Argentina: Frozen Potato Market 2024

Frozen Potato Market Size in Argentina

The Argentinian frozen potato market rose rapidly to $X in 2021, surging by 7.7% against the previous year. In general, consumption, however, continues to indicate a mild downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Potato Production in Argentina

In value terms, frozen potato production rose markedly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Frozen Potato Exports

Exports from Argentina

In 2021, frozen potato exports from Argentina totaled X tons, picking up by 12% on the previous year's figure. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 42%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen potato exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 45% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for frozen potato exports from Argentina, with a 87% share of total exports. Moreover, frozen potato exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold. The third position in this ranking was held by Chile (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+9.8% per year) and Chile (-3.2% per year).

In value terms, Brazil ($X) remains the key foreign market for frozen potatoes exports from Argentina, comprising 86% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 5.9% share of total exports. It was followed by Chile, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+7.0% per year) and Chile (-5.2% per year).

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 8.6% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Bolivia ($X per ton) and Paraguay ($X per ton), while the average price for exports to Uruguay ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-1.1%), while the prices for the other major destinations experienced a decline.

Frozen Potato Imports

Imports into Argentina

In 2021, overseas purchases of frozen potatoes decreased by -20% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, imports saw a deep reduction. The growth pace was the most rapid in 2017 with an increase of 509% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, frozen potato imports reduced to $X in 2021. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 401%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of frozen potato to Argentina, with a 77% share of total imports. Moreover, frozen potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Brazil (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.3% per year) and Brazil (+2,705.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potatoes to Argentina, comprising 71% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports. It was followed by Brazil, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.0% per year) and Brazil (+2,777.7% per year).

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, with an increase of 9.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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