Asia: Potato Chips Market 2024

Potato Chips Market Size in Asia

The Asian potato chips market shrank slightly to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Potato Chips Production in Asia

In value terms, potato chips production dropped modestly to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Potato Chips Exports

Exports in Asia

In 2022, shipments abroad of potato chips increased by X% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, potato chips exports expanded rapidly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Iran (X tons) and China (X tons) represented the key exporters of potato chips in Asia, together accounting for approx. X% of total exports. Turkey (X tons) took the next position in the ranking, followed by Malaysia (X tons), the United Arab Emirates (X tons), Thailand (X tons), Pakistan (X tons) and Jordan (X tons). All these countries together held approx. X% share of total exports. The following exporters - Saudi Arabia (X tons), the Philippines (X tons), Japan (X tons), Lebanon (X tons) and Hong Kong SAR (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Jordan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest potato chips supplying countries in Asia were China ($X), Japan ($X) and Iran ($X), together accounting for X% of total exports. Thailand, Malaysia, Hong Kong SAR, Turkey, the United Arab Emirates, Jordan, the Philippines, Saudi Arabia, Lebanon and Pakistan lagged somewhat behind, together accounting for a further X%.

Jordan, 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 2022, the export price in Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, 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 Japan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Potato Chips Imports

Imports in Asia

In 2022, the amount of potato chips imported in Asia soared to X tons, growing by X% against 2021 figures. In general, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potato chips imports skyrocketed to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Kyrgyzstan was the key importer of potato chips in Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Kazakhstan (X tons) held the second position in the ranking, followed by Iraq (X tons), Japan (X tons), the Philippines (X tons), Hong Kong SAR (X tons) and Singapore (X tons). All these countries together took approx. X% share of total imports. Malaysia (X tons), Palestine (X tons), Uzbekistan (X tons), Azerbaijan (X tons), the United Arab Emirates (X tons) and Thailand (X tons) took a minor share of total imports.

Imports into Kyrgyzstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), the Philippines (X%), Iraq (X%), Palestine (X%), Singapore (X%), Kazakhstan (X%), Azerbaijan (X%), Malaysia (X%) and Japan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan, the Philippines, Iraq, Uzbekistan and Kazakhstan increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest potato chips importing markets in Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Hong Kong SAR ($X), together comprising X% of total imports. Singapore, Japan, Malaysia, the Philippines, Iraq, Palestine, Uzbekistan, the United Arab Emirates, Azerbaijan and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Uzbekistan, 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

The import price in Asia stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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