Latin America and the Caribbean: Frozen Boiled Potatoes Market 2022

Frozen Boiled Potatoes Market Size in Latin America and the Caribbean

In 2020, after three years of decline, there was growth in the Latin American frozen boiled potatoes market, when its value increased by X% to $X. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Frozen Boiled Potatoes Production in Latin America and the Caribbean

In value terms, frozen boiled potatoes production dropped slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

Brazil (X tons) remains the largest frozen boiled potatoes producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, frozen boiled potatoes production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. The third position in this ranking was occupied by Colombia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Brazil stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Argentina (+X% per year) and Colombia (+X% per year).

Frozen Boiled Potatoes Exports

Exports in Latin America and the Caribbean

In 2020, the amount of frozen boiled potatoes exported in Latin America and the Caribbean stood at X tons, with an increase of X% against the previous year. In general, exports showed temperate growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, frozen boiled potatoes exports rose slightly to $X in 2020. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Colombia (X tons) was the main exporter of frozen boiled potatoes, mixing up X% of total exports. Peru (X tons) ranks second in terms of the total exports with a X% share, followed by Ecuador (X%) and Brazil (X%).

From 2007 to 2020, average annual rates of growth with regard to frozen boiled potatoes exports from Colombia stood at +X%. At the same time, Ecuador (+X%), Brazil (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Ecuador, Colombia, Brazil and Peru increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest frozen boiled potatoes supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Colombia totaled +X%. In the other countries, the average annual rates were as follows: Peru (+X% per year) and Ecuador (+X% per year).

Export Prices by Country

The frozen boiled potatoes export price in Latin America and the Caribbean stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Peru ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Peru, while the other leaders experienced mixed trends in the export price figures.

Frozen Boiled Potatoes Imports

Imports in Latin America and the Caribbean

In 2020, after four years of growth, there was significant decline in purchases abroad of frozen boiled potatoes, when their volume decreased by -X% to X tons. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2019, and then reduced in the following year.

In value terms, frozen boiled potatoes imports shrank remarkably to $X in 2020. In general, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2019, and then shrank rapidly in the following year.

Imports by Country

Mexico prevails in frozen boiled potatoes imports structure, amounting to X tons, which was approx. X% of total imports in 2020. Chile (X tons), Panama (X tons) and Bahamas (X tons) occupied a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen boiled potatoes imports into Mexico stood at +X%. At the same time, Bahamas (+X%) and Panama (+X%) displayed positive paces of growth. Moreover, Bahamas emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. Chile experienced a relatively flat trend pattern. From 2007 to 2020, the share of Mexico and Panama increased by +X% and +X% percentage points, while Chile (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported frozen boiled potatoes in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Panama ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Panama (+X% per year) and Chile (-X% per year).

Import Prices by Country

In 2020, the frozen boiled potatoes import price in Latin America and the Caribbean amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Panama ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bahamas, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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