Greece: Frozen Potato Market 2022

Frozen Potato Market Size in Greece

In 2021, the Greek frozen potato market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Frozen Potato Production in Greece

In value terms, frozen potato production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced decline. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Frozen Potato Exports

Exports from Greece

In 2021, after two years of growth, there was significant decline in shipments abroad of frozen potatoes, when their volume decreased by -X% to X tons. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined remarkably in the following year.

In value terms, frozen potato exports declined to $X in 2021. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for frozen potato exports from Greece, accounting for a X% share of total exports. Moreover, frozen potato exports to Romania exceeded the volume sent to the second major destination, Bulgaria (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Poland (+X% per year).

In value terms, Romania ($X) remains the key foreign market for frozen potato exports from Greece, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Poland (+X% per year).

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the export price, however, recorded a slight decrease. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%), while the prices for the other major destinations experienced a decline.

Frozen Potato Imports

Imports into Greece

In 2021, overseas purchases of frozen potatoes were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of frozen potato imports to Greece, with a combined X% share of total imports. These countries were followed by Cyprus, Germany and Poland, which together accounted for a further X 2012 to 2021, the biggest increases were in Cyprus (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and the Netherlands ($X) constituted the largest frozen potato suppliers to Greece, together comprising X% of total imports. Germany, Cyprus and Poland lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

The average frozen potato import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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