Italy: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Italy

The Italian preserved frozen potato market skyrocketed to $X in 2021, rising by 23% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Preserved frozen potato consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Frozen Potato Production in Italy

In value terms, preserved frozen potato production soared to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. Preserved frozen potato production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Preserved Frozen Potato Exports

Exports from Italy

In 2021, after six years of growth, there was significant decline in overseas shipments of frozen potatoes prepared or preserved, when their volume decreased by -13.1% to X tons. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by 32%. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, preserved frozen potato exports stood at $X in 2021. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 36% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malta (X tons), Germany (X tons) and Croatia (X tons) were the main destinations of preserved frozen potato exports from Italy, together accounting for 54% of total exports. France, Malaysia, Denmark, Japan, the United States, Mexico, Slovenia, Cabo Verde, Spain and Libya lagged somewhat behind, together accounting for a further 33%.

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 ($X) emerged as the key foreign market for frozen potatoes prepared or preserved exports from Italy, comprising 29% of total exports. The second position in the ranking was taken by Malta ($X), with a 15% share of total exports. It was followed by France, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+8.7% per year) and France (+14.7% per year).

Export Prices by Country

The average preserved frozen potato export price stood at $X per ton in 2021, increasing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Cabo Verde ($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 Japan (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Italy

In 2021, approx. X tons of frozen potatoes prepared or preserved were imported into Italy; picking up by 21% on the previous year's figure. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 preserved frozen potato imports to Italy, with a combined 83% share 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 +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved frozen potato suppliers to Italy were the Netherlands ($X), France ($X) and Belgium ($X), with a combined 85% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +10.4%, saw 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, almost unchanged from the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 20%. 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Belgium ($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 (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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