The value of frozen sweet corn exported to the UK by India showed significant fluctuations from 2013 to 2023. It peaked early at $3.1M in 2014 but experienced a steep decline by 2020. Although there was an increase in value from 2021 onwards, by 2023, it only reached $1.01M. The year-on-year variation from 2022 to 2023 was 18.89%, reflecting some recovery. The five-year CAGR was relatively modest at 5.4%, showing slower long-term growth.
The forecast from 2024 to 2028 suggests continuous albeit slow growth, with a forecast CAGR of 1.27% and a 5-year growth rate of 6.54%. This long-term trend indicates stabilization in export levels.
Future trends to watch for:
- Potential impacts of global trade policies and tariffs.
- Shifts in consumer demand for frozen sweet corn due to changing dietary preferences.
- Influence of agricultural innovations and production efficiency on export volumes.
- Market competition from other sweet corn exporting nations.
