Japan: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Japan

After three years of growth, the Japanese frozen potato market decreased by -X% to $X in 2020. The market 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 was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then reduced in the following year.

Frozen Potato Exports

Exports from Japan

In 2020, exports of frozen potatoes from Japan reduced to X tonnes, waning by -X% against the year before. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2019 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen potato exports soared to $X in 2020. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2017 to 2020, the growth exports failed to regain the momentum.

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, with a combined X% share of total exports. The U.S., Thailand and Singapore lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Thailand, 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), with a combined X% share of total exports.

Among the main countries of destination, Hong Kong SAR 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 tonne in 2020, rising by X% against the previous year. In general, the export price saw a prominent expansion. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

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

In 2020, after five years of growth, there was significant decline in overseas purchases of frozen potatoes, when their volume decreased by -X% to X tonnes. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2013 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen potato imports dropped to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2019, and then dropped in the following year.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of frozen potato 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 growth rate 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

The average frozen potato import price stood at $X per tonne in 2020, standing approx. at the previous year. Over the last thirteen years, 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% y-o-y. The import price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen potatoes in the world?

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China (5.5M tonnes) remains the largest frozen potato consuming country worldwide, comprising approx. 23% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.4M tonnes), twofold. The third position in this ranking was occupied by India (2.1M tonnes), with a 8.9% share.

What are the largest producers of frozen potatoes in the world?

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The country with the largest volume of frozen potato production was China (5.4M tonnes), accounting for 22% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, Belgium (2.5M tonnes), twofold. The third position in this ranking was occupied by the U.S. (2.2M tonnes), with a 9.1% share.

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, the largest markets for frozen potato exported from Japan were Hong Kong SAR ($791K), Taiwan (Chinese) ($661K) and Singapore ($68K), with a combined 89% share of total exports.

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

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The average frozen potato export price stood at $4,616 per tonne in 2020, with an increase of 80% 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 $1,293 per tonne in 2020, remaining stable against the previous year.