India: Frozen Potato Market 2024

Frozen Potato Market Size in India

The Indian frozen potato market shrank to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Potato Production in India

In value terms, frozen potato production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Frozen Potato Exports

Exports from India

In 2022, after six years of growth, there was decline in shipments abroad of frozen potatoes, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, frozen potato exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Philippines (X tons), Thailand (X tons) and Nepal (X tons) were the main destinations of frozen potato exports from India, together accounting for X% of total exports. Indonesia, Malaysia, Vietnam, South Africa, Sri Lanka, Mauritius and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Thailand ($X) and Indonesia ($X) appeared to be the largest markets for frozen potato exported from India worldwide, together accounting for X% of total exports. Vietnam, Malaysia, Nepal, South Africa, Sri Lanka, Mauritius and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Vietnam, with a CAGR of X.6%, saw 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

The average frozen potato export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into India

In 2022, the amount of frozen potatoes imported into India surged to X tons, with an increase of X% on the previous year's figure. Over the period under review, imports, however, showed a deep downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, frozen potato imports surged to $X in 2022. Overall, imports, however, continue to indicate a precipitous decline. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bangladesh (X tons) was the main frozen potato supplier to India, with a X% share of total imports. It was followed by the Netherlands (X kg), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled X%.

In value terms, Bangladesh ($X) constituted the largest supplier of frozen potatoes to India, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Bangladesh stood at X%.

Import Prices by Country

The average frozen potato import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Bangladesh amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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