ASEAN: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in ASEAN

The ASEAN preserved frozen potato market declined to $X in 2021, which is down by -3.7% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Preserved Frozen Potato Production in ASEAN

In value terms, preserved frozen potato production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Preserved Frozen Potato Exports

Exports in ASEAN

In 2021, overseas shipments of frozen potatoes prepared or preserved decreased by -20.4% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 272% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, preserved frozen potato exports shrank rapidly to $X in 2021. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 99%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Vietnam (X tons) was the key exporter of frozen potatoes prepared or preserved, achieving 67% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 19% share, followed by Thailand (10%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to preserved frozen potato exports from Vietnam stood at +22.1%. At the same time, Thailand (+33.2%) and Malaysia (+3.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +33.2% from 2012-2021. By contrast, Singapore (-3.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Thailand increased by +32 and +7.8 percentage points, respectively.

In value terms, the largest preserved frozen potato supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 97% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +23.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, increasing by 6.5% against the previous year. In general, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.4%), while the other leaders experienced a decline in the export price figures.

Preserved Frozen Potato Imports

Imports in ASEAN

In 2021, the amount of frozen potatoes prepared or preserved imported in ASEAN was estimated at X tons, surging by 14% against 2020 figures. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 23%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved frozen potato imports rose markedly to $X in 2021. In general, imports saw a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 25%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Philippines (X tons), Malaysia (X tons), Indonesia (X tons), Thailand (X tons) and Singapore (X tons) represented the main importer of frozen potatoes prepared or preserved in ASEAN, generating 93% of total import. It was distantly followed by Vietnam (X tons), comprising a 6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +24.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved frozen potato importing markets in ASEAN were the Philippines ($X), Malaysia ($X) and Indonesia ($X), with a combined 69% share of total imports. Thailand, Singapore and Vietnam lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Vietnam, with a CAGR of +27.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 8.3%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Singapore ($X per ton) and the Philippines ($X per ton), while Malaysia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform