South-Eastern Asia: Frozen Potato Market 2024

Frozen Potato Market Size in South-Eastern Asia

In 2022, the Southeast Asian frozen potato market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Potato Production in South-Eastern Asia

In value terms, frozen potato production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Frozen Potato Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of frozen potatoes increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, frozen potato exports surged to $X in 2022. Overall, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam was the major exporting country with an export of around X tons, which amounted to X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Singapore (X tons). All these countries together held near X% share of total exports. Thailand (X tons) took a relatively small share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam and Thailand increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest frozen potato supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Potato Imports

Imports in South-Eastern Asia

In 2022, imports of frozen potatoes in South-Eastern Asia soared to X tons, picking up by X% compared with 2021 figures. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Philippines (X tons), Malaysia (X tons), Indonesia (X tons) and Thailand (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Singapore (X tons) and Vietnam (X tons), together mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato importing markets in South-Eastern Asia were the Philippines ($X), Malaysia ($X) and Indonesia ($X), with a combined X% share of total imports. Thailand, Singapore and Vietnam lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and the Philippines ($X per ton), while Thailand ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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