Updated Jan 11, 2023 07:53

Preserved Sweet Corn Market in Southern Asia

Consumption
In , the amount of sweet corn prepared or preserved consumed in Southern Asia dropped to tons, waning by -% on figures. Overall, consumption, however, saw a remarkable increase. Over the period under review, consumption reached the maximum volume at tons in 2019; however, from to , consumption failed to regain momentum.

The revenue of the preserved sweet corn market in Southern Asia stood at $ in , surging by % 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). In general, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market attained the peak level at $ in 2019; however, from to , consumption remained at a lower figure.


Consumption by Country
Pakistan ( tons) remains the largest preserved sweet corn consuming country in Southern Asia, accounting for % of total volume. Moreover, preserved sweet corn consumption in Pakistan exceeded the figures recorded by the second-largest consumer, Bangladesh ( tons), fourfold. India ( tons) ranked third in terms of total consumption with a % share.

From 2007 to , the average annual growth rate of volume in Pakistan amounted to +%. In the other countries, the average annual rates were as follows: Bangladesh (+% per year) and India (+% per year).

In value terms, Pakistan ($) led the market, alone. The second position in the ranking was held by Bangladesh ($). It was followed by India.

From 2007 to , the average annual growth rate of value in Pakistan amounted to +%. In the other countries, the average annual rates were as follows: Bangladesh (+% per year) and India (-% per year).

In , the highest levels of preserved sweet corn per capita consumption was registered in Maldives ( kg per persons), followed by Pakistan ( kg per persons), Sri Lanka ( kg per persons) and Nepal ( kg per persons), while the world average per capita consumption of preserved sweet corn was estimated at kg per persons.

From 2007 to , the average annual growth rate of the preserved sweet corn per capita consumption in Maldives amounted to +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Pakistan (+% per year) and Sri Lanka (+% per year).


Market Forecast
Driven by increasing demand for preserved sweet corn in Southern Asia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .