IndexBox has just published a new report, the EU - Sweet Corn Prepared Or Preserved - Market Analysis, Forecast, Size, Trends, and Insights. Here is a summary of the report's key findings.
The revenue of the preserved sweet corn market in the European Union amounted to $459M in 2017, remaining relatively unchanged 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). The market value increased at an average annual rate of +1.9% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by 28% against the previous year. The level of preserved sweet corn consumption peaked at $505M in 2014; however, from 2015 to 2017, consumption failed to regain its momentum.
Production in the EU
The preserved sweet corn production amounted to 350K tonnes in 2017, growing by 2.5% against the previous year. The total output volume increased at an average annual rate of +2.7% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
Preserved Sweet Corn Exports
Exports in the EU
In 2017, approx. 376K tonnes of sweet corn prepared or preserved were exported in the European Union; jumping by 4.7% against the previous year. The total export volume increased at an average annual rate of +2.1% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.
In value terms, preserved sweet corn exports totaled $474M (IndexBox estimates) in 2017. The preserved sweet corn exports continue to indicate a relatively flat trend pattern. Over the period under review, preserved sweet corn exports reached their peak figure at $582M in 2014; however, from 2015 to 2017, exports failed to regain their momentum.
Exports by Country
Hungary was the largest exporter of sweet corn prepared or preserved in the European Union, with the volume of exports resulting at 187K tonnes, which was near 50% of total exports in 2017. France (105K tonnes) took a 28% share (based on tonnes) of total exports, which put it in second place, followed by Spain (6.4%) and Belgium (5%). The following exporters - the Netherlands (9K tonnes), Germany (7.8K tonnes), Sweden (7.1K tonnes) and Italy (6.2K tonnes) each accounted for an 8% share of total exports.
From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands (+25.4% per year), while the other leaders experienced more modest paces of growth.
In value terms, the largest preserved sweet corn markets worldwide were Hungary ($198M), France ($153M) and Spain ($41M), together accounting for 83% of total exports. These countries were followed by Belgium, the Netherlands, Germany, Italy, and Sweden, which together accounted for a further 14%.
Export Prices by Country
The preserved sweet corn export price in the European Union stood at $1.3 per kg in 2017, approximately reflecting the previous year. The preserved sweet corn export price continues to indicate a mild shrinkage.
There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Spain ($1.7 per kg), while Sweden ($890 per tonne) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Germany (+0.7% per year), while the other leaders experienced mixed trends in the export price figures.
Source: EU - Sweet Corn Prepared Or Preserved - Market Analysis, Forecast, Size, Trends, and Insights