Europe: Frozen Potato Market 2023

Frozen Potato Market Size in Europe

The Europe frozen potato market stood at $X in 2021, increasing by 7.7% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Frozen Potato Production in Europe

In value terms, frozen potato production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Frozen Potato Exports

Exports in Europe

In 2021, the amount of frozen potatoes exported in Europe expanded rapidly to X tons, picking up by 11% compared with the previous year. The total export volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato exports rose rapidly to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Belgium was the key exporter of frozen potatoes in Europe, with the volume of exports reaching X tons, which was approx. 49% of total exports in 2021. The Netherlands (X tons) held a 32% share (based on physical terms) of total exports, which put it in second place, followed by Germany (6.3%) and France (6.1%). Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +6.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato supplying countries in Europe were Belgium ($X), the Netherlands ($X) and France ($X), together comprising 86% of total exports.

Among the main exporting countries, Belgium, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, rising by 3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 14%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.7%), while the other leaders experienced more modest paces of growth.

Frozen Potato Imports

Imports in Europe

Frozen potato imports totaled X tons in 2021, picking up by 7.6% on 2020. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 8.4% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen potato imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 19%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons) and the UK (X tons) were the main importers of frozen potatoes in 2021, finishing at near 16% and 14% of total imports, respectively. Germany (X tons) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (9.1%), Italy (7.7%), Spain (7.2%) and Belgium (6.1%). The following importers - Poland (X tons), Romania (X tons), Russia (X tons), Greece (X tons), Ireland (X tons) and Sweden (X tons) - together made up 17% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined 42% share of total imports. Italy, the Netherlands, Spain, Belgium, Poland, Ireland, Russia, Sweden, Romania and Greece lagged somewhat behind, together accounting for a further 43%.

Poland, with a CAGR of +18.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, picking up by 1.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 11%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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