Northern America: Potato Market 2024

Potato Market Size in Northern America

The North American potato market reduced modestly to $X in 2022, leveling off at the previous year. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Potato Production in Northern America

In value terms, potato production reached $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

The United States (X tons) remains the largest potato producing country in Northern America, accounting for X% of total volume. Moreover, potato production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), threefold.

In the United States, potato production declined by an average annual rate of X% over the period from 2012-2022.

The average potato yield contracted slightly to X tons per ha in 2022, standing approx. at 2021. Over the period under review, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. 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 reduced to X ha in 2022, which is down by X% on the year before. In general, the harvested area recorded a mild decline. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Potato Exports

Exports in Northern America

In 2022, shipments abroad of potatoes increased by X% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, potato exports soared to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. 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 potatoes, namely Canada and the United States, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of X%).

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of exports in 2022.

Canada, with a CAGR of X%, saw 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

The export price in Northern America stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Potato Imports

Imports in Northern America

In 2022, after two years of growth, there was significant decline in overseas purchases of potatoes, when their volume decreased by X% to X tons. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, potato imports fell modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank modestly in the following year.

Imports by Country

In 2022, the United States (X tons) represented the major importer of potatoes, making up X% of total imports. It was distantly followed by Canada (X tons), achieving a X% share of total imports.

The United States was also the fastest-growing in terms of the potatoes imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

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

In the United States, potato imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform