Japan: Frozen Potato Market 2024

Frozen Potato Market Size in Japan

The Japanese frozen potato market expanded notably to $X in 2021, growing by 7.2% 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 9.5%. Frozen potato consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Frozen Potato Exports

Exports from Japan

Frozen potato exports from Japan surged to X tons in 2021, with an increase of 20% on the year before. In general, exports showed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 80% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, frozen potato exports surged to $X in 2021. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 83% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Australia (X tons) were the main destinations of frozen potato exports from Japan, together accounting for 75% of total exports. These countries were followed by China, the United States, Canada, Macao SAR, Thailand, Singapore and Indonesia, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +191.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Hong Kong SAR ($X) and China ($X) were the largest markets for frozen potato exported from Japan worldwide, together comprising 74% of total exports. These countries were followed by Macao SAR, Australia, Singapore, the United States, Thailand, Canada and Indonesia, which together accounted for a further 24%.

Among the main countries of destination, Thailand, with a CAGR of +179.0%, recorded the highest growth rate of 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

The average frozen potato export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price recorded a noticeable curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($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 China (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Potato Imports

Imports into Japan

In 2021, the amount of frozen potatoes imported into Japan totaled X tons, picking up by 3.7% on 2020 figures. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 7.9%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, frozen potato imports expanded remarkably to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 9.7% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of frozen potato to Japan, accounting for a 68% share of total imports. Moreover, frozen potato imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. Canada (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.0% per year) and Canada (+0.2% per year).

In value terms, the United States ($X) constituted the largest supplier of frozen potatoes to Japan, comprising 71% of total imports. The second position in the ranking was held by Belgium ($X), with an 8.6% share of total imports. It was followed by Canada, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.3% per year) and Canada (-0.1% per year).

Import Prices by Country

The average frozen potato import price stood at $X per ton in 2021, growing by 3.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Canada ($X per ton), while the price for the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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