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. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Frozen potato consumption peaked at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Frozen Potato Production in the UK

In value terms, frozen potato production reduced slightly to $X in 2020 estimated in export prices. Overall, production, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% year-to-year. Frozen potato production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

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. Overall, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded 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 stood at a somewhat lower figure.

In value terms, frozen potato exports fell rapidly to $X in 2020. In general, total exports indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. 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. Over the period under review, exports reached the maximum at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

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 rate of growth in terms 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

The average frozen potato export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The pace of growth was the most pronounced in 2009 when the average export price increased by X% against the previous year. 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 remained at a lower figure.

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 overseas purchases of frozen potatoes, when their volume decreased by -X% to X tonnes. In general, total imports indicated a buoyant increase from 2007 to 2020: its volume 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 growth pace was the most rapid in 2008 with an increase of X% y-o-y. Imports peaked at X tonnes in 2019, and then contracted in the following year.

In value terms, frozen potato imports shrank to $X in 2020. Over the period under review, total imports indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019, and then shrank 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) appeared to be the largest frozen potato suppliers to the UK, together accounting for X% of total imports.

Belgium saw the highest rates of growth with regard to the value of imports, in terms of 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 tonne in 2020, remaining stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2007; however, from 2008 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 Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of frozen potato consumption in 2020 were the UK (957K tonnes), Germany (605K tonnes) and Brazil (371K tonnes), together comprising 27% of global consumption. Japan, Italy, the Netherlands, Saudi Arabia, Turkey, Poland, the U.S., France, Spain and Mexico lagged somewhat behind, together accounting for a further 32%.

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

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The countries with the highest volumes of frozen potato production in 2020 were Belgium (2.3M tonnes), the Netherlands (1.6M tonnes) and Canada (1.1M tonnes), together accounting for 68% of global production. Germany, the UK, Argentina and Turkey lagged somewhat behind, together accounting for a further 21%.

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 $1,131 per tonne, growing by 6.1% 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 $985 per tonne in 2020, flattening at the previous year.