Asia: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Asia

In 2021, the Asian preserved frozen potato market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Preserved Frozen Potato Production in Asia

In value terms, preserved frozen potato production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 34%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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Preserved Frozen Potato Exports

Exports in Asia

In 2021, preserved frozen potato exports in Asia surged to X tons, rising by 32% on the previous year. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 124%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, preserved frozen potato exports surged to $X in 2021. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 52% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, India (X tons), Turkey (X tons) and China (X tons) was the major exporter of frozen potatoes prepared or preserved in Asia, committing 85% of total export. It was distantly followed by the United Arab Emirates (X tons), comprising a 5% share of total exports. The following exporters - Vietnam (X tons) and Iran (X tons) - each accounted for a 5.7% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +48.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2021, with a combined 81% share of total exports.

India, with a CAGR of +41.1%, recorded the highest growth rate of 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

The export price in Asia stood at $X per ton in 2021, which is down by -7.4% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2018 when the export price increased by 8.2% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Iran ($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 (+1.4%), while the other leaders experienced a decline in the export price figures.

Preserved Frozen Potato Imports

Imports in Asia

In 2021, preserved frozen potato imports in Asia rose markedly to X tons, growing by 14% on the previous year's figure. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato imports reached $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 12% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons) and Saudi Arabia (X tons) represented roughly 35% of total imports in 2021. The Philippines (X tons) held the next position in the ranking, followed by South Korea (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons) and Kuwait (X tons). All these countries together took near 29% share of total imports. Indonesia (X tons), the United Arab Emirates (X tons), China (X tons), Thailand (X tons), Jordan (X tons) and Singapore (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +16.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Saudi Arabia ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. These countries were followed by the Philippines, Taiwan (Chinese), Malaysia, Indonesia, China, Kuwait, the United Arab Emirates, Thailand, Singapore and Jordan, which together accounted for a further 41%.

Indonesia, with a CAGR of +15.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, which is down by -2.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 5.2%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: 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 Philippines (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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