Italy: Frozen Potato Market 2024

Frozen Potato Market Size in Italy

In 2021, the Italian frozen potato market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -32.1% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Frozen Potato Production in Italy

In value terms, frozen potato production surged to $X in 2021 estimated in export price. Overall, production, however, enjoyed a prominent expansion. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Frozen Potato Exports

Exports from Italy

In 2021, approx. X tons of frozen potatoes were exported from Italy; reducing by -22.6% compared with 2020 figures. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 75%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, frozen potato exports reduced to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 78% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Malta (X tons) were the main destinations of frozen potato exports from Italy, together accounting for 61% of total exports. Croatia, Belgium, Japan, Libya, Malaysia, the United States, the Netherlands, Poland and Denmark lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +228.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for frozen potatoes exports from Italy, comprising 31% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports. It was followed by Malta, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.4% per year) and Malta (+6.8% per year).

Export Prices by Country

In 2021, the average frozen potato export price amounted to $X per ton, with an increase of 17% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen potato export price increased by +10.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Libya ($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 Denmark (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Italy

In 2021, frozen potato imports into Italy expanded significantly to X tons, surging by 11% against the previous year. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen potato imports soared to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and France (X tons) were the main suppliers of frozen potato imports to Italy, together comprising 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +9.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen potato suppliers to Italy were the Netherlands ($X), France ($X) and Belgium ($X), together accounting for 84% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +10.1%, saw the highest growth rate of 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

In 2021, the average frozen potato import price amounted to $X per ton, growing by 7.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 18% against the previous year. 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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