EU: Sweet Potato Market 2024

Sweet Potato Market Size in the EU

The EU sweet potato market skyrocketed to $X in 2023, increasing by X% against the previous year. Overall, consumption enjoyed a buoyant increase. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Sweet Potato Production in the EU

In value terms, sweet potato production expanded modestly to $X in 2023 estimated in export price. In general, production enjoyed a moderate increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The country with the largest volume of sweet potato production was Spain (X tons), comprising approx. X% of total volume. Moreover, sweet potato production in Spain exceeded the figures recorded by the second-largest producer, Portugal (X tons), fourfold. Italy (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Spain stood at X%. In the other countries, the average annual rates were as follows: Portugal (X% per year) and Italy (X% per year).

The average sweet potato yield totaled X tons per ha in 2023, stabilizing at 2022 figures. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the sweet potato yield reached the peak level at X tons per ha in 2021; however, from 2022 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sweet potato harvested area amounted to X ha in 2023, remaining constant against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2021; afterwards, it flattened through to 2023.

Sweet Potato Exports

Exports in the EU

In 2023, after nine years of growth, there was significant decline in overseas shipments of sweet potatoes, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2022, and then declined in the following year.

In value terms, sweet potato exports rose rapidly to $X in 2023. In general, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the major exporter of sweet potatoes in the European Union, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Spain (X tons) took the second position in the ranking, followed by Portugal (X tons) and Belgium (X tons). All these countries together took approx. X% share of total exports. The following exporters - France (X tons), Poland (X tons) and Germany (X tons) - each amounted to a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sweet potato exports from the Netherlands stood at X%. At the same time, Poland (X%), Portugal (X%), Belgium (X%), France (X%), Germany (X%) and Spain (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. While the share of the Netherlands (X p.p.), Portugal (X p.p.), Belgium (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest sweet potato supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports. It was followed by Portugal, with a X% share.

In the Netherlands, sweet potato exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Spain (X% per year) and Portugal (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced a decline in the export price figures.

Sweet Potato Imports

Imports in the EU

In 2023, the amount of sweet potatoes imported in the European Union expanded modestly to X tons, rising by X% against the previous year. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, sweet potato imports rose rapidly to $X in 2023. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the key importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by France (X tons), Belgium (X tons), Germany (X tons) and Italy (X tons), together creating a X% share of total imports. The following importers - Spain (X tons) and Poland (X tons) - each recorded a X% share of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Belgium (X%), Germany (X%), Spain (X%), Poland (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. While the share of Belgium (X p.p.), Germany (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of France (X p.p.) and Italy (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported sweet potatoes in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform