Turkey: Frozen Potato Market 2022

Frozen Potato Market Size in Turkey

The Turkish frozen potato market dropped rapidly to $X in 2021, with a decrease of -X% against the previous year. In general, consumption recorded a perceptible decline. Frozen potato consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Frozen Potato Production in Turkey

In value terms, frozen potato production shrank markedly to $X in 2021 estimated in export price. In general, production continues to indicate a slight descent. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Frozen potato production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Frozen Potato Exports

Exports from Turkey

In 2021, overseas shipments of frozen potatoes increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato exports surged to $X in 2021. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Brazil (X tons) and China (X tons) were the main destinations of frozen potato exports from Turkey, together comprising X% of total exports.

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

In value terms, China ($X), Iraq ($X) and Brazil ($X) were the largest markets for frozen potato exported from Turkey worldwide, together accounting for X% of total exports.

China, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price saw a perceptible slump. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Iraq ($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 China (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Potato Imports

Imports into Turkey

In 2021, frozen potato imports into Turkey surged to X tons, with an increase of X% against 2020. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen potato imports soared to $X in 2021. In general, imports, however, faced a deep contraction. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Iran (X tons) constituted the largest supplier of frozen potato to Turkey, with a X% share of total imports. Moreover, frozen potato imports from Iran exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. Iraq (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Iran stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Iraq (+X% per year).

In value terms, the largest frozen potato suppliers to Turkey were the Netherlands ($X), Iran ($X) and Iraq ($X), together accounting for X% of total imports.

Among the main suppliers, Iraq, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Iran ($X per ton) was 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 mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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