Brazil: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Brazil

The Brazilian frozen potato market fell remarkably to $X in 2020, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a moderate increase. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Frozen potato consumption peaked at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Frozen Potato Exports

Exports from Brazil

In 2020, shipments abroad of frozen potatoes decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen potato exports reduced to $X in 2020. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

The UK (X tonnes) was the main destination for frozen potato exports from Brazil, accounting for a X% share of total exports. Moreover, frozen potato exports to the UK exceeded the volume sent to the second major destination, Guyana (X tonnes), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK amounted to +X%.

In value terms, the UK ($X) remains the key foreign market for frozen potato exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by Guyana ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK totaled +X%.

Export Prices by Country

The average frozen potato export price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Guyana ($X per tonne), while the average price for exports to the UK amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK.

Frozen Potato Imports

Imports into Brazil

In 2020, the amount of frozen potatoes imported into Brazil contracted remarkably to X tonnes, with a decrease of -X% against 2019. Over the period under review, imports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, frozen potato imports contracted notably to $X in 2020. Overall, imports, however, recorded a tangible increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Argentina (X tonnes) constituted the largest frozen potato supplier to Brazil, with a X% share of total imports. Moreover, frozen potato imports from Argentina exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), twofold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2020, the average frozen potato import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Argentina ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI 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 (5.5M tonnes), accounting for 23% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.4M tonnes), twofold. The third position in this ranking was occupied by India (2.1M tonnes), with a 8.9% share.

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

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The country with the largest volume of frozen potato production was China (5.4M tonnes), accounting for 22% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, Belgium (2.5M tonnes), twofold. The third position in this ranking was occupied by the U.S. (2.2M tonnes), with a 9.1% share.

What are the leading suppliers of frozen potatoes to Brazil?

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In value terms, Argentina ($73M) constituted the largest supplier of frozen potato to Brazil, comprising 61% of total imports. The second position in the ranking was occupied by Belgium ($22M), with a 18% share of total imports. It was followed by the Netherlands, with a 11% share.

What are the leading importers of frozen potatoes from Brazil?

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In value terms, the UK ($60K) remains the key foreign market for frozen potato exports from Brazil, comprising 75% of total exports. The second position in the ranking was occupied by Guyana ($20K), with a 25% share of total exports.

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

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In 2020, the average frozen potato export price amounted to $798 per tonne, picking up by 7.6% against the previous year.

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

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The average frozen potato import price stood at $664 per tonne in 2020, declining by -29.6% against the previous year.