Thailand: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Thailand

In 2020, the Thai frozen potato market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption saw strong growth. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then dropped in the following year.

Frozen Potato Exports

Exports from Thailand

In 2020, shipments abroad of frozen potatoes decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen potato exports dropped markedly to $X in 2020. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for frozen potato exports from Thailand, with a X% share of total exports. Moreover, frozen potato exports to the Netherlands exceeded the volume sent to the second major destination, Viet Nam (X tonnes), twofold. The third position in this ranking was occupied by Cambodia (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (-X% per year) and Cambodia (+X% per year).

In value terms, the largest markets for frozen potato exported from Thailand were Japan ($X), the Netherlands ($X) and Lao People's Democratic Republic ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average frozen potato export price stood at $X per tonne in 2020, waning by -X% against the previous year. In general, the export price, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

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

Frozen Potato Imports

Imports into Thailand

In 2020, imports of frozen potatoes into Thailand rose slightly to X tonnes, with an increase of X% against the year before. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, frozen potato imports fell to $X in 2020. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019, and then dropped in the following year.

Imports by Country

The Netherlands (X tonnes), India (X tonnes) and the U.S. (X tonnes) were the main suppliers of frozen potato imports to Thailand, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in India (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), India ($X) and the U.S. ($X) appeared to be the largest frozen potato suppliers to Thailand, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands saw the highest rates of growth with regard to 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 average frozen potato import price stood at $X per tonne in 2020, declining by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Malaysia ($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 more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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China (5.5M tonnes) remains the largest frozen potato consuming country worldwide, comprising approx. 23% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.4M tonnes), twofold. The third position in this ranking was occupied by India (2.1M tonnes), with a 8.9% share.

What are the largest producers of frozen potatoes in the world?

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China (5.4M tonnes) constituted the country with the largest volume of frozen potato production, comprising approx. 22% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, Belgium (2.5M tonnes), twofold. The U.S. (2.2M tonnes) ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of frozen potatoes to Thailand?

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In value terms, the Netherlands ($19M), India ($16M) and the U.S. ($11M) appeared to be the largest frozen potato suppliers to Thailand, with a combined 70% share of total imports.

What are the leading importers of frozen potatoes from Thailand?

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In value terms, Japan ($36K), the Netherlands ($32K) and Lao People's Democratic Republic ($19K) were the largest markets for frozen potato exported from Thailand worldwide, with a combined 52% share of total exports.

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

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The average frozen potato export price stood at $1,205 per tonne in 2020, dropping by -18.5% against the previous year.

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

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In 2020, the average frozen potato import price amounted to $976 per tonne, dropping by -8.1% against the previous year.