U.S.: Potato Market 2022

Potato Market Size in the U.S.

The U.S. potato market shrank slightly to $X in 2021, leveling off at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Potato consumption peaked at $X in 2008; however, from 2009 to 2021, consumption stood at a somewhat lower figure.

Potato Production in the U.S.

In value terms, potato production declined to $X in 2021. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Potato production peaked at $X in 2008; however, from 2009 to 2021, production remained at a lower figure.

In 2021, the average potato yield in the United States rose to X tonnes per ha, increasing by X% against the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2009 when the yield increased by X% against the previous year. The potato yield peaked in 2021 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of potatoes in the United States fell to X ha, with a decrease of -X% on the previous year. Over the period under review, the harvested area showed a mild shrinkage. The growth pace was the most rapid in 2011 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to potato production reached the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Potato Exports

Exports from the U.S.

In 2021, potato exports from the United States soared to X tonnes, with an increase of X% against the year before. Over the period under review, total exports indicated a prominent increase from 2007 to 2021: its volume increased at an average annual rate of +X% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, potato exports amounted to $X in 2021. Overall, total exports indicated a prominent expansion from 2007 to 2021: its value increased at an average annual rate of +X% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tonnes) was the main destination for potato exports from the United States, accounting for a X% share of total exports. Moreover, potato exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), twofold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2021, the average annual growth rate of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Japan (+X% per year).

In value terms, Canada ($X), Mexico ($X) and Japan ($X) appeared to be the largest markets for potato exported from the United States worldwide, with a combined X% share of total exports. Taiwan (Chinese), the Dominican Republic, South Korea and Honduras lagged somewhat behind, together accounting for a further X the main countries of destination, Honduras, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potato export price stood at $X per tonne in 2021, shrinking by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average export price increased by X%. As a result, the export price attained the peak level of $X per tonne. From 2009 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Dominican Republic ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Imports

Imports into the U.S.

In 2021, approx. X tonnes of potatoes were imported into the United States; declining by -X% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X tonnes in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, potato imports shrank modestly to $X in 2021. Overall, total imports indicated tangible growth from 2007 to 2021: its value decreased at an average annual rate of -X% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2008 with an increase of X%. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, Canada (X tonnes) was the main supplier of potato to the United States, with a approx. X% share of total imports.

From 2007 to 2021, 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 United States.

From 2007 to 2021, the average annual growth rate of value from Canada amounted to +X%.

Import Prices by Country

The average potato import price stood at $X per tonne in 2021, picking up by X% against the previous year. Over the period under review, import price indicated prominent growth from 2007 to 2021: its price increased at an average annual rate of +X% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, potato import price increased by +X% against 2013 indices. The growth pace was the most rapid in 2008 an increase of X%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2007 to 2021, the rate of growth in terms of prices for Canada amounted to +X% per year.

Source: IndexBox Platform