% against the previous year. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 66%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen sweet corn exports shrank sharply to $X in 2021. In general, exports showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of 50%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for frozen sweet corn exports from the UK, with a 35% share of total exports. Moreover, frozen sweet corn exports to Ireland exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland amounted to -12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-14.1% per year) and Spain (+11.9% per year).

In value terms, Ireland ($X) remains the key foreign market for frozen sweet corn exports from the UK, comprising 31% of total exports. The second position in the ranking was held by Belgium ($X), with a 14% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Ireland stood at -16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-19.1% per year) and Spain (+3.7% per year).

Export Prices by Country

In 2021, the average frozen sweet corn export price amounted to $X per ton, with an increase of 6.6% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+72.4%), while the prices for the other major destinations experienced a decline.

Frozen Sweet Corn Imports

Imports into the UK

In 2021, approx. X tons of frozen sweet corn were imported into the UK; shrinking by -8.8% against 2020. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen sweet corn imports stood at $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of frozen sweet corn to the UK, with a 48% share of total imports. Moreover, frozen sweet corn imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.6% per year) and France (-1.4% per year).

In value terms, Hungary ($X) constituted the largest supplier of frozen sweet corn to the UK, comprising 47% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by France, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.3% per year) and France (-1.2% per year).

Import Prices by Country

In 2021, the average frozen sweet corn import price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Belgium ($X per ton) and the Netherlands ($X per ton), while the price for France ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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