India: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in India

In 2021, the Indian preserved frozen potato market decreased by less than 0.1% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Preserved Frozen Potato Production in India

In value terms, preserved frozen potato production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Preserved Frozen Potato Exports

Exports from India

For the tenth consecutive year, India recorded growth in shipments abroad of frozen potatoes prepared or preserved, which increased by 51% to X tons in 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 128% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, preserved frozen potato exports soared to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 128%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Thailand (X tons), the Philippines (X tons) and Indonesia (X tons) were the main destinations of preserved frozen potato exports from India, with a combined 83% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +592.8%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Indonesia ($X) appeared to be the largest markets for preserved frozen potato exported from India worldwide, together comprising 80% of total exports.

Indonesia, with a CAGR of +535.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, shrinking by -15.9% against the previous year. Overall, the export price recorded a noticeable contraction. The pace of growth was the most pronounced in 2013 an increase of 12%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to South Africa ($X per ton) and China ($X per ton), while the average price for exports to Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-1.8%), while the prices for the other major destinations experienced a decline.

Preserved Frozen Potato Imports

Imports into India

In 2021, the amount of frozen potatoes prepared or preserved imported into India fell dramatically to X tons, waning by -80.7% against the previous year's figure. In general, imports recorded a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 162%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, preserved frozen potato imports dropped rapidly to $X in 2021. Over the period under review, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 127%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest preserved frozen potato supplier to India, with a 74% share of total imports. Moreover, preserved frozen potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at -34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-21.6% per year) and Belgium (-51.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potatoes prepared or preserved to India, comprising 71% of total imports. The second position in the ranking was taken by the UK ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to -37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-29.4% per year) and Belgium (-54.2% per year).

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 17% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :