MERCOSUR: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in MERCOSUR

For the fourth year in a row, the MERCOSUR frozen sweet corn market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Frozen Sweet Corn Production in MERCOSUR

In value terms, frozen sweet corn production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Peru (X tons) constituted the country with the largest volume of frozen sweet corn production, accounting for X% of total volume. Moreover, frozen sweet corn production in Peru exceeded the figures recorded by the second-largest producer, Brazil (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Peru amounted to X%.

Frozen Sweet Corn Exports

Exports in MERCOSUR

In 2022, approx. X tons of frozen sweet corn were exported in MERCOSUR; growing by X% compared with the previous year's figure. Over the period under review, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen sweet corn exports rose significantly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

Peru dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Chile (X tons), achieving a X% share of total exports. Brazil (X tons) followed a long way behind the leaders.

Exports from Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) illustrated a downward trend over the same period. Peru (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Peru ($X) remains the largest frozen sweet corn supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

In Peru, frozen sweet corn exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Sweet Corn Imports

Imports in MERCOSUR

For the fourth year in a row, MERCOSUR recorded growth in purchases abroad of frozen sweet corn, which increased by X% to X tons in 2022. In general, imports posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, frozen sweet corn imports surged to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Chile (X tons) and Colombia (X tons) dominates imports structure, together creating X% of total imports. The following importers - Brazil (X tons), Argentina (X tons) and Ecuador (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Colombia ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Argentina and Ecuador lagged somewhat behind, together accounting for a further X%.

Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Colombia ($X per ton) and Brazil ($X per ton), while Argentina ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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