MERCOSUR: Frozen Potato Market 2024

Frozen Potato Market Size in MERCOSUR

The MERCOSUR frozen potato market skyrocketed to $X in 2021, increasing by 18% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Frozen Potato Production in MERCOSUR

In value terms, frozen potato production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Frozen Potato Exports

Exports in MERCOSUR

Frozen potato exports expanded rapidly to X tons in 2021, increasing by 14% against the previous year's figure. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 42%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen potato exports rose remarkably to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 45%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina dominates exports structure, recording X tons, which was approx. 97% of total exports in 2021. Brazil (X tons) took a little share of total exports.

Exports from Argentina increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Brazil (+68.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +68.2% from 2012-2021. Brazil (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by -1.9% from 2012 to 2021, respectively.

In value terms, Argentina ($X) remains the largest frozen potato supplier in MERCOSUR, comprising 96% of total exports. The second position in the ranking was held by Brazil ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Argentina stood at +2.9%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the export price increased by 8.4%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-3.0%).

Frozen Potato Imports

Imports in MERCOSUR

In 2021, approx. X tons of frozen potatoes were imported in MERCOSUR; with an increase of 23% on 2020. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports soared to $X in 2021. The total import value increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 47%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Brazil (X tons) was the main importer of frozen potatoes, comprising 55% of total imports. Chile (X tons) ranks second in terms of the total imports with a 21% share, followed by Colombia (11%). The following importers - Uruguay (X tons), Peru (X tons) and Ecuador (X tons) - together made up 10% of total imports.

From 2012 to 2021, average annual rates of growth with regard to frozen potato imports into Brazil stood at +6.0%. At the same time, Colombia (+17.0%), Chile (+11.7%), Uruguay (+6.6%), Ecuador (+6.6%) and Peru (+6.0%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +17.0% from 2012-2021. From 2012 to 2021, the share of Chile and Colombia increased by +6.5 and +5.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported frozen potatoes in MERCOSUR, comprising 54% of total imports. The second position in the ranking was taken by Chile ($X), with a 21% share of total imports. It was followed by Colombia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +5.0%. In the other countries, the average annual rates were as follows: Chile (+10.6% per year) and Colombia (+15.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Peru ($X per ton) and Ecuador ($X per ton), while Brazil ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform