Northern America: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Northern America

In 2021, the North American preserved frozen potato market decreased by -2.9% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Preserved Frozen Potato Production in Northern America

In value terms, preserved frozen potato production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 16%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Preserved Frozen Potato Exports

Exports in Northern America

In 2021, exports of frozen potatoes prepared or preserved in Northern America skyrocketed to X tons, rising by 17% on the year before. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the two major exporters of frozen potatoes prepared or preserved, namely Canada and the United States, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +3.5%).

In value terms, the largest preserved frozen potato supplying countries in Northern America were Canada ($X) and the United States ($X).

Canada, with a CAGR of +4.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, rising by 3.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 3.2% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.1%).

Preserved Frozen Potato Imports

Imports in Northern America

In 2021, preserved frozen potato imports in Northern America rose markedly to X tons, picking up by 14% on the year before. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.3% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved frozen potato imports skyrocketed to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.4% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, recording X tons, which was near 96% of total imports in 2021. Canada (X tons) took a relatively small share of total imports.

The United States was also the fastest-growing in terms of the frozen potatoes prepared or preserved imports, with a CAGR of +5.6% from 2012 to 2021. At the same time, Canada (+2.2%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported frozen potatoes prepared or preserved in Northern America, comprising 95% of total imports. The second position in the ranking was held by Canada ($X), with a 5.2% share of total imports.

In the United States, preserved frozen potato imports expanded at an average annual rate of +6.3% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 6.8% 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 reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).

Source: IndexBox Platform

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