Japan: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Japan

The Japanese frozen potato market stood at $X in 2019, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern.

Frozen Potato Exports

Exports from Japan

In 2020, approx. X tonnes of frozen potatoes were exported from Japan; dropping by -X% against the previous year. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. from 2017 to 2020, the growth exports remained at a lower figure.

In value terms, frozen potato exports skyrocketed to $X in 2020. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2017 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tonnes), Hong Kong SAR (X tonnes) and Canada (X tonnes) were the main destinations of frozen potato exports from Japan, together comprising X% of total exports. These countries were followed by the U.S., Thailand, Singapore and China, which together accounted for a further X 2007 to 2020, the biggest increases were in Thailand (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen potato exported from Japan were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Singapore ($X), together accounting for X% of total exports. These countries were followed by Canada, the U.S., Thailand and China, which together accounted for a further X (+X% per year) saw the highest growth rate of 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 frozen potato export price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, export price indicated a resilient expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Japan

After five years of growth, purchases abroad of frozen potatoes decreased by -X% to X tonnes in 2020. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, frozen potato imports fell to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then fell in the following year.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest frozen potato supplier to Japan, accounting for a X% share of total imports. Moreover, frozen potato imports from the U.S. exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), ninefold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of frozen potato to Japan, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Canada (-X% per year).

Import Prices by Country

In 2020, the average frozen potato import price amounted to $X per tonne, remaining relatively unchanged against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of frozen potatoes to Japan?

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In value terms, the U.S. ($359M) constituted the largest supplier of frozen potato to Japan, comprising 76% of total imports. The second position in the ranking was occupied by Belgium ($34M), with a 7.1% share of total imports. It was followed by Canada, with a 4.9% share.

What are the leading importers of frozen potatoes from Japan?

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In value terms, Hong Kong SAR ($792K), Taiwan (Chinese) ($661K) and Singapore ($68K) were the largest markets for frozen potato exported from Japan worldwide, together accounting for 89% of total exports. Canada, the U.S., Thailand and China lagged somewhat behind, together accounting for a further 9.7%.

What is the average export price for frozen potatoes in Japan?

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The average frozen potato export price stood at $4,566 per tonne in 2020, picking up by 81% against the previous year.

What is the average import price for frozen potatoes in Japan?

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The average frozen potato import price stood at $1,294 per tonne in 2020, almost unchanged from the previous year.