United Kingdom: Frozen Potato Market Overview 2021

Frozen Potato Market Size in the UK

In 2020, after three years of growth, there was significant decline in the UK frozen potato market, when its value decreased by -X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Frozen potato consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Frozen Potato Production in the UK

In value terms, frozen potato production reduced modestly to $X in 2020 estimated in export prices. In general, production, however, showed a pronounced decrease. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Frozen Potato Exports

Exports from the UK

In 2020, overseas shipments of frozen potatoes decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, frozen potato exports contracted dramatically to $X in 2020. In general, total exports indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tonnes) was the main destination for frozen potato exports from the UK, accounting for a X% share of total exports. Moreover, frozen potato exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X tonnes), threefold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

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

In value terms, Ireland ($X) remains the key foreign market for frozen potato exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Ireland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and France (+X% per year).

Export Prices by Country

In 2020, the average frozen potato export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2010 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was France ($X per tonne), while the average price for exports to Belgium ($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 Brazil, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Potato Imports

Imports into the UK

In 2020, after three years of growth, there was significant decline in supplies from abroad of frozen potatoes, when their volume decreased by -X% to X tonnes. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2019, and then contracted rapidly in the following year.

In value terms, frozen potato imports reduced rapidly to $X in 2020. Over the period under review, total imports indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2019, and then contracted sharply in the following year.

Imports by Country

Belgium (X tonnes), the Netherlands (X tonnes) and Ireland (X tonnes) were the main suppliers of frozen potato imports to the UK, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Belgium, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Ireland ($X) constituted the largest frozen potato suppliers to the UK, with a combined X% share of total imports.

Among the main suppliers, Belgium 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 2020, the average frozen potato import price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Ireland ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

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. India (2.1M tonnes) ranked third in terms of total consumption with a 8.9% share.

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

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China (5.4M tonnes) remains the largest frozen potato producing country worldwide, accounting for 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 third position in this ranking was occupied by the U.S. (2.2M tonnes), with a 9.1% share.

What are the leading suppliers of frozen potatoes to the UK?

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In value terms, the largest frozen potato suppliers to the UK were Belgium ($309M), the Netherlands ($275M) and Ireland ($12M), together accounting for 97% of total imports.

What are the leading importers of frozen potatoes from the UK?

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In value terms, Ireland ($33M) remains the key foreign market for frozen potato exports from the UK, comprising 47% of total exports. The second position in the ranking was occupied by the Netherlands ($9.7M), with a 14% share of total exports. It was followed by France, with a 12% share.

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

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In 2020, the average frozen potato export price amounted to $1,134 per tonne, picking up by 5.6% against the previous year.

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

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The average frozen potato import price stood at $988 per tonne in 2020, with a decrease of -2.2% against the previous year.