Northern America: Frozen Potato Market 2023

Frozen Potato Market Size in Northern America

The North American frozen potato market rose slightly to $X in 2021, picking up by 4.8% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Frozen Potato Production in Northern America

In value terms, frozen potato production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 16%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Frozen Potato Exports

Exports in Northern America

In 2021, frozen potato exports in Northern America skyrocketed to X tons, growing by 17% compared with 2020 figures. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the two major exporters of frozen potatoes, namely Canada and the United States, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +3.5%).

In value terms, the largest frozen potato supplying countries in Northern America were Canada ($X) and the United States ($X).

Canada, with a CAGR of +4.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 3.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.1%).

Frozen Potato Imports

Imports in Northern America

In 2021, approx. X tons of frozen potatoes were imported in Northern America; with an increase of 14% compared with the previous year. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.1% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.0% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was near 96% of total imports in 2021. Canada (X tons) held a minor share of total imports.

The United States was also the fastest-growing in terms of the frozen potatoes imports, with a CAGR of +5.6% from 2012 to 2021. At the same time, Canada (+2.3%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported frozen potatoes in Northern America, comprising 94% of total imports. The second position in the ranking was held by Canada ($X), with a 5.4% share of total imports.

In the United States, frozen potato imports expanded at an average annual rate of +6.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 6.7% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).

Source: IndexBox Market Intelligence Platform

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