Mexico: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Mexico

After eight years of growth, the Mexican frozen potato market decreased by -X% to $X in 2020. In general, the total consumption indicated a modest expansion from 2007 to 2020: its value 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. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then fell rapidly in the following year.

Frozen Potato Exports

Exports from Mexico

In 2020, the amount of frozen potatoes exported from Mexico contracted remarkably to X tonnes, shrinking by -X% against the year before. In general, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen potato exports dropped notably to $X in 2020. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Egypt (X tonnes) was the main destination for frozen potato exports from Mexico, with a X% share of total exports. Moreover, frozen potato exports to Egypt exceeded the volume sent to the second major destination, Germany (X tonnes), twofold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (-X% per year).

In value terms, Egypt ($X) emerged as the key foreign market for frozen potato exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2020, the average frozen potato export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price, however, posted a mild expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Bahrain ($X per tonne), while the average price for exports to Egypt ($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 Germany, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Mexico

In 2020, purchases abroad of frozen potatoes decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2019, and then dropped remarkably in the following year.

In value terms, frozen potato imports contracted markedly to $X in 2020. Over the period under review, total imports indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019, and then dropped rapidly in the following year.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of frozen potato to Mexico, 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, Canada (X tonnes), threefold.

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

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

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

Import Prices by Country

In 2020, the average frozen potato import price amounted to $X per tonne, increasing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 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.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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China (6.7M tonnes) constituted the country with the largest volume of frozen potato consumption, comprising approx. 25% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (3.1M tonnes), twofold. India (2.7M tonnes) ranked third in terms of total consumption with a 10% 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 (6.7M tonnes), accounting for 24% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, the U.S. (3M tonnes), twofold. The third position in this ranking was occupied by India (2.8M tonnes), with a 10% share.

What are the leading suppliers of frozen potatoes to Mexico?

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In value terms, the U.S. ($117M) constituted the largest supplier of frozen potato to Mexico, comprising 74% of total imports. The second position in the ranking was occupied by Canada ($37M), with a 23% share of total imports.

What are the leading importers of frozen potatoes from Mexico?

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In value terms, Egypt ($7.2K) emerged as the key foreign market for frozen potato exports from Mexico, comprising 46% of total exports. The second position in the ranking was occupied by Germany ($3.3K), with a 21% share of total exports. It was followed by the U.S., with a 20% share.

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

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In 2020, the average frozen potato export price amounted to $1,268 per tonne, with a decrease of -41% against the previous year.

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

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The average frozen potato import price stood at $1,171 per tonne in 2020, rising by 5% against the previous year.