Colombia: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Colombia

The Colombian frozen potato market totaled $X in 2019, leveling off at 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 relatively flat trend pattern.

Frozen Potato Exports

Exports from Colombia

In 2020, after two years of decline, there was significant growth in shipments abroad of frozen potatoes, when their volume increased by X% to X tonnes. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. from 2018 to 2020, the growth exports remained at a lower figure.

In value terms, frozen potato exports expanded modestly to $X in 2020. In general, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports remained at a 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. The third position in this ranking was occupied by Venezuela (X tonnes), 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 Venezuela (+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, falling by -X% against the previous year. Overall, export price indicated mild growth 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 most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Japan ($X per tonne), while the average price for exports to Venezuela ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Colombia

In 2020, after two years of growth, there was significant decline in overseas purchases of frozen potatoes, when their volume decreased by -X% to X tonnes. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2019, and then contracted notably in the following year.

In value terms, frozen potato imports dropped rapidly to $X in 2020. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then reduced rapidly in the following year.

Imports by Country

The Netherlands (X tonnes), Belgium (X tonnes) and the U.S. (X tonnes) were the main suppliers of frozen potato imports to Colombia, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in the Netherlands, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to Colombia were the Netherlands ($X), Belgium ($X) and the U.S. ($X), together accounting for X% of total imports.

The Netherlands recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen potato import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of frozen potatoes to Colombia?

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In value terms, the largest frozen potato suppliers to Colombia were the Netherlands ($14M), Belgium ($10M) and the U.S. ($5M), with a combined 90% share of total imports.

What are the leading importers of frozen potatoes from Colombia?

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In value terms, the U.S. ($1.4M) remains the key foreign market for frozen potato exports from Colombia, comprising 57% of total exports. The second position in the ranking was occupied by Japan ($486K), with a 19% share of total exports. It was followed by Spain, with a 8.7% share.

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

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In 2020, the average frozen potato export price amounted to $2,110 per tonne, with a decrease of -5.6% against the previous year.

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

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In 2020, the average frozen potato import price amounted to $710 per tonne, waning by -19.8% against the previous year.