Colombia: Frozen Potato Market 2022

Frozen Potato Market Size in Colombia

The Colombian frozen potato market soared to $X in 2021, picking up by 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). Over the period under review, consumption saw a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Potato Exports

Exports from Colombia

In 2021, the amount of frozen potatoes exported from Colombia reduced notably to X tons, waning by -X% on the year before. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank rapidly in the following year.

In value terms, frozen potato exports fell slightly to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for frozen potato exports from Colombia, accounting for a X% share of total exports. Moreover, frozen potato exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), sevenfold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Chile (+X% per year).

In value terms, the United States ($X) remains the key foreign market for frozen potato exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Chile (+X% per year).

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Chile ($X per ton) and Canada ($X per ton), while the average price for exports to Spain ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Colombia

Frozen potato imports into Colombia soared to X tons in 2021, picking up by X% compared with 2020. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports skyrocketed to $X in 2021. Over the period under review, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of frozen potato to Colombia, accounting for a X% share of total imports. Moreover, frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the United States (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the United States (+X% per year).

Import Prices by Country

The average frozen potato import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price, however, recorded a slight decline. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for Belgium ($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 States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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