Iran: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Iran

In 2021, after two years of decline, there was significant growth in the Iranian preserved frozen potato market, when its value increased by 8.3% to $X. In general, consumption showed a relatively flat trend pattern. Preserved frozen potato consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Frozen Potato Production in Iran

In value terms, preserved frozen potato production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 29%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Preserved Frozen Potato Exports

Exports from Iran

In 2021, approx. X tons of frozen potatoes prepared or preserved were exported from Iran; increasing by 176% on 2020 figures. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 627% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved frozen potato exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 664%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Azerbaijan (X tons) and Oman (X tons) were the main destinations of preserved frozen potato exports from Iran, together comprising 50% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of +55.8%), while the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Iran, comprising 40% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Afghanistan totaled +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+45.4% per year) and the United Arab Emirates (-0.7% per year).

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, falling by -25.6% against the previous year. In general, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Senegal ($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 Senegal (+70.9%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Frozen Potato Imports

Imports into Iran

In 2021, purchases abroad of frozen potatoes prepared or preserved increased by 78% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 492% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved frozen potato imports soared to $X in 2021. In general, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of 438% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X tons) and the Netherlands (X tons) were the main suppliers of preserved frozen potato imports to Iran.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of 0.0%).

In value terms, the UK ($X) constituted the largest supplier of frozen potatoes prepared or preserved to Iran, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK was relatively modest.

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, which is down by -12.6% against the previous year. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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