Chile: Frozen Potato Market 2024

Frozen Potato Market Size in Chile

The Chilean frozen potato market surged to $X in 2021, picking up by 74% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Potato Exports

Exports from Chile

In 2021, overseas shipments of frozen potatoes increased by 4.3% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 1,166% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen potato exports fell to $X in 2021. In general, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 766% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for frozen potato exports from Chile, accounting for a 32% share of total exports. Moreover, frozen potato exports to Venezuela exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Venezuela totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-25.6% per year) and Belgium (+81.2% per year).

In value terms, Ecuador ($X), Colombia ($X) and Belgium ($X) were the largest markets for frozen potato exported from Chile worldwide, together comprising 54% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +79.3%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, waning by -17.3% against the previous year. Overall, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Venezuela ($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 Kuwait (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Chile

Frozen potato imports into Chile surged to X tons in 2021, picking up by 66% against 2020 figures. Overall, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest frozen potato supplier to Chile, with a 60% share of total imports. Moreover, frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Argentina (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.0% per year) and Argentina (+5.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen potatoes to Chile, comprising 56% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Argentina, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.7% per year) and Argentina (+3.0% per year).

Import Prices by Country

The average frozen potato import price stood at $X per ton in 2021, growing by 5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and France ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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