MERCOSUR: Potato Market 2024

Potato Market Size in MERCOSUR

The MERCOSUR potato market reduced modestly to $X in 2023, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Potato Production in MERCOSUR

In value terms, potato production fell to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Peru (X tons), Brazil (X tons) and Argentina (X tons), together accounting for X% of total production. Colombia, Chile and Venezuela lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Colombia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2023, the average yield of potatoes in MERCOSUR totaled X tons per ha, stabilizing at the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the yield increased by X%. The level of yield peaked at X tons per ha in 2021; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The potato harvested area amounted to X ha in 2023, approximately mirroring 2022 figures. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2023, the growth of the potato harvested area failed to regain momentum.

Potato Exports

Exports in MERCOSUR

In 2023, shipments abroad of potatoes decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, potato exports surged to $X in 2023. Over the period under review, exports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Argentina was the largest exporter of potatoes in MERCOSUR, with the volume of exports recording X tons, which was near X% of total exports in 2023. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Peru (X%). Chile (X tons) followed a long way behind the leaders.

Exports from Argentina increased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%), Brazil (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Brazil, Argentina and Peru increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Potato Imports

Imports in MERCOSUR

In 2023, supplies from abroad of potatoes decreased by X% to X tons, falling for the third year in a row after two years of growth. Total imports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, potato imports surged to $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Paraguay was the largest importing country with an import of around X tons, which reached X% of total imports. Brazil (X tons) took the second position in the ranking, followed by Guyana (X tons), Suriname (X tons), Argentina (X tons) and Uruguay (X tons). All these countries together held approx. X% share of total imports. Chile (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to potato imports into Paraguay stood at X%. At the same time, Argentina (X%), Brazil (X%), Uruguay (X%) and Chile (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Suriname and Guyana experienced a relatively flat trend pattern. From 2012 to 2023, the share of Paraguay, Brazil, Argentina and Uruguay increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Guyana ($X) and Paraguay ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Argentina, Uruguay, Suriname and Chile lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, jumping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform