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?

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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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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?

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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?

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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?

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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?

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In 2020, the average frozen potato import price amounted to $709 per tonne, dropping by -19.9% against the previous year.