Belgium: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Belgium

For the third consecutive year, the Belgian frozen potato market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is likely to see gradual growth in the immediate term.

Frozen Potato Production in Belgium

In value terms, frozen potato production rose modestly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is likely to continue growth in the near future.

Frozen Potato Exports

Exports from Belgium

After thirteen years of growth, overseas shipments of frozen potatoes decreased by -X% to X tonnes in 2020. Over the period under review, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2019, and then declined in the following year.

In value terms, frozen potato exports shrank to $X in 2020. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2019, and then dropped in the following year.

Exports by Country

The UK (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main destinations of frozen potato exports from Belgium, with a combined X% share of total exports. Brazil, Germany, the U.S., Spain, Saudi Arabia, Italy, Chile, Ireland, Portugal and Poland lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S., while exports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and the Netherlands ($X) were the largest markets for frozen potato exported from Belgium worldwide, together accounting for X% of total exports. These countries were followed by Germany, the U.S., Spain, Brazil, Italy, Saudi Arabia, Ireland, Chile, Portugal and Poland, which together accounted for a further X U.S. recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average frozen potato export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The pace of growth was the most pronounced in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the highest prices were recorded for prices to the UK ($X per tonne) and Ireland ($X per tonne), while the average price for exports to Brazil ($X per tonne) and Saudi Arabia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Frozen Potato Imports

Imports into Belgium

In 2020, purchases abroad of frozen potatoes was finally on the rise to reach X tonnes after two years of decline. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the immediate term.

In value terms, frozen potato imports soared to $X in 2020. In general, total imports indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are likely to continue growth in years to come.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest frozen potato supplier to Belgium, with a X% share of total imports. Moreover, frozen potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tonnes), sevenfold.

From 2007 to 2020, the average annual growth rate of volume from the Netherlands totaled +X%.

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potato to Belgium, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the Netherlands amounted to +X%.

Import Prices by Country

In 2020, the average frozen potato import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was France ($X per tonne), while the price for the Netherlands stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen potatoes in the world?

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The country with the largest volume of frozen potato consumption was China (6.7M tonnes), comprising approx. 25% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (3.1M tonnes), twofold. India (2.7M tonnes) ranked third in terms of total consumption with a 10% share.

What are the largest producers of frozen potatoes in the world?

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China (6.7M tonnes) remains the largest frozen potato producing country worldwide, comprising approx. 24% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, the U.S. (3M tonnes), twofold. India (2.8M tonnes) ranked third in terms of total production with a 10% share.

What are the leading suppliers of frozen potatoes to Belgium?

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In value terms, the Netherlands ($107M) constituted the largest supplier of frozen potato to Belgium, comprising 81% of total imports. The second position in the ranking was occupied by France ($17M), with a 13% share of total imports.

What are the leading importers of frozen potatoes from Belgium?

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In value terms, the UK ($348M), France ($312M) and the Netherlands ($139M) were the largest markets for frozen potato exported from Belgium worldwide, with a combined 41% share of total exports. Germany, the U.S., Spain, Brazil, Italy, Saudi Arabia, Ireland, Chile, Portugal and Poland lagged somewhat behind, together accounting for a further 34%.

What is the average export price for frozen potatoes in Belgium?

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The average frozen potato export price stood at $780 per tonne in 2020, waning by -4.5% against the previous year.

What is the average import price for frozen potatoes in Belgium?

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The average frozen potato import price stood at $713 per tonne in 2020, reducing by -10.1% against the previous year.