Peru: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in Peru

In 2022, the Peruvian frozen sweet corn market decreased by X% to $X, falling for the third year in a row after three years of growth. In general, consumption saw a deep slump. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Sweet Corn Production in Peru

In value terms, frozen sweet corn production reached $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Frozen sweet corn production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average frozen sweet corn yield in Peru stood at less than X kg per ha, standing approx. at the previous year. Over the period under review, the yield saw 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 frozen sweet corn harvested area in Peru amounted to less than X ha, remaining stable against the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Frozen Sweet Corn Exports

Exports from Peru

Frozen sweet corn exports from Peru expanded markedly to X tons in 2022, with an increase of X% compared with the previous year's figure. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, frozen sweet corn exports expanded notably to $X in 2022. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for frozen sweet corn exports from Peru, with a X% share of total exports. Moreover, frozen sweet corn exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was held by Chile (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Chile (X% per year).

In value terms, the United States ($X) remains the key foreign market for frozen sweet corn exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Chile, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Chile (X% per year).

Export Prices by Country

The average frozen sweet corn export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. 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 the United States ($X per ton), while the average price for exports to Ecuador ($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 Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Sweet Corn Imports

Imports into Peru

In 2022, purchases abroad of frozen sweet corn increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen sweet corn imports skyrocketed to $X in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Mexico (X tons), Belgium (X tons) and China (X tons) were the main suppliers of frozen sweet corn imports to Peru, together accounting for X% of total imports.

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

In value terms, the largest frozen sweet corn suppliers to Peru were Mexico ($X), Belgium ($X) and China ($X), with a combined X% share of total imports.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen sweet corn import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen sweet corn import price increased by X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :