Iran: Frozen Potato Market 2024

Frozen Potato Market Size in Iran

In 2021, the Iranian frozen potato market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption saw a noticeable downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Frozen Potato Production in Iran

In value terms, frozen potato production expanded notably to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable setback. The growth pace was the most rapid in 2016 with an increase of 55%. Frozen potato production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Frozen Potato Exports

Exports from Iran

Frozen potato exports from Iran surged to X tons in 2021, picking up by 198% compared with the previous year. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 453% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, frozen potato exports soared to $X in 2021. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 555% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for frozen potato exports from Iran, accounting for a 43% share of total exports. Moreover, frozen potato exports to Turkey exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Azerbaijan (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.4% per year) and Azerbaijan (+49.8% per year).

In value terms, Turkey ($X), Azerbaijan ($X) and the United Arab Emirates ($X) appeared to be the largest markets for frozen potato exported from Iran worldwide, with a combined 43% share of total exports. These countries were followed by Oman, Armenia, Iraq and Senegal, which together accounted for a further 19%.

Among the main countries of destination, Senegal, with a CAGR of +3,076.9%, 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, reducing by -36.1% against the previous year. Over the period under review, the export price recorded a abrupt decline. The growth pace was the most rapid in 2015 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Turkey ($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 Azerbaijan (-3.8%), while the prices for the other major destinations experienced a decline.

Frozen Potato Imports

Imports into Iran

In 2021, overseas purchases of frozen potatoes increased by 76% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed notable growth. The pace of growth appeared the most rapid in 2014 with an increase of 491% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen potato imports soared to $X in 2021. Overall, imports showed a modest expansion. The pace of growth was the most pronounced in 2014 when imports increased by 437% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), the UK (X tons) and the Netherlands (X tons) were the main suppliers of frozen potato imports to Iran, together accounting for 98% of total imports. These countries were followed by Brazil and the United Arab Emirates, which together accounted for a further 2.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +94.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to Iran were Turkey ($X), the UK ($X) and the Netherlands ($X), together comprising 98% of total imports. These countries were followed by Brazil and the United Arab Emirates, which together accounted for a further 1.7%.

Brazil, with a CAGR of +91.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen potato import price amounted to $X per ton, falling by -16.1% against the previous year. Over the period under review, the import price saw a slight shrinkage. The growth pace was the most rapid in 2017 an increase of 123% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Brazil ($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 (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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