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Thailand - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Frozen Potato Market 2022

Frozen Potato Market Size in Thailand

The Thai frozen potato market reduced dramatically to $X in 2021, with a decrease of -X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

Frozen Potato Production in Thailand

In value terms, frozen potato production fell remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Frozen Potato Exports

Exports from Thailand

In 2021, shipments abroad of frozen potatoes decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen potato exports dropped sharply to $X in 2021. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for frozen potato exports from Thailand, with a X% share of total exports. Moreover, frozen potato exports to Japan exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), threefold. Cambodia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+X% per year) and Cambodia (+X% per year).

In value terms, Japan ($X) remains the key foreign market for frozen potato exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+X% per year) and Cambodia (+X% per year).

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+X%), while the prices for the other major destinations experienced a decline.

Frozen Potato Imports

Imports into Thailand

In 2021, after three years of growth, there was significant decline in overseas purchases of frozen potatoes, when their volume decreased by -X% to X tons. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-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 2015 when imports increased by X%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, frozen potato imports shrank dramatically to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

India (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of frozen potato imports to Thailand, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to Thailand were India ($X), the Netherlands ($X) and the United States ($X), together accounting for X% of total imports.

India, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 ton in 2021, declining by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per ton) and New Zealand ($X per ton), while the price for India ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

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

China remains the largest frozen potato consuming country worldwide, accounting for 27% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 10% share.

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

China remains the largest frozen potato producing country worldwide, accounting for 26% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, Belgium, threefold. The third position in this ranking was taken by India, with a 10% share.

What are the leading suppliers of frozen potatoes to Thailand?

In value terms, India, the Netherlands and the United States were the largest frozen potato suppliers to Thailand, together comprising 73% of total imports.

What are the leading importers of frozen potatoes from Thailand?

In value terms, Japan remains the key foreign market for frozen potato exports from Thailand, comprising 77% of total exports. The second position in the ranking was held by Lao People's Democratic Republic, with a 15% share of total exports. It was followed by Cambodia, with a 4.4% share.

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

In 2021, the average frozen potato export price amounted to $3,621 per ton, growing by 5.4% against the previous year.

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

The average frozen potato import price stood at $1,028 per ton in 2021, dropping by -3.6% against the previous year.

This report provides an in-depth analysis of the frozen potato market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water

• Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)

Country coverage:

• Thailand

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Thailand

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance