Indonesia: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Indonesia

The Indonesian preserved frozen potato market skyrocketed to $X in 2021, increasing by 27% 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 saw buoyant growth. Preserved frozen potato consumption peaked in 2021 and is expected to retain growth in years to come.

Preserved Frozen Potato Exports

Exports from Indonesia

For the fifth consecutive year, Indonesia recorded decline in overseas shipments of frozen potatoes prepared or preserved, which decreased by -71.3% to X tons in 2021. Over the period under review, exports showed a sharp setback. The most prominent rate of growth was recorded in 2014 when exports increased by 59% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, preserved frozen potato exports dropped sharply to $X in 2021. In general, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2014 with an increase of 36%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for preserved frozen potato exports from Indonesia, accounting for a 81% share of total exports. Moreover, preserved frozen potato exports to Singapore exceeded the volume sent to the second major destination, Taiwan (Chinese) (X kg), tenfold. The third position in this ranking was taken by Ethiopia (X kg), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-26.1% per year) and Ethiopia (-64.8% per year).

In value terms, Singapore ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Indonesia, comprising 79% of total exports. The second position in the ranking was held by Ethiopia ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-56.0% per year) and Taiwan (Chinese) (-23.9% per year).

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, picking up by 8% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Gambia ($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 Ethiopia (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Indonesia

Preserved frozen potato imports into Indonesia skyrocketed to X tons in 2021, rising by 28% compared with 2020 figures. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 54% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, preserved frozen potato imports surged to $X in 2021. In general, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 72%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of preserved frozen potato to Indonesia, with a 53% share of total imports. Moreover, preserved frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +89.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.6% per year) and the Netherlands (+8.6% per year).

In value terms, Belgium ($X), the United States ($X) and the Netherlands ($X) constituted the largest preserved frozen potato suppliers to Indonesia, together comprising 86% of total imports. These countries were followed by New Zealand, Canada, India and France, which together accounted for a further 12%.

Among the main suppliers, India, with a CAGR of +524.6%, recorded the highest rates of growth with regard to 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 average preserved frozen potato import price 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 was the most pronounced in 2013 when the average import price increased by 12%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :