Asia-Pacific: Potato Market 2024

Potato Market Size in Asia-Pacific

The Asia-Pacific potato market fell slightly to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Potato Production in Asia-Pacific

In value terms, potato production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

The countries with the highest volumes of production in 2023 were China (X tons), India (X tons) and Bangladesh (X tons), with a combined X% share of total production. Pakistan and Nepal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Pakistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2023, the average potato yield in Asia-Pacific reduced slightly to X tons per ha, approximately equating the previous year. In general, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2023, the growth of the potato yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of potatoes in Asia-Pacific contracted slightly to X ha, approximately equating 2022. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2022, and then contracted in the following year.

Potato Exports

Exports in Asia-Pacific

In 2023, shipments abroad of potatoes decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a prominent expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, potato exports reduced to $X in 2023. Total exports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Pakistan (X tons) represented the major exporter of potatoes, constituting X% of total exports. India (X tons) took the second position in the ranking, followed by China (X tons). All these countries together held near X% share of total exports. Bangladesh (X tons) and Australia (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Pakistan ($X) and India ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Potato Imports

Imports in Asia-Pacific

In 2023, approx. X tons of potatoes were imported in Asia-Pacific; with a decrease of X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, potato imports shrank to $X in 2023. Total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Nepal (X tons), Malaysia (X tons), Afghanistan (X tons) and Sri Lanka (X tons) represented roughly X% of total imports in 2023. Vietnam (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%). Hong Kong SAR (X tons), Thailand (X tons), Singapore (X tons), Japan (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and the Philippines (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potato importing markets in Asia-Pacific were Malaysia ($X), Nepal ($X) and Afghanistan ($X), with a combined X% share of total imports. Vietnam, Hong Kong SAR, Sri Lanka, Japan, Indonesia, Thailand, Singapore, the Philippines, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform