Asia: Frozen Potato Market 2022

Frozen Potato Market Size in Asia

After five years of growth, the Asian frozen potato market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Frozen Potato Production in Asia

In value terms, frozen potato production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked at $X in 2020, and then contracted modestly in the following year.

Production By Country in Asia

China (X tons) constituted the country with the largest volume of frozen potato production, accounting for X% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was held by Bangladesh (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Bangladesh (-X% per year).

Frozen Potato Exports

Exports in Asia

In 2021, overseas shipments of frozen potatoes increased by X% to X tons, rising for the seventh year in a row after two years of decline. In general, exports showed a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato exports surged to $X in 2021. Overall, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons), distantly followed by China (X tons) and Turkey (X tons) were the main exporters of frozen potatoes, together generating X% of total exports. The following exporters - the United Arab Emirates (X tons), Vietnam (X tons) and Malaysia (X tons) - each reached a X% share of total exports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

India, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2021, the export price in Asia amounted to $X per ton, declining by -X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen potato export price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-X%), while the other leaders experienced a decline in the export price figures.

Frozen Potato Imports

Imports in Asia

Frozen potato imports expanded to X tons in 2021, increasing by X% against the year before. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, frozen potato imports stood at $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) and Saudi Arabia (X tons) were the major importers of frozen potatoes in Asia, together achieving X% of total imports. The Philippines (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%), Malaysia (X%) and Indonesia (X%). The United Arab Emirates (X tons), Taiwan (Chinese) (X tons), China (X tons), Jordan (X tons), Thailand (X tons), Kuwait (X tons) and Singapore (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported frozen potatoes in Asia, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

In Japan, frozen potato imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, growing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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