Eastern Asia: Frozen Boiled Potatoes Market 2022

Frozen Boiled Potatoes Market Size in Eastern Asia

The East Asian frozen boiled potatoes market expanded modestly to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Frozen Boiled Potatoes Production in Eastern Asia

In value terms, frozen boiled potatoes production expanded to $X in 2020 estimated in export prices. The total production indicated a tangible expansion 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. Based on 2020 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The level of production peaked in 2020 and is likely to see steady growth in years to come.

Production By Country in Eastern Asia

China (X tons) remains the largest frozen boiled potatoes producing country in Eastern Asia, accounting for X% of total volume.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at +X%.

Frozen Boiled Potatoes Exports

Exports in Eastern Asia

In 2020, overseas shipments of frozen boiled potatoes were finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to see gradual growth in years to come.

In value terms, frozen boiled potatoes exports surged to $X in 2020. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in frozen boiled potatoes exports structure, accounting for X tons, which was approx. X% of total exports in 2020. It was distantly followed by Hong Kong SAR (X tons), achieving a X% share of total exports.

China was also the fastest-growing in terms of the frozen boiled potatoes exports, with a CAGR of +X% from 2007 to 2020. Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest frozen boiled potatoes supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

In China, frozen boiled potatoes exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the frozen boiled potatoes export price in Eastern Asia amounted to $X per ton, dropping by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Hong Kong SAR totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Frozen Boiled Potatoes Imports

Imports in Eastern Asia

In 2020, purchases abroad of frozen boiled potatoes decreased by -X% to X tons, falling for the third consecutive year after four years of growth. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, frozen boiled potatoes imports contracted 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 2011 when imports increased by X% year-to-year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

Japan represented the major importing country with an import of about X tons, which amounted to X% of total imports. South Korea (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Macao SAR (X%).

From 2007 to 2020, average annual rates of growth with regard to frozen boiled potatoes imports into Japan stood at +X%. At the same time, South Korea (+X%), Macao SAR (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. Japan (+X p.p.) and South Korea (+X p.p.) significantly strengthened its position in terms of the total imports, while Macao SAR and Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, Japan ($X) constitutes the largest market for imported frozen boiled potatoes in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Japan stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

The frozen boiled potatoes import price in Eastern Asia stood at $X per ton in 2020, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2020.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Macao SAR ($X per ton) and Hong Kong SAR ($X per ton), while South Korea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Macao SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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