Peru: Preserved Frozen Potato Market 2024

Preserved Frozen Potato Market Size in Peru

The Peruvian preserved frozen potato market surged to $X in 2021, rising by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated strong growth 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, consumption decreased by -16.8% against 2019 indices. Preserved frozen potato consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Preserved Frozen Potato Exports

Exports from Peru

In 2021, the amount of frozen potatoes prepared or preserved exported from Peru skyrocketed to X tons, jumping by 54% compared with 2020 figures. Over the period under review, exports recorded a tangible expansion. The pace of growth was the most pronounced in 2020 when exports increased by 492% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, preserved frozen potato exports surged to $X in 2021. Overall, exports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 455% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for preserved frozen potato exports from Peru, with a 45% share of total exports. Moreover, preserved frozen potato exports to Chile exceeded the volume sent to the second major destination, Venezuela (X tons), twofold. Italy (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+16.1% per year) and Italy (+1,524.9% per year).

In value terms, the largest markets for preserved frozen potato exported from Peru were Chile ($X), Venezuela ($X) and Italy ($X), together comprising 64% of total exports.

Among the main countries of destination, Italy, with a CAGR of +1,064.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preserved frozen potato export price amounted to $X per ton, rising by 18% against the previous year. In general, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Chile ($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 Bolivia (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Frozen Potato Imports

Imports into Peru

In 2021, the amount of frozen potatoes prepared or preserved imported into Peru surged to X tons, jumping by 32% on 2020. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% 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 decreased by -22.3% against 2019 indices. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, preserved frozen potato imports skyrocketed to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of preserved frozen potato imports to Peru, with a combined 47% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +12.6%), while imports for the other leaders experienced a decline.

In value terms, the Netherlands ($X) constituted the largest supplier of frozen potatoes prepared or preserved to Peru, comprising 32% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by the United States, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.9% per year) and the United States (-12.8% per year).

Import Prices by Country

In 2021, the average preserved frozen potato import price amounted to $X per ton, growing by 5.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 10% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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