U.S.: Potato Market Overview 2020

Potato Market Size in the U.S.

The revenue of the potato market in the U.S. amounted to $X in 2018, waning by -X% against the previous year. In general, potato consumption continues to indicate a mild deduction. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Potato consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Potato Production in the U.S.

In value terms, potato production stood at $X in 2018. In general, potato production continues to indicate a slight descent. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, potato production attained its peak figure level at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Average yield of potatoes in the U.S. stood at X tonne per ha in 2018, therefore, remained relatively stable against the previous year. Overall, the potato yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, the average potato yield attained its peak figure level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of potatoes production in the U.S. amounted to X ha, flattening at the previous year. Over the period under review, the potato harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to potato production reached its peak figure at X ha in 2012; however, from 2013 to 2018, harvested area failed to regain its momentum.

Potato Exports

Exports from the U.S.

In 2018, approx. X tonnes of potatoes were exported from the U.S.; picking up by X% against the previous year. In general, the total exports indicated a resilient increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, potato exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, potato exports stood at $X in 2018. In general, the total exports indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, potato exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, potato exports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

Canada (X tonnes) was the main destination for potato exports from the U.S., with a X% share of total exports. Moreover, potato exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), threefold. The third position in this ranking was occupied by Taiwan, Chinese (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Taiwan, Chinese (+X% per year).

In value terms, Canada ($X), Mexico ($X) and Taiwan, Chinese ($X) appeared to be the largest markets for potato exported from the U.S. worldwide, with a combined X% share of total exports. These countries were followed by Japan, the Philippines, South Korea, Malaysia, Honduras and Singapore, which together accounted for a further X recorded the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potato export price stood at $X per tonne in 2018, waning by -X% against the previous year. Overall, the potato export price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. In that year, the average export prices for potatoes attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for potatoes failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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.

Potato Imports

Imports into the U.S.

Potato imports into the U.S. amounted to X tonnes in 2018, reducing by -X% against the previous year. Overall, potato imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, potato imports reached their maximum at X tonnes in 2017, and then declined slightly in the following year.

In value terms, potato imports stood at $X in 2018. In general, the total imports indicated a prominent expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, potato imports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Canada (X tonnes) was the main potato supplier to the U.S., accounting for a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Canada was relatively modest.

In value terms, Canada ($X) constituted the largest supplier of potato to the U.S..

From 2007 to 2018, the average annual rate of growth in terms of value from Canada amounted to +X%.

Import Prices by Country

In 2018, the average potato import price amounted to $X per tonne, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the average import prices for potatoes attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average import prices for potatoes failed to regain its momentum.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2007 to 2018, the rate of growth in terms of prices for Canada amounted to +X% per year.

Source: IndexBox AI Platform