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Colombia - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Colombia

In 2020, after two years of growth, there was decline in the Colombian frozen potato market, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated a moderate increase 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. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2019, and then fell modestly in the following year.

Frozen Potato Production in Colombia

In value terms, frozen potato production expanded slightly to $X in 2020 estimated in export prices. Overall, the total production indicated a noticeable expansion 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. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Frozen potato production peaked in 2020 and is expected to retain growth in the near future.

Frozen Potato Exports

Exports from Colombia

After two years of decline, overseas shipments of frozen potatoes increased by X% to X tonnes in 2020. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2018 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen potato exports totaled $X in 2020. In general, exports, however, enjoyed a modest increase. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2018 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for frozen potato exports from Colombia, with a X% share of total exports. Moreover, frozen potato exports to the U.S. exceeded the volume sent to the second major destination, Japan (X tonnes), fourfold. Spain (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Spain (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Spain (+X% per year).

Export Prices by Country

The average frozen potato export price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, export price indicated a mild increase from 2007 to 2020: its price 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. Based on 2020 figures, frozen potato export price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were Japan ($X per tonne) and Spain ($X per tonne), while the average price for exports to Australia ($X per tonne) and the U.S. ($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 Australia, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Colombia

In 2020, supplies from abroad of frozen potatoes decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2019, and then reduced markedly in the following year.

In value terms, frozen potato imports declined significantly to $X in 2020. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then declined notably in the following year.

Imports by Country

In 2020, Belgium (X tonnes) 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 tonnes), threefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Belgium stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the U.S. (+X% per year).

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

From 2007 to 2020, 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 U.S. (+X% per year).

Import Prices by Country

In 2020, the average frozen potato import price amounted to $X per tonne, falling by -X% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2010; however, from 2011 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 the U.S. ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., 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?
+
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?
+
China (5.4M tonnes) remains the largest frozen potato producing country worldwide, comprising approx. 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 Colombia?
+
In value terms, Belgium ($19M) constituted the largest supplier of frozen potato to Colombia, comprising 59% of total imports. The second position in the ranking was occupied by the Netherlands ($6.6M), with a 21% share of total imports. It was followed by the U.S., with a 14% share.
What are the leading importers of frozen potatoes from Colombia?
+
In value terms, the U.S. ($1.6M) remains the key foreign market for frozen potato exports from Colombia, comprising 64% of total exports. The second position in the ranking was occupied by Japan ($514K), with a 21% share of total exports. It was followed by Spain, with a 8.3% share.
What is the average export price for frozen potatoes in Colombia?
+
In 2020, the average frozen potato export price amounted to $2,120 per tonne, which is down by -5.2% against the previous year.
What is the average import price for frozen potatoes in Colombia?
+
In 2020, the average frozen potato import price amounted to $709 per tonne, dropping by -19.9% against the previous year.

Product coverage:
• Prodcom 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water
• Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)

This report provides an in-depth analysis of the frozen potato market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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