Asia-Pacific: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Asia-Pacific

After two years of decline, the Asia-Pacific preserved frozen potato market increased by 1.3% to $X in 2021. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Frozen Potato Production in Asia-Pacific

In value terms, preserved frozen potato production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 35%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Preserved Frozen Potato Exports

Exports in Asia-Pacific

In 2021, approx. X tons of frozen potatoes prepared or preserved were exported in Asia-Pacific; increasing by 44% compared with 2020. In general, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato exports surged to $X in 2021. Overall, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, New Zealand (X tons), distantly followed by India (X tons), China (X tons) and Australia (X tons) represented the major exporters of frozen potatoes prepared or preserved, together comprising 94% of total exports. Vietnam (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +48.1%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), China ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 84% of total exports.

Among the main exporting countries, India, with a CAGR of +41.1%, saw the highest growth rate of 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 export price in Asia-Pacific stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price saw a mild reduction. The pace of growth was the most pronounced in 2017 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while India ($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 Asia-Pacific

In 2021, approx. X tons of frozen potatoes prepared or preserved were imported in Asia-Pacific; surging by 7.8% on 2020 figures. The total import volume increased at an average annual rate of +2.7% 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 2016 with an increase of 9.4%. Over the period under review, imports hit record highs at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, preserved frozen potato imports amounted to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period 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 2018 when imports increased by 10%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) represented the largest importer of frozen potatoes prepared or preserved, achieving 27% of total imports. The Philippines (X tons) ranks second in terms of the total imports with a 10% share, followed by South Korea (9.7%), Australia (8.8%), Malaysia (7.6%), Taiwan (Chinese) (6.5%), Indonesia (6.2%), China (5.7%) and Thailand (4.6%).

Japan experienced a relatively flat trend pattern with regard to volume of imports of frozen potatoes prepared or preserved. At the same time, Indonesia (+16.1%), the Philippines (+9.2%), Thailand (+6.5%), South Korea (+6.1%), Taiwan (Chinese) (+5.6%) and Malaysia (+4.3%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +16.1% from 2012-2021. By contrast, Australia (-1.3%) and China (-6.1%) illustrated a downward trend over the same period. While the share of the Philippines (+4.4 p.p.), Indonesia (+4.1 p.p.) and South Korea (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-3.8 p.p.), China (-7.1 p.p.) and Japan (-7.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported frozen potatoes prepared or preserved in Asia-Pacific, comprising 31% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.6% share of total imports. It was followed by the Philippines, with a 9.2% share.

In Japan, preserved frozen potato imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+6.0% per year) and the Philippines (+12.3% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, almost unchanged from the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 6.2%. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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