MERCOSUR: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in MERCOSUR

The MERCOSUR preserved frozen potato market surged to $X in 2021, rising by 16% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Preserved Frozen Potato Production in MERCOSUR

In value terms, preserved frozen potato production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Preserved Frozen Potato Exports

Exports in MERCOSUR

Preserved frozen potato exports expanded sharply to X tons in 2021, growing by 14% compared with the previous year. Total exports indicated a buoyant 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 -1.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 42% against the previous year. 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, preserved frozen potato exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +3.0% 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 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Argentina dominates exports structure, accounting for X tons, which was near 98% of total exports in 2021. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to preserved frozen potato exports from Argentina stood at +6.0%. At the same time, Brazil (+67.4%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +67.4% from 2012-2021. Brazil (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest preserved frozen potato supplier in MERCOSUR, comprising 98% of total exports. The second position in the ranking was held by Brazil ($X), with a 1.4% share of total exports.

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

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2013 an increase of 8.4% against the previous year. The level of export peaked 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, the country with the highest price was Argentina ($X per ton), while Brazil totaled $X per ton.

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

Preserved Frozen Potato Imports

Imports in MERCOSUR

Preserved frozen potato imports skyrocketed to X tons in 2021, picking up by 23% on the previous year's figure. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded 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 surged 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 47%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) was the main importer of frozen potatoes prepared or preserved, comprising 55% of total imports. Chile (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (11%). The following importers - Uruguay (X tons), Peru (X tons) and Ecuador (X tons) - together made up 9.9% of total imports.

Imports into Brazil increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Colombia (+17.1%), Chile (+11.7%), Ecuador (+6.6%), Uruguay (+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 +17.1% from 2012-2021. While the share of Chile (+6.4 p.p.) and Colombia (+5.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported frozen potatoes prepared or preserved in MERCOSUR, comprising 54% of total imports. The second position in the ranking was held by Chile ($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 totaled +5.0%. In the other countries, the average annual rates were as follows: Chile (+10.5% per year) and Colombia (+15.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price, however, saw a mild 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 failed to regain momentum.

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