Spain - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Potato Prices in Spain Reach Historic High of $1,137 per Ton
Spain Frozen Potato Import Price in January 2023
In January 2023, the frozen potato price amounted to $1,137 per ton (CIF, Spain), picking up by 3.1% against the previous month. In general, import price indicated temperate growth from January 2022 to January 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, frozen potato import price increased by +3.1% against December 2022 indices. The growth pace was the most rapid in June 2022 when the average import price increased by 15% m-o-m. Over the period under review, average import prices hit record highs in January 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,387 per ton), while the price for France ($755 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spain Frozen Potato Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In January 2023, the product with the highest price was frozen potatoes prepared or preserved ($1,365 per ton), while the price for frozen boiled potatoes amounted to $765 per ton.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by preserved frozen potato (+3.9%).
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Spain Frozen Potato Imports
After two months of growth, supplies from abroad of frozen potatoes decreased by -6.7% to 29K tons in January 2023. The total import volume increased at an average monthly rate of +2.2% from January 2022 to January 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in March 2022 when imports increased by 62% against the previous month. As a result, imports reached the peak of 38K tons. From April 2022 to January 2023, the growth of imports remained at a lower figure.
In value terms, frozen potato imports reduced to $33M (IndexBox estimates) in January 2023. Overall, total imports indicated a buoyant expansion from January 2022 to January 2023: its value increased at an average monthly rate of +5.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, imports increased by +30.2% against August 2022 indices. The pace of growth appeared the most rapid in March 2022 when imports increased by 57% m-o-m. Over the period under review, imports attained the peak figure at 34K tons in December 2022, and then fell modestly in the following month.
Spain Frozen Potato Imports by Type
Frozen potatoes prepared or preserved (18K tons) and frozen boiled potatoes (11K tons) were the main products of frozen potato imports to Spain.
From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by frozen boiled potatoes (with a CAGR of +2.5%).
In value terms, frozen potatoes prepared or preserved ($24M) constituted the largest type of frozen potato supplied to Spain, comprising 74% of total imports. The second position in the ranking was held by frozen boiled potatoes ($8.4M), with a 26% share of total imports.
Spain Frozen Potato Imports by Country
Belgium (14K tons), France (8.3K tons) and the Netherlands (6.1K tons) were the main suppliers of frozen potato imports to Spain, with a combined 98% share of total imports. These countries were followed by Germany, which accounted for a further 1.7%.
From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +4.4%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Belgium ($17M) constituted the largest supplier of frozen potato to Spain, comprising 53% of total imports. The second position in the ranking was taken by the Netherlands ($8.3M), with a 25% share of total imports. It was followed by France, with a 19% share.
From January 2022 to January 2023, the average monthly growth rate of value from Belgium amounted to +6.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (+4.9% per month) and France (+4.0% per month).
Record High Frozen Potato Prices in Spain Cause Concern for Food Industry
Recent news of the frozen potato price in Spain reaching the record high of $1,428 per ton has raised some alarms among market experts.This has been caused by a combination of factors, including poor weather conditions, a decrease in cultivated land, and decreased imports from other countries.
Farmers in Spain have been hit the hardest by this shortage, as they are struggling to produce enough potatoes to meet increasing demands. As a result, prices for frozen potatoes have risen drastically in recent months, causing concern among food manufacturers and consumers alike.
According to industry experts, the shortage of potatoes is expected to continue throughout the year, and prices are likely to remain high. This will have a significant impact on the frozen food industry, as potatoes are a key ingredient in many frozen food products.
This report provides an in-depth analysis of the frozen potato market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water
- Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
