Norway: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Norway

The Norwegian preserved frozen potato market reached $X in 2021, surging by 4% against the previous year. In general, consumption, however, showed a mild decline. The pace of growth was the most pronounced in 2016 when the market value increased by 5% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Preserved Frozen Potato Production in Norway

In value terms, preserved frozen potato production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild decline. The growth pace was the most rapid in 2018 when the production volume increased by 4.9%. Preserved frozen potato production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Preserved Frozen Potato Exports

Exports from Norway

In 2021, the amount of frozen potatoes prepared or preserved exported from Norway skyrocketed to X tons, with an increase of 918% compared with 2020. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,115% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, preserved frozen potato exports soared to $X in 2021. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for preserved frozen potato exports from Norway, accounting for a 100% share of total exports. It was followed by Sweden (X kg), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +140.8%.

In value terms, Spain ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Norway, comprising 99% of total exports. The second position in the ranking was taken by Sweden ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +165.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-21.6% per year) and Denmark (-65.4% per year).

Export Prices by Country

In 2021, the average preserved frozen potato export price amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price showed a tangible expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 173% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden ($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 Denmark (+89.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Norway

After three years of decline, supplies from abroad of frozen potatoes prepared or preserved increased by 49% to X tons in 2021. Overall, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, preserved frozen potato imports soared to $X in 2021. In general, imports, however, continue to indicate a mild decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of preserved frozen potato imports to Norway, together accounting for 79% of total imports. Italy, Poland, Greece, the UK and Sweden lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +152.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved frozen potato suppliers to Norway were the Netherlands ($X), Belgium ($X) and Austria ($X), together accounting for 69% of total imports. Italy, Poland, the UK, Sweden and Greece lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Italy, with a CAGR of +189.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved frozen potato import price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :