Canada: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Canada

The Canadian preserved frozen potato market reduced sharply to $X in 2021, with a decrease of -63.1% against the previous year. In general, consumption continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Preserved Frozen Potato Production in Canada

In value terms, preserved frozen potato production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.4% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Preserved Frozen Potato Exports

Exports from Canada

In 2021, after two years of decline, there was significant growth in shipments abroad of frozen potatoes prepared or preserved, when their volume increased by 17% to X tons. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato exports soared to $X in 2021. The total export value increased at an average annual rate of +4.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for preserved frozen potato exports from Canada, accounting for a 88% share of total exports. Moreover, preserved frozen potato exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+4.8% per year) and Mexico (-3.2% per year).

In value terms, the United States ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Canada, comprising 89% of total exports. The second position in the ranking was held by Japan ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+4.3% per year) and Mexico (-1.2% per year).

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, rising by 6.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Frozen Potato Imports

Imports into Canada

Preserved frozen potato imports into Canada rose rapidly to X tons in 2021, growing by 10% on the year before. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 13%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, preserved frozen potato imports soared to $X in 2021. Overall, imports, however, recorded a mild descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest preserved frozen potato supplier to Canada, accounting for a 83% share of total imports. Moreover, preserved frozen potato imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of frozen potatoes prepared or preserved to Canada, comprising 87% of total imports. The second position in the ranking was held by Belgium ($X), with a 9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -2.3%.

Import Prices by Country

In 2021, the average preserved frozen potato import price amounted to $X per ton, increasing by 6.3% against the previous year. Overall, the import price, however, recorded a pronounced decline. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.5%).

Source: IndexBox Platform

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