Asia: Potato Market 2024

Potato Market Size in Asia

The Asian potato market was estimated at $X in 2021, growing by 2.4% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Potato Production in Asia

In value terms, potato production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were China (X tons), India (X tons) and Bangladesh (X tons), together accounting for 78% of total production. These countries were followed by Turkey, Pakistan, Iran, Kazakhstan, Nepal and Uzbekistan, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Uzbekistan (with a CAGR of +4.7%), while production for the other leaders experienced more modest paces of growth.

The average potato yield shrank to X tons per ha in 2021, remaining constant against 2020 figures. The yield figure increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 4.4%. Over the period under review, the potato yield attained the peak level at X tons per ha in 2020, and then fell modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the potato harvested area in Asia dropped to X ha, leveling off at 2020 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2%. Over the period under review, the harvested area dedicated to potato production attained the maximum at X ha in 2017; however, from 2018 to 2021, the harvested area remained at a lower figure.

Potato Exports

Exports in Asia

In 2021, approx. X tons of potatoes were exported in Asia; rising by 22% against 2020 figures. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% 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 -21.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 37%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, potato exports amounted to $X in 2021. The total export value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 31% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Pakistan (X tons), China (X tons), India (X tons), Turkey (X tons), Iran (X tons) and Israel (X tons) represented the key exporter of potatoes in Asia, generating 80% of total export. Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Iran (with a CAGR of +15.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Pakistan ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2021, together comprising 53% of total exports. India, Iran, Turkey and Azerbaijan lagged somewhat behind, together accounting for a further 29%.

Iran, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, dropping by -11.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 25%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 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 China ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.9%), while the other leaders experienced more modest paces of growth.

Potato Imports

Imports in Asia

In 2021, approx. X tons of potatoes were imported in Asia; with an increase of 11% on 2020 figures. The total import volume increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 21%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, potato imports soared to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 20% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

Uzbekistan (X tons) and Nepal (X tons) represented roughly 26% of total imports in 2021. Azerbaijan (X tons) took a 7.6% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (6.5%), Vietnam (6.3%), the United Arab Emirates (5.6%) and Syrian Arab Republic (5.2%). Afghanistan (X tons), Iraq (X tons), Sri Lanka (X tons), Thailand (X tons), Oman (X tons) and Saudi Arabia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +16.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potato importing markets in Asia were Vietnam ($X), Uzbekistan ($X) and Nepal ($X), together comprising 29% of total imports. Malaysia, Azerbaijan, the United Arab Emirates, Saudi Arabia, Iraq, Thailand, Syrian Arab Republic, Afghanistan, Sri Lanka and Oman lagged somewhat behind, together accounting for a further 40%.

Azerbaijan, with a CAGR of +29.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 5.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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